Brokerages Set Delek US Holdings, Inc. (NYSE:DK) Price Target at $22.46

Delek US Holdings, Inc. (NYSE:DKGet Rating) has received an average rating of “Hold” from the sixteen brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $22.46.

A number of research analysts have recently issued reports on DK shares. TheStreet raised shares of Delek US from a “d+” rating to a “c” rating in a research report on Wednesday, April 20th. Zacks Investment Research raised shares of Delek US from a “sell” rating to a “hold” rating and set a $18.00 price objective on the stock in a research report on Friday, February 4th. Morgan Stanley lifted their price objective on shares of Delek US from $19.00 to $25.00 and gave the stock an “underweight” rating in a research report on Monday, April 18th. Credit Suisse Group lifted their price objective on shares of Delek US from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, March 14th. Finally, StockNews.com upgraded shares of Delek US from a “hold” rating to a “buy” rating in a research note on Wednesday.

In related news, Director Delek Us Holdings, Inc. sold 6,708 shares of the business’s stock in a transaction on Wednesday, February 16th. The shares were sold at an average price of $44.14, for a total value of $296,091.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders sold 81,927 shares of company stock valued at $3,416,541. 1.50% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in DK. Advisor Group Holdings Inc. lifted its position in Delek US by 44.3% in the first quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company’s stock valued at $33,000 after buying an additional 486 shares during the last quarter. Rhumbline Advisers lifted its position in Delek US by 0.8% in the fourth quarter. Rhumbline Advisers now owns 100,360 shares of the oil and gas company’s stock valued at $1,504,000 after buying an additional 780 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in Delek US by 61.3% in the first quarter. Parkside Financial Bank & Trust now owns 2,086 shares of the oil and gas company’s stock valued at $44,000 after buying an additional 793 shares during the last quarter. American Century Companies Inc. lifted its position in Delek US by 6.9% in the third quarter. American Century Companies Inc. now owns 15,822 shares of the oil and gas company’s stock valued at $284,000 after buying an additional 1,026 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its position in Delek US by 32.6% in the third quarter. Meeder Asset Management Inc. now owns 4,549 shares of the oil and gas company’s stock valued at $81,000 after buying an additional 1,118 shares during the last quarter. 74.69% of the stock is owned by institutional investors and hedge funds.

DK stock traded up $0.82 during trading on Friday, hitting $27.34. The company had a trading volume of 1,395,574 shares, compared to its average volume of 1,476,532. The firm has a market capitalization of $2.41 billion, a P/E ratio of -20.40 and a beta of 1.65. Delek US has a 52-week low of $13.48 and a 52-week high of $29.27. The company has a 50 day simple moving average of $22.74 and a 200-day simple moving average of $18.98. The company has a quick ratio of 0.56, a current ratio of 0.94 and a debt-to-equity ratio of 2.24.

Delek US (NYSE:DKGet Rating) last posted its earnings results on Tuesday, May 3rd. The oil and gas company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.72. The business had revenue of $4.46 billion for the quarter, compared to the consensus estimate of $2.82 billion. Delek US had a negative net margin of 0.77% and a negative return on equity of 5.97%. The company’s revenue for the quarter was up 86.4% on a year-over-year basis. During the same quarter last year, the firm posted ($1.69) EPS. Sell-side analysts forecast that Delek US will post 3.16 earnings per share for the current year.

Delek US Company Profile (Get Rating)

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.

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