Delek US Holdings, Inc. (NYSE:DK – Get Free Report) has received an average rating of “Reduce” from the twelve brokerages that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $17.02.
Several analysts recently weighed in on the company. The Goldman Sachs Group decreased their price target on Delek US from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, April 30th. UBS Group reduced their target price on Delek US from $21.00 to $13.25 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. Scotiabank reduced their target price on Delek US from $24.00 to $14.00 and set a “sector perform” rating on the stock in a research note on Friday, April 11th. Morgan Stanley reduced their target price on Delek US from $18.00 to $14.00 and set an “underweight” rating on the stock in a research note on Thursday, April 24th. Finally, Wells Fargo & Company reduced their target price on Delek US from $16.00 to $11.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 16th.
Check Out Our Latest Stock Report on DK
Delek US Stock Performance
Delek US (NYSE:DK – Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share for the quarter, missing the consensus estimate of ($2.27) by ($0.05). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the previous year, the company posted ($0.41) EPS. The business’s quarterly revenue was down 18.1% on a year-over-year basis. On average, sell-side analysts anticipate that Delek US will post -5.5 earnings per share for the current year.
Delek US Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend is Monday, May 12th. Delek US’s payout ratio is currently -9.18%.
Insider Activity at Delek US
In related news, CFO Mark Wayne Hobbs acquired 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $13.70 per share, with a total value of $38,360.00. Following the completion of the transaction, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60. This trade represents a 6.04% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased a total of 5,055 shares of company stock valued at $70,787 over the last quarter. 1.80% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Delek US
Institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its holdings in Delek US by 728.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 1,311 shares in the last quarter. CWM LLC boosted its holdings in Delek US by 100.9% in the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 1,164 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in Delek US in the first quarter worth about $47,000. GAMMA Investing LLC boosted its holdings in Delek US by 907.0% in the first quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company’s stock worth $63,000 after acquiring an additional 3,746 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Delek US by 66.3% in the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock worth $71,000 after acquiring an additional 1,538 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.
About Delek US
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. 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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