Delek US Holdings Inc. (NYSE:DK) shares traded -0.08% lower at $23.93 on Wall Street last session.
In accordance with the data, 14 analysts cover Delek US Holdings Inc. (NYSE:DK). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $52.00 and a low of $20.00, we find $26.50. Given the previous closing price of $23.95, this indicates a potential upside of 10.65 percent. DK stock price is now 6.12% away from the 50-day moving average and -7.32% away from the 200-day moving average. The market capitalization of the company currently stands at $1.56B.
It has been rated a hold by 8 analysts and a buy by 1. Brokers who have rated the stock have averaged $27.57 as their price target over the next twelve months.
With the price target reduced from $33 to $24, Goldman Downgraded its rating from Buy to Neutral for Delek US Holdings Inc. (NYSE: DK).
In other news, Soreq Avigal, President & CEO bought 6,775 shares of the company’s stock on Mar 14. The stock was bought for $153,318 at an average price of $22.63. Upon completion of the transaction, the President & CEO now directly owns 94,400 shares in the company, valued at $2.26 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 14, CFO Spiegel Reuven bought 2,000 shares of the business’s stock. A total of $45,200 was incurred on buying the stock at an average price of $22.60. This leaves the insider owning 33,148 shares of the company worth $0.79 million. Insiders disposed of 43,137 shares of company stock worth roughly $1.03 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DK stock. A new stake in Delek US Holdings Inc. shares was purchased by DEPRINCE RACE & ZOLLO INC during the first quarter worth $46,020,000. CRESTLINE MANAGEMENT, LP invested $9,572,000 in shares of DK during the first quarter. In the first quarter, ZIMMER PARTNERS, LP acquired a new stake in Delek US Holdings Inc. valued at approximately $8,376,000. CENTERBOOK PARTNERS LP acquired a new stake in DK for approximately $3,718,000. PRAETORIAN PR LLC purchased a new stake in DK valued at around $2,063,000 in the second quarter. In total, there are 325 active investors with 96.10% ownership of the company’s stock.
Delek US Holdings Inc. (NYSE: DK) opened at $24.10 on Monday. During the past 12 months, Delek US Holdings Inc. has had a low of $19.39 and a high of $35.45. As of last week, the company has a debt-to-equity ratio of 2.77, a current ratio of 1.10, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $3.65B, which is based on a 5.47 price-to-earnings ratio, a 54.66 price-to-earnings-growth ratio, and a beta of 1.46. The fifty day moving average price for DK is $22.55 and a two-hundred day moving average price translates $25.82 for the stock.
The latest earnings results from Delek US Holdings Inc. (NYSE: DK) was released for Mar, 2023. According to the Oil & Gas Refining & Marketing Company, earnings per share came in at $1.37, beating analysts’ expectations of $1.02 by 0.35. This compares to $0.20 EPS in the same period last year. The net profit margin was 1.60% and return on equity was 29.20% for DK. The company reported revenue of $3.92 billion for the quarter, compared to $4.46 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -11.99 percent. For the current quarter, analysts expect DK to generate $3.32B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/22/2023. Investors who held shares on 05/15/2023 were paid a $0.23 dividend. On an annualized basis, this represents a $0.92 dividend and a 3.84% percent yield. There was an ex-dividend date of 05/12/2023 for this dividend. In terms of dividend payout ratio, DK is presently at 14.20%.
Delek US Holdings Inc.(DK) Company Profile
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. It owns and operates refineries located in Tyler, Texas; El Dorado, Arkansas; Big Spring, Texas; and Krotz Springs, Louisiana, as well as biodiesel facilities in Crossett, Arkansas, Cleburne, Texas, and New Albany, Mississippi. The Logistics segment gathers, transports, and stores crude oil, intermediate, and refined products; and markets, distributes, transports, and stores refined products, as well as disposes and recycles water for third parties. It owns or leases crude oil transportation pipelines, refined product pipelines, crude oil gathering systems, and associated crude oil storage tanks; and owns and operates light product distribution terminals, as well as markets light products using third-party terminals. The Retail segment owns and leases convenience store sites located primarily in West Texas and New Mexico. Its convenience stores offer various grades of gasoline and diesel under the DK or Alon brand; and food products and service, tobacco products, non-alcoholic and alcoholic beverages, and general merchandise, as well as money orders to the public primarily under the 7-Eleven and DK or Alon brand names. It serves oil companies, independent refiners and marketers, jobbers, distributors, utility and transportation companies, government, and independent retail fuel operators. Delek US Holdings, Inc. was founded in 2001 and is headquartered in Brentwood, Tennessee.
