Delek US Holdings, Inc. (NYSE:DK) Receives $21.00 Consensus Price Target from Analysts

Shares of Delek US Holdings, Inc. (NYSE:DK) have been given a consensus rating of “Reduce” by the eleven brokerages that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation and seven have assigned a hold recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $21.00.

Several research analysts recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Monday, December 9th. Morgan Stanley decreased their target price on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Monday, September 16th. Scotiabank cut their price target on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Mizuho decreased their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, Piper Sandler dropped their target price on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, September 20th.

Hedge Funds Weigh In On Delek US

Several hedge funds have recently bought and sold shares of DK. F M Investments LLC lifted its stake in shares of Delek US by 0.5% during the third quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company’s stock valued at $3,275,000 after buying an additional 807 shares during the period. Thoroughbred Financial Services LLC boosted its holdings in shares of Delek US by 2.5% during the second quarter. Thoroughbred Financial Services LLC now owns 50,394 shares of the oil and gas company’s stock worth $1,247,000 after purchasing an additional 1,246 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Delek US by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 33,415 shares of the oil and gas company’s stock valued at $827,000 after purchasing an additional 1,282 shares during the period. Orion Portfolio Solutions LLC increased its stake in Delek US by 7.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company’s stock valued at $342,000 after purchasing an additional 1,292 shares during the last quarter. Finally, Wedge Capital Management L L P NC lifted its position in Delek US by 5.1% during the third quarter. Wedge Capital Management L L P NC now owns 29,363 shares of the oil and gas company’s stock worth $551,000 after buying an additional 1,419 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Trading Up 3.1 %

Shares of DK stock opened at $18.97 on Monday. The company has a market capitalization of $1.20 billion, a P/E ratio of -3.90 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The business’s 50 day moving average is $18.03 and its two-hundred day moving average is $19.64. Delek US has a twelve month low of $15.36 and a twelve month high of $33.60.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. Delek US’s quarterly revenue was down 34.3% on a year-over-year basis. During the same period last year, the firm posted $2.02 EPS. Equities analysts forecast that Delek US will post -4.4 EPS for the current year.

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s payout ratio is currently -20.99%.

Delek US Company Profile

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.