Delek US Holdings, Inc. (NYSE:DK) Receives Average Recommendation of “Reduce” from Analysts

Shares of Delek US Holdings, Inc. (NYSE:DK) have earned an average rating of “Reduce” from the ten ratings firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $20.90.

Several equities analysts have recently weighed in on the stock. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. increased their price objective on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Mizuho lowered their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, Wells Fargo & Company lowered their price target on shares of Delek US from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 26th.

Institutional Investors Weigh In On Delek US

A number of large investors have recently bought and sold shares of DK. Creative Planning grew its stake in Delek US by 116.1% during the third quarter. Creative Planning now owns 41,358 shares of the oil and gas company’s stock worth $775,000 after buying an additional 22,223 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of Delek US by 1,753.2% in the 3rd quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company’s stock valued at $12,160,000 after purchasing an additional 613,514 shares in the last quarter. Semanteon Capital Management LP acquired a new stake in shares of Delek US in the 3rd quarter valued at approximately $263,000. US Bancorp DE boosted its stake in shares of Delek US by 691.5% in the 3rd quarter. US Bancorp DE now owns 16,195 shares of the oil and gas company’s stock valued at $304,000 after purchasing an additional 14,149 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Delek US by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after purchasing an additional 1,508 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Price Performance

Shares of DK opened at $15.77 on Tuesday. The firm has a market capitalization of $985.83 million, a PE ratio of -3.24 and a beta of 1.20. The company’s 50-day moving average is $18.15 and its 200-day moving average is $18.46. Delek US has a fifty-two week low of $15.02 and a fifty-two week high of $33.60. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67.

Delek US (NYSE:DK) last issued its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing the consensus estimate of ($1.53) by ($1.01). The company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. Delek US’s revenue for the quarter was down 39.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($1.46) earnings per share. Equities analysts forecast that Delek US will post -5.5 EPS for the current year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 6.47%. Delek US’s payout ratio is -11.54%.

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.