Delek US Holdings, Inc. (NYSE:DK) Given Average Rating of “Reduce” by Brokerages

Delek US Holdings, Inc. (NYSE:DK) has earned a consensus rating of “Reduce” from the eleven brokerages that are covering the firm, MarketBeat reports. Four 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 brokers that have covered the stock in the last year is $21.00.

Several research analysts have weighed in on the company. Piper Sandler reduced their target price on Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, September 20th. JPMorgan Chase & Co. raised their target price on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Scotiabank lowered their price objective on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Morgan Stanley cut their price objective 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. Finally, Bank of America began coverage on Delek US in a report on Thursday, October 17th. They set an “underperform” rating and a $15.00 target price for the company.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Quarry LP bought a new position in shares of Delek US in the second quarter valued at $43,000. Farther Finance Advisors LLC lifted its stake in Delek US by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after acquiring an additional 1,508 shares during the last quarter. Chesapeake Capital Corp IL bought a new position in shares of Delek US in the 2nd quarter valued at about $223,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Delek US during the 2nd quarter worth about $223,000. Finally, Capstone Investment Advisors LLC acquired a new stake in Delek US in the 3rd quarter valued at about $193,000. 97.01% of the stock is currently owned by institutional investors.

Delek US Trading Up 0.9 %

NYSE DK opened at $18.62 on Monday. The company has a market capitalization of $1.18 billion, a PE ratio of -3.83 and a beta of 1.22. Delek US has a 12 month low of $15.36 and a 12 month high of $33.60. The stock has a 50-day simple moving average of $17.79 and a 200 day simple moving average of $19.80. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. The firm had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business’s revenue for the quarter was down 34.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.02 earnings per share. Research 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 issued a dividend of $0.255 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 annualized dividend and a yield of 5.48%. Delek US’s payout ratio is presently -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.