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

Shares of Delek US Holdings, Inc. (NYSE:DK) have been given a consensus rating of “Reduce” by the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $21.00.

DK has been the topic of several recent research reports. Scotiabank cut their price objective on Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. reduced their price target on Delek US from $26.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Morgan Stanley dropped their price objective on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Monday, September 16th. Mizuho raised shares of Delek US from an “underperform” rating to a “neutral” rating and reduced their target price for the stock from $28.00 to $26.00 in a report on Monday, September 16th. Finally, Piper Sandler dropped their price target on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, September 20th.

Delek US Stock Up 1.9 %

DK stock opened at $18.39 on Friday. Delek US has a twelve month low of $15.36 and a twelve month high of $33.60. The company has a market cap of $1.16 billion, a price-to-earnings ratio of -3.78 and a beta of 1.15. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The business has a 50 day moving average price of $18.26 and a two-hundred day moving average price of $21.65.

Delek US (NYSE:DK) last announced its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. The business 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 quarter in the prior year, the business earned $2.02 EPS. Analysts anticipate that Delek US will post -4.4 EPS for the current fiscal year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s payout ratio is presently -20.99%.

Institutional Investors Weigh In On Delek US

A number of hedge funds have recently made changes to their positions in the stock. SummerHaven Investment Management LLC increased its stake in shares of Delek US by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company’s stock worth $813,000 after acquiring an additional 580 shares during the period. Shell Asset Management Co. raised its stake in shares of Delek US by 6.8% during the 1st quarter. Shell Asset Management Co. now owns 9,890 shares of the oil and gas company’s stock valued at $304,000 after buying an additional 628 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Delek US by 7.1% in the 1st quarter. ProShare Advisors LLC now owns 11,412 shares of the oil and gas company’s stock valued at $351,000 after buying an additional 754 shares during the period. F M Investments LLC boosted its stake in shares of Delek US by 0.5% in the third quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company’s stock worth $3,275,000 after buying an additional 807 shares during the last quarter. Finally, Thoroughbred Financial Services LLC grew its holdings in 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 acquiring an additional 1,246 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.