Delek US Holdings, Inc. (NYSE:DK) Given Consensus Recommendation of “Reduce” by Analysts

Delek US Holdings, Inc. (NYSE:DK) has been assigned an average recommendation of “Reduce” from the ten brokerages that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $21.00.

Several equities analysts have recently weighed in on DK shares. Mizuho lowered their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. increased their price target on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Wells Fargo & Company cut their price objective on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, December 9th. Scotiabank decreased their target price 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. Finally, Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd.

Delek US Trading Down 1.5 %

Shares of DK stock opened at $18.32 on Friday. The stock has a market capitalization of $1.16 billion, a P/E ratio of -3.77 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 firm’s 50 day moving average is $18.35 and its 200 day moving average is $19.17. Delek US has a 12-month low of $15.36 and a 12-month high of $33.60.

Delek US (NYSE:DK) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping the consensus estimate of ($1.71) by $0.26. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the previous year, the company posted $2.02 earnings per share. Delek US’s revenue was down 34.3% compared to the same quarter last year. Research analysts expect that Delek US will post -5.33 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DK. F M Investments LLC grew its position 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 purchasing an additional 807 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in Delek US by 4.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,415 shares of the oil and gas company’s stock valued at $827,000 after buying an additional 1,282 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in Delek US by 7.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company’s stock valued at $342,000 after buying an additional 1,292 shares in the last quarter. Wedge Capital Management L L P NC increased its stake in Delek US by 5.1% in the 3rd 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 acquiring an additional 1,419 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Delek US by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after acquiring an additional 1,508 shares in the last quarter. 97.01% of the stock is currently owned by 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.