Analysts Set Delek US Holdings, Inc. (NYSE:DK) Price Target at $22.00

Delek US Holdings, Inc. (NYSE:DK) has received a consensus rating of “Reduce” from the twelve analysts that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $22.00.

Several brokerages have commented on DK. Mizuho upgraded Delek US from an “underperform” rating to a “neutral” rating and cut their target price for the company from $28.00 to $26.00 in a research note on Monday, September 16th. StockNews.com cut Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Scotiabank decreased their target price on 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. JPMorgan Chase & Co. dropped their price target on shares of Delek US from $26.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Finally, Morgan Stanley decreased 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.

Insider Activity at Delek US

In related news, CEO Avigal Soreq purchased 5,651 shares of Delek US stock in a transaction on Friday, August 9th. The stock was acquired at an average price of $20.42 per share, for a total transaction of $115,393.42. Following the completion of the transaction, the chief executive officer now directly owns 188,881 shares in the company, valued at $3,856,950.02. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Delek US

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new position in Delek US in the 2nd quarter worth $43,000. Allspring Global Investments Holdings LLC bought a new position in shares of Delek US in the first quarter worth about $172,000. Bailard Inc. purchased a new stake in shares of Delek US during the second quarter worth about $201,000. Chesapeake Capital Corp IL purchased a new stake in shares of Delek US during the second quarter worth about $223,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Delek US during the 2nd quarter valued at approximately $223,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Price Performance

DK opened at $17.01 on Wednesday. Delek US has a 1 year low of $16.20 and a 1 year high of $33.60. The stock has a 50-day moving average price of $19.24 and a 200-day moving average price of $23.19. The firm has a market cap of $1.09 billion, a PE ratio of -13.72 and a beta of 1.13. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.98 and a quick ratio of 0.58.

Delek US (NYSE:DK) last issued its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.42) by $0.50. Delek US had a negative net margin of 0.69% and a negative return on equity of 4.53%. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same period in the previous year, the company earned $1.00 earnings per share. The business’s revenue for the quarter was down 18.4% compared to the same quarter last year. Sell-side analysts predict that Delek US will post -3.79 earnings per share for the current fiscal year.

Delek US Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were issued a $0.255 dividend. This is a boost from Delek US’s previous quarterly dividend of $0.20. This represents a $1.02 dividend on an annualized basis and a yield of 6.00%. The ex-dividend date of this dividend was Monday, August 12th. Delek US’s dividend payout ratio (DPR) is currently -82.26%.

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.