Delek US Holdings, Inc. (NYSE:DK) Receives Consensus Rating of “Reduce” from Brokerages

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

DK has been the subject of a number of research reports. JPMorgan Chase & Co. cut their price objective on shares of Delek US from $26.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. Wells Fargo & Company reduced their price objective on Delek US from $21.00 to $18.00 and set an “underweight” rating on the stock in a research note on Wednesday, October 9th. Mizuho raised Delek US from an “underperform” rating to a “neutral” rating and lowered their target price for the company from $28.00 to $26.00 in a research note on Monday, September 16th. Bank of America began coverage on Delek US in a research report on Thursday, October 17th. They set an “underperform” rating and a $15.00 price target on the stock. Finally, Piper Sandler lowered their price objective on Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, September 20th.

Institutional Trading of Delek US

A number of hedge funds have recently made changes to their positions in the stock. Sei Investments Co. increased its position in shares of Delek US by 44.1% during the first quarter. Sei Investments Co. now owns 176,442 shares of the oil and gas company’s stock valued at $5,424,000 after acquiring an additional 53,957 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Delek US in the 2nd quarter worth about $19,806,000. Easterly Investment Partners LLC raised its position in Delek US by 26.7% in the 2nd quarter. Easterly Investment Partners LLC now owns 457,536 shares of the oil and gas company’s stock worth $11,329,000 after buying an additional 96,531 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Delek US by 627.2% during the 1st quarter. Acadian Asset Management LLC now owns 266,663 shares of the oil and gas company’s stock valued at $8,191,000 after acquiring an additional 229,992 shares during the period. Finally, Burney Co. bought a new stake in shares of Delek US in the second quarter worth approximately $1,111,000. 97.01% of the stock is owned by institutional investors.

Delek US Stock Performance

NYSE DK opened at $18.65 on Friday. Delek US has a 52-week low of $15.36 and a 52-week high of $33.60. The company has a fifty day moving average of $18.32 and a 200-day moving average of $21.89. The company has a market capitalization of $1.18 billion, a P/E ratio of -3.84 and a beta of 1.15. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.58 and a current ratio of 1.04.

Delek US (NYSE:DK) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating the consensus estimate of ($1.71) by $0.26. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company’s revenue was down 34.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.02 EPS. As a group, equities research analysts predict that Delek US will post -4.4 EPS for the current fiscal year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date is Tuesday, November 12th. Delek US’s dividend payout ratio is presently -20.99%.

About Delek US

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.