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

Delek US Holdings, Inc. (NYSE:DK) has been given an average rating of “Reduce” by the eleven analysts that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $21.00.

Several equities analysts recently issued reports on DK shares. Wells Fargo & Company reduced their price target on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research report on Monday, December 9th. StockNews.com cut Delek US from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Piper Sandler lowered their price target 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. increased their price objective on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Scotiabank decreased their price objective on Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC grew its position in Delek US by 419.4% during the 2nd quarter. SG Americas Securities LLC now owns 80,297 shares of the oil and gas company’s stock worth $1,988,000 after purchasing an additional 64,837 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in shares of Delek US by 16.7% during the 2nd quarter. Wedge Capital Management L L P NC now owns 27,944 shares of the oil and gas company’s stock worth $692,000 after purchasing an additional 4,005 shares during the period. SummerHaven Investment Management LLC increased its holdings in shares of Delek US by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company’s stock valued at $813,000 after purchasing an additional 580 shares in the last quarter. Easterly Investment Partners LLC lifted its stake in shares of Delek US by 26.7% in the second quarter. Easterly Investment Partners LLC now owns 457,536 shares of the oil and gas company’s stock valued at $11,329,000 after purchasing an additional 96,531 shares during the period. Finally, Bailard Inc. purchased a new stake in Delek US during the second quarter worth about $201,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Delek US Trading Down 5.4 %

Shares of DK opened at $16.50 on Thursday. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. Delek US has a twelve month low of $15.36 and a twelve month high of $33.60. The stock has a market cap of $1.04 billion, a PE ratio of -3.40 and a beta of 1.22. The business’s 50-day moving average price is $17.94 and its 200-day moving average price is $20.50.

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. On average, equities analysts forecast that Delek US will post -4.4 EPS for the current fiscal year.

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.18%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s dividend payout ratio (DPR) 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.