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

Shares of Delek US Holdings, Inc. (NYSE:DK) have earned an average rating of “Reduce” from the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $22.00.

A number of brokerages have commented on DK. TD Cowen dropped their price objective on shares of Delek US from $19.00 to $18.00 and set a “sell” rating for the company in a research note on Thursday, August 8th. StockNews.com lowered Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Morgan Stanley decreased their price objective on Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Monday, September 16th. Wells Fargo & Company dropped their target price on Delek US from $21.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lowered their price target on Delek US from $26.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd.

Insider Transactions at Delek US

In related news, CEO Avigal Soreq purchased 5,651 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of $20.42 per share, for a total transaction of $115,393.42. Following the acquisition, the chief executive officer now owns 188,881 shares of the company’s stock, valued at $3,856,950.02. The trade was a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Delek US

A number of institutional investors have recently made changes to their positions in the business. Quarry LP purchased a new stake in Delek US in the second quarter valued at about $43,000. Allspring Global Investments Holdings LLC acquired a new stake in Delek US during the 1st quarter worth about $172,000. Farther Finance Advisors LLC increased its holdings in shares of Delek US by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after purchasing an additional 1,508 shares during the period. Bailard Inc. purchased a new position in shares of Delek US in the second quarter worth about $201,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Delek US in the first quarter worth about $265,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Price Performance

Shares of Delek US stock opened at $16.02 on Wednesday. The firm has a market cap of $1.03 billion, a PE ratio of -12.92 and a beta of 1.13. The stock has a 50 day moving average of $19.06 and a 200 day moving average of $22.92. The company has a current ratio of 0.98, a quick ratio of 0.58 and a debt-to-equity ratio of 2.50. Delek US has a 12 month low of $15.95 and a 12 month high of $33.60.

Delek US (NYSE:DK) last posted its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) EPS for the quarter, beating analysts’ consensus estimates of ($1.42) by $0.50. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the prior year, the company earned $1.00 EPS. The company’s quarterly revenue was down 18.4% compared to the same quarter last year. On average, research analysts expect that Delek US will post -3.79 EPS for the current fiscal year.

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.