Analysts Set Delek US Holdings, Inc. (NYSE:DK) Target Price at $21.10

Delek US Holdings, Inc. (NYSE:DK) has been assigned a consensus rating of “Reduce” from the eleven ratings firms that are presently covering the company, Marketbeat.com reports. Five 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 analysts that have updated their coverage on the stock in the last year is $21.00.

A number of equities analysts recently commented on DK shares. Morgan Stanley lowered their price target on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Monday, September 16th. Scotiabank dropped their price target on shares of 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. Mizuho cut their price target on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday. Bank of America began coverage on Delek US in a research note on Thursday, October 17th. They set an “underperform” rating and a $15.00 price objective on the stock. Finally, Wells Fargo & Company cut their target price on Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, December 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP bought a new stake in shares of Delek US during the 2nd quarter valued at approximately $43,000. Farther Finance Advisors LLC boosted its position in 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 buying an additional 1,508 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Delek US during the third quarter worth $193,000. Bailard Inc. acquired a new position in shares of Delek US during the second quarter worth $201,000. Finally, MQS Management LLC bought a new position in shares of Delek US in the 3rd quarter valued at $201,000. Institutional investors own 97.01% of the company’s stock.

Delek US Price Performance

Delek US stock opened at $16.81 on Thursday. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -3.46 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. Delek US has a 12 month low of $15.36 and a 12 month high of $33.60. The stock’s 50 day moving average is $17.85 and its 200-day moving average is $20.42.

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, beating analysts’ consensus estimates 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 firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period in the prior year, the firm posted $2.02 EPS. The company’s revenue for the quarter was down 34.3% on a year-over-year basis. Equities research analysts expect that Delek US will post -4.4 EPS for the current year.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a dividend of $0.255 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 annualized dividend and a dividend yield of 6.07%. Delek US’s dividend payout ratio is currently -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.