Delek US Holdings, Inc. (NYSE:DK) Receives $21.00 Average PT from Analysts

Shares of Delek US Holdings, Inc. (NYSE:DK) have been assigned a consensus recommendation of “Reduce” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation and seven have given a hold recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $21.00.

A number of research analysts have recently commented on the company. Wells Fargo & Company cut their target price on Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, December 9th. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Morgan Stanley cut their target price on Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Monday, September 16th. Mizuho decreased their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, Bank of America assumed coverage on shares of Delek US in a research report on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price objective on the stock.

Delek US Stock Performance

NYSE DK opened at $18.97 on Monday. The business has a 50 day simple moving average of $18.03 and a two-hundred day simple moving average of $19.57. Delek US has a 1-year low of $15.36 and a 1-year high of $33.60. The stock has a market capitalization of $1.20 billion, a PE ratio of -3.90 and a beta of 1.22. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67.

Delek US (NYSE:DK) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. The business had revenue of $3.04 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was down 34.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.02 earnings per share. On average, research analysts predict that Delek US will post -4.38 EPS for the current fiscal year.

Delek US Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s dividend payout ratio is presently -20.99%.

Institutional Trading of Delek US

Several large investors have recently made changes to their positions in DK. River Road Asset Management LLC boosted its holdings in Delek US by 1.1% in the third quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company’s stock valued at $76,880,000 after purchasing an additional 45,949 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Delek US by 17.2% in the third quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock valued at $61,492,000 after acquiring an additional 480,614 shares during the period. State Street Corp grew its stake in shares of Delek US by 8.0% during the 3rd quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company’s stock worth $56,612,000 after purchasing an additional 223,110 shares during the period. Rubric Capital Management LP acquired a new stake in Delek US during the third quarter valued at $37,500,000. Finally, FMR LLC increased its holdings in Delek US by 47.3% in the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock valued at $32,021,000 after buying an additional 548,777 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.