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

Shares of Delek US Holdings, Inc. (NYSE:DK) have received a consensus rating of “Reduce” from the twelve analysts that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $16.94.

A number of research analysts recently weighed in on the company. Piper Sandler cut their price objective on Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Scotiabank decreased their price objective on shares of Delek US from $24.00 to $14.00 and set a “sector perform” rating for the company in a report on Friday, April 11th. Morgan Stanley dropped their target price on shares of Delek US from $18.00 to $14.00 and set an “underweight” rating on the stock in a report on Thursday, April 24th. Mizuho decreased their target price on Delek US from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Finally, UBS Group cut their target price on shares of Delek US from $21.00 to $13.25 and set a “neutral” rating for the company in a research note on Wednesday, April 9th.

Insiders Place Their Bets

In other news, CFO Mark Wayne Hobbs acquired 2,800 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the transaction, the chief financial officer now owns 49,138 shares of the company’s stock, valued at approximately $673,190.60. This represents a 6.04 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders have acquired 5,055 shares of company stock valued at $70,787. 1.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Delek US

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DK. Sterling Capital Management LLC lifted its stake in shares of Delek US by 728.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 1,311 shares during the period. CWM LLC boosted its holdings in Delek US by 100.9% during the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company’s stock worth $35,000 after buying an additional 1,164 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new position in shares of Delek US during the 1st quarter worth about $47,000. GAMMA Investing LLC increased its stake in shares of Delek US by 907.0% in the 1st quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company’s stock valued at $63,000 after acquiring an additional 3,746 shares during the last quarter. Finally, KBC Group NV raised its position in shares of Delek US by 66.3% in the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after acquiring an additional 1,538 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Stock Performance

Shares of DK opened at $15.34 on Friday. The firm has a market cap of $958.95 million, a price-to-earnings ratio of -3.16 and a beta of 0.74. The company’s fifty day moving average is $14.10 and its 200-day moving average is $16.61. 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 12 month low of $11.03 and a 12 month high of $28.91.

Delek US (NYSE:DK) last posted its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) EPS for the quarter, missing the consensus estimate of ($2.27) by ($0.05). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the company earned ($0.41) earnings per share. The company’s quarterly revenue was down 18.1% compared to the same quarter last year. Equities analysts expect that Delek US will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Monday, May 12th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.02 dividend on an annualized basis and a yield of 6.65%. Delek US’s dividend payout ratio is -11.54%.

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.