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

Shares of Delek US Holdings, Inc. (NYSE:DK) have received an average recommendation of “Reduce” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $20.40.

A number of equities analysts have commented on the company. Morgan Stanley decreased their target price on Delek US from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday, March 14th. JPMorgan Chase & Co. increased their target price on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Wells Fargo & Company increased their price objective on shares of Delek US from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday, March 21st. Finally, Piper Sandler reduced their target price on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, March 7th.

Insider Activity at Delek US

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $13.70 per share, with a total value of $38,360.00. Following the completion of the purchase, the chief financial officer now directly owns 49,138 shares of the company’s stock, valued at $673,190.60. This represents a 6.04 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have purchased 5,055 shares of company stock worth $70,787 over the last quarter. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Delek US

Institutional investors and hedge funds have recently bought and sold shares of the business. Clifford Capital Partners LLC acquired a new stake in Delek US during the third quarter valued at approximately $7,504,000. JPMorgan Chase & Co. boosted its stake in shares of Delek US by 76.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 482,169 shares of the oil and gas company’s stock worth $9,041,000 after acquiring an additional 209,474 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Delek US by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 766,807 shares of the oil and gas company’s stock worth $14,186,000 after acquiring an additional 45,017 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Delek US by 4.5% during the third quarter. Geode Capital Management LLC now owns 1,459,301 shares of the oil and gas company’s stock worth $27,368,000 after purchasing an additional 63,502 shares during the period. Finally, Summit Trail Advisors LLC purchased a new stake in shares of Delek US during the fourth quarter valued at $565,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Stock Performance

Shares of DK opened at $15.66 on Friday. The stock has a market capitalization of $978.83 million, a PE ratio of -3.22 and a beta of 1.14. The business’s fifty day moving average price is $17.03 and its 200 day moving average price is $17.86. 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 has a 12-month low of $13.40 and a 12-month high of $33.60.

Delek US (NYSE:DK) last posted its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the business posted ($1.46) earnings per share. The company’s quarterly revenue was down 39.8% compared to the same quarter last year. Equities research analysts forecast that Delek US will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date was Monday, March 3rd. Delek US’s dividend payout ratio is currently -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.