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

Delek US Holdings, Inc. (NYSE:DK) has received a consensus rating of “Reduce” from the twelve analysts that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $24.73.

DK has been the topic of a number of research reports. JPMorgan Chase & Co. raised shares of Delek US from an “underweight” rating to a “neutral” rating and raised their price target for the company from $23.00 to $26.00 in a research note on Tuesday, September 10th. Morgan Stanley reduced 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 note on Monday, September 16th. Piper Sandler lowered their target price on Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, September 20th. StockNews.com lowered Delek US from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Finally, Wells Fargo & Company increased their price target on Delek US from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Tuesday, September 3rd.

Insiders Place Their Bets

In other news, CEO Avigal Soreq purchased 5,651 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were acquired at an average price of $20.42 per share, with a total value of $115,393.42. Following the purchase, the chief executive officer now directly owns 188,881 shares of the company’s stock, valued at $3,856,950.02. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.80% of the stock is currently owned by insiders.

Institutional Trading of Delek US

A number of large investors have recently made changes to their positions in DK. Grizzlyrock Capital LLC acquired a new position in shares of Delek US during the 4th quarter valued at about $2,405,000. Heartland Advisors Inc. acquired a new position in Delek US in the first quarter valued at $1,537,000. Rafferty Asset Management LLC grew its position in Delek US by 35.2% during the fourth quarter. Rafferty Asset Management LLC now owns 185,458 shares of the oil and gas company’s stock valued at $4,785,000 after acquiring an additional 48,254 shares during the period. Sei Investments Co. raised its holdings in Delek US by 44.1% in the first quarter. Sei Investments Co. now owns 176,442 shares of the oil and gas company’s stock valued at $5,424,000 after buying an additional 53,957 shares during the period. Finally, Easterly Investment Partners LLC lifted its position in Delek US by 26.7% during the second quarter. Easterly Investment Partners LLC now owns 457,536 shares of the oil and gas company’s stock valued at $11,329,000 after buying an additional 96,531 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Stock Performance

Shares of DK opened at $18.89 on Friday. The stock has a 50-day moving average of $20.72 and a two-hundred day moving average of $24.97. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.58 and a current ratio of 0.98. The stock has a market cap of $1.21 billion, a P/E ratio of -15.23 and a beta of 1.14. Delek US has a one year low of $18.35 and a one year high of $33.60.

Delek US (NYSE:DK) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same period last year, the business earned $1.00 earnings per share. Delek US’s quarterly revenue was down 18.4% on a year-over-year basis. As a group, research analysts predict that Delek US will post -3.19 EPS for the current year.

Delek US Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were paid a $0.255 dividend. This is an increase from Delek US’s previous quarterly dividend of $0.20. This represents a $1.02 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend was Monday, August 12th. Delek US’s dividend payout ratio (DPR) is -82.26%.

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.