Delek US Holdings, Inc. (NYSE:DK) Receives $21.10 Average Price Target from Analysts

Shares of Delek US Holdings, Inc. (NYSE:DK) have earned a consensus rating of “Reduce” from the eleven research firms that are covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $21.10.

A number of equities analysts have issued reports on DK shares. Morgan Stanley lowered their price target on Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Monday, September 16th. Wells Fargo & Company decreased their target price on Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research report on Monday, December 9th. Piper Sandler cut their price target on shares of 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 cut shares of Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th.

Institutional Investors Weigh In On Delek US

A number of institutional investors have recently made changes to their positions in the stock. Quarry LP acquired a new position in Delek US during the 2nd quarter worth about $43,000. Farther Finance Advisors LLC increased its stake in Delek US by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after buying an additional 1,508 shares during the period. Bailard Inc. purchased a new stake in Delek US during the 2nd quarter worth approximately $201,000. Chesapeake Capital Corp IL acquired a new stake in Delek US during the 2nd quarter worth approximately $223,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Delek US during the second quarter worth $223,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Trading Down 0.6 %

Shares of Delek US stock opened at $17.45 on Thursday. The stock has a market cap of $1.10 billion, a PE ratio of -3.59 and a beta of 1.22. The firm has a fifty day moving average price of $18.02 and a 200 day moving average price of $20.60. Delek US has a 1 year low of $15.36 and a 1 year high of $33.60. 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 announced its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same period last year, the business earned $2.02 earnings per share. Delek US’s quarterly revenue was down 34.3% on a year-over-year basis. Equities research analysts predict that Delek US will post -4.4 earnings per share for the current year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 5.85%. The ex-dividend date was Tuesday, November 12th. Delek US’s dividend payout ratio (DPR) is presently -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.