Brokerages Set Delek US Holdings, Inc. (NYSE:DK) Target Price at $21.00

Delek US Holdings, Inc. (NYSE:DK) has earned a consensus recommendation of “Reduce” from the eleven analysts that are currently covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $21.00.

A number of equities research analysts have recently commented on DK shares. Wells Fargo & Company dropped 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. Bank of America started coverage on Delek US in a research report on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price objective for the company. JPMorgan Chase & Co. upped their target price on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Morgan Stanley dropped 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. Finally, Mizuho reduced their price objective 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.

Institutional Investors Weigh In On Delek US

Several institutional investors and hedge funds have recently modified their holdings of DK. F M Investments LLC boosted its position in Delek US by 0.5% in the 3rd quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company’s stock valued at $3,275,000 after buying an additional 807 shares during the period. Thoroughbred Financial Services LLC raised its stake in shares of Delek US by 2.5% in the second quarter. Thoroughbred Financial Services LLC now owns 50,394 shares of the oil and gas company’s stock valued at $1,247,000 after acquiring an additional 1,246 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Delek US by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 33,415 shares of the oil and gas company’s stock valued at $827,000 after acquiring an additional 1,282 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in Delek US by 7.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company’s stock valued at $342,000 after purchasing an additional 1,292 shares during the period. Finally, Wedge Capital Management L L P NC grew its stake in Delek US by 5.1% during the 3rd quarter. Wedge Capital Management L L P NC now owns 29,363 shares of the oil and gas company’s stock worth $551,000 after purchasing an additional 1,419 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Stock Performance

DK opened at $18.37 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. Delek US has a 12-month low of $15.36 and a 12-month high of $33.60. The firm has a 50 day moving average of $17.91 and a two-hundred day moving average of $19.69. The firm has a market capitalization of $1.16 billion, a PE ratio of -3.78 and a beta of 1.22.

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, topping 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 for the quarter, compared to the consensus estimate of $3.23 billion. During the same period last year, the firm earned $2.02 EPS. The firm’s revenue for the quarter was down 34.3% compared to the same quarter last year. On average, analysts anticipate that Delek US will post -4.4 EPS for the current year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a dividend of $0.255 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.55%. Delek US’s payout ratio is currently -20.99%.

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.