Brokerages Set Delek US Holdings, Inc. (NYSE:DK) Target Price at $20.40

Delek US Holdings, Inc. (NYSE:DK) has been assigned an average recommendation of “Reduce” from the ten brokerages that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $20.40.

DK has been the subject of several research reports. Mizuho lowered their target price on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Piper Sandler decreased their price target on Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Wells Fargo & Company boosted their price objective on Delek US from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Friday. Morgan Stanley reduced their target price on shares of Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday, March 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th.

Delek US Stock Down 4.9 %

Shares of NYSE:DK opened at $16.11 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The firm has a market cap of $1.01 billion, a P/E ratio of -3.31 and a beta of 1.14. Delek US has a 12 month low of $13.40 and a 12 month high of $33.60. The company’s 50-day moving average price is $17.36 and its two-hundred day moving average price is $17.93.

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

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 6.33%. The ex-dividend date was Monday, March 3rd. Delek US’s payout ratio is -11.54%.

Insider Buying and Selling at Delek US

In other Delek US news, CFO Mark Wayne Hobbs purchased 2,800 shares of the stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the acquisition, the chief financial officer now directly owns 49,138 shares of the company’s stock, valued at $673,190.60. The trade was a 6.04 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders bought 5,055 shares of company stock valued at $70,787. Corporate insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Delek US

Institutional investors and hedge funds have recently modified their holdings of the business. Rubric Capital Management LP acquired a new stake in Delek US during the 3rd quarter worth approximately $37,500,000. Philosophy Capital Management LLC bought a new stake in shares of Delek US during the third quarter worth $21,471,000. Millennium Management LLC raised its holdings in shares of Delek US by 1,199.2% during the fourth quarter. Millennium Management LLC now owns 870,257 shares of the oil and gas company’s stock worth $16,100,000 after acquiring an additional 803,274 shares during the period. Deprince Race & Zollo Inc. bought a new stake in Delek US in the 4th quarter valued at $13,680,000. Finally, FMR LLC lifted its position in Delek US by 47.3% in the 3rd quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock valued at $32,021,000 after acquiring an additional 548,777 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.