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

Delek US Holdings, Inc. (NYSE:DK) has earned an average rating of “Reduce” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $17.93.

Several brokerages have commented on DK. Scotiabank dropped their price objective on Delek US from $24.00 to $14.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. Morgan Stanley lowered 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. Wells Fargo & Company increased their target price on shares of Delek US from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, March 21st. Raymond James lowered their price target on shares of Delek US from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Finally, Piper Sandler cut their price objective on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 7th.

Delek US Price Performance

Shares of NYSE:DK opened at $12.13 on Wednesday. Delek US has a twelve month low of $11.03 and a twelve month high of $30.85. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The company has a market cap of $757.97 million, a PE ratio of -2.49 and a beta of 1.04. The company’s 50 day moving average is $15.45 and its 200 day moving average is $17.24.

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

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 8.41%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US’s payout ratio is -11.54%.

Insiders Place Their Bets

In other Delek US news, CFO Mark Wayne Hobbs acquired 2,800 shares of the stock in a transaction on Tuesday, March 11th. The shares were bought at an average cost of $13.70 per share, with a total value of $38,360.00. Following the transaction, the chief financial officer now owns 49,138 shares of the company’s stock, valued at approximately $673,190.60. This trade represents a 6.04 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have bought a total of 5,055 shares of company stock valued at $70,787 over the last quarter. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Delek US

Hedge funds have recently added to or reduced their stakes in the stock. Kawa Capital Management Inc purchased a new position in Delek US in the 4th quarter valued at $4,297,000. JPMorgan Chase & Co. lifted its stake in shares of Delek US by 76.8% in 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 during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of Delek US in the fourth quarter valued at about $528,000. Charles Schwab Investment Management Inc. increased its stake in shares of Delek US by 6.2% during the fourth 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 period. Finally, Geode Capital Management LLC increased its stake 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 acquiring an additional 63,502 shares during the period. 97.01% of the stock is 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.