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

Delek US Holdings, Inc. (NYSE:DK) has earned an average rating of “Reduce” from the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $17.27.

A number of analysts recently commented on DK shares. The Goldman Sachs Group increased their price target on Delek US from $15.00 to $17.00 and gave the company a “neutral” rating in a research report on Friday, May 23rd. Scotiabank decreased their price target on Delek US from $24.00 to $14.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. UBS Group decreased their price target on Delek US from $21.00 to $13.25 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company decreased their price target on Delek US from $16.00 to $11.00 and set an “underweight” rating for the company in a research report on Wednesday, April 16th. Finally, Mizuho raised Delek US from a “neutral” rating to an “outperform” rating and increased their price target for the company from $22.00 to $23.00 in a research report on Tuesday, May 13th.

Insider Buying and Selling

In related news, CFO Mark Wayne Hobbs bought 2,800 shares of Delek US stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $13.70 per share, with a total value of $38,360.00. Following the completion of the transaction, the chief financial officer now owns 49,138 shares in the company, valued at $673,190.60. The trade was a 6.04% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought 5,055 shares of company stock valued at $70,787 in the last ninety days. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Delek US

Institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC increased its holdings in Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 1,311 shares during the period. CWM LLC increased its holdings in Delek US by 100.9% during the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 1,164 shares during the period. Creative Financial Designs Inc. ADV purchased a new position in Delek US during the first quarter valued at approximately $47,000. GAMMA Investing LLC increased its holdings in Delek US by 907.0% during the first quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company’s stock valued at $63,000 after buying an additional 3,746 shares during the period. Finally, KBC Group NV increased its holdings in Delek US by 66.3% during the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after buying an additional 1,538 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Trading Down 3.4%

NYSE DK opened at $18.64 on Thursday. The business’s 50-day moving average price is $15.25 and its two-hundred day moving average price is $16.81. Delek US has a 12 month low of $11.03 and a 12 month high of $25.68. The firm has a market capitalization of $1.13 billion, a PE ratio of -3.84 and a beta of 0.74. 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 (NYSE:DK) last announced its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) EPS for the quarter, missing the consensus estimate of ($2.27) by ($0.05). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the company earned ($0.41) EPS. The firm’s revenue for the quarter was down 18.1% on a year-over-year basis. On average, analysts expect that Delek US will post -5.5 EPS for the current year.

Delek US Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date was Monday, May 12th. Delek US’s payout ratio is -9.18%.

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.