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

Delek US Holdings, Inc. (NYSE:DK) has earned an average rating of “Reduce” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. Five analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $24.6923.

Several brokerages have recently commented on DK. Citigroup restated a “neutral” rating and issued a $30.00 target price (up previously from $15.00) on shares of Delek US in a research note on Wednesday, July 16th. Bank of America boosted their target price on shares of Delek US from $14.00 to $24.00 and gave the company an “underperform” rating in a research note on Wednesday, September 3rd. UBS Group upped their price target on shares of Delek US from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 2nd. Scotiabank reiterated a “sector perform” rating and set a $20.00 price target (up previously from $14.00) on shares of Delek US in a research report on Friday, July 11th. Finally, Wolfe Research upgraded shares of Delek US from a “peer perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Wednesday, September 3rd.

Delek US Stock Down 2.8%

Shares of NYSE:DK opened at $27.88 on Friday. Delek US has a 52 week low of $11.02 and a 52 week high of $32.61. The company has a debt-to-equity ratio of 10.48, a quick ratio of 0.50 and a current ratio of 0.80. The company’s fifty day moving average is $24.95 and its 200-day moving average is $19.54. The company has a market capitalization of $1.68 billion, a PE ratio of -2.27 and a beta of 1.09.

Delek US (NYSE:DK) last issued its earnings results on Wednesday, August 6th. The oil and gas company reported ($0.56) EPS for the quarter, beating the consensus estimate of ($0.92) by $0.36. Delek US had a negative net margin of 7.11% and a negative return on equity of 79.27%. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the company earned ($0.92) EPS. The firm’s revenue for the quarter was down 16.4% compared to the same quarter last year. Equities research analysts predict that Delek US will post -5.5 earnings per share for the current fiscal year.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 11th were given a dividend of $0.255 per share. The ex-dividend date was Monday, August 11th. This represents a $1.02 annualized dividend and a yield of 3.7%. Delek US’s dividend payout ratio is -8.30%.

Insider Transactions at Delek US

In related news, CFO Robert G. Wright sold 7,135 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $29.24, for a total transaction of $208,627.40. Following the transaction, the chief financial officer owned 48,294 shares in the company, valued at $1,412,116.56. This represents a 12.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Delek US

Several institutional investors and hedge funds have recently added to or reduced their stakes in DK. T. Rowe Price Investment Management Inc. bought a new stake in Delek US during the 1st quarter worth about $13,728,000. Nuveen LLC bought a new stake in Delek US during the 1st quarter worth about $13,629,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Delek US by 113.5% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,601,777 shares of the oil and gas company’s stock worth $33,926,000 after purchasing an additional 851,458 shares during the last quarter. Millennium Management LLC raised its holdings in Delek US by 1,199.2% during the 4th quarter. Millennium Management LLC now owns 870,257 shares of the oil and gas company’s stock worth $16,100,000 after purchasing an additional 803,274 shares during the last quarter. Finally, Callodine Capital Management LP raised its holdings in Delek US by 1,827.6% during the 1st quarter. Callodine Capital Management LP now owns 674,661 shares of the oil and gas company’s stock worth $10,167,000 after purchasing an additional 639,661 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

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.