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

Shares of Delek US Holdings, Inc. (NYSE:DKGet Free Report) have received an average recommendation of “Reduce” from the eleven ratings firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $27.00.

Several brokerages have commented on DK. StockNews.com downgraded Delek US from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Piper Sandler lowered their price target on Delek US from $30.00 to $25.00 and set a “neutral” rating on the stock in a report on Friday, June 14th. UBS Group increased their price target on Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Scotiabank increased their price target on Delek US from $25.00 to $27.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Finally, TD Cowen downgraded Delek US from a “hold” rating to a “sell” rating and lowered their price target for the company from $25.00 to $20.00 in a report on Monday, June 10th.

Get Our Latest Research Report on Delek US

Insider Buying and Selling

In other news, Director Richard J. Marcogliese bought 2,750 shares of Delek US stock in a transaction that occurred on Wednesday, June 12th. The stock was purchased at an average cost of $23.99 per share, with a total value of $65,972.50. Following the completion of the transaction, the director now directly owns 42,863 shares in the company, valued at $1,028,283.37. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 2,854 shares of company stock valued at $78,241 over the last ninety days. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DK. River Road Asset Management LLC lifted its holdings in shares of Delek US by 510.1% during the fourth quarter. River Road Asset Management LLC now owns 3,747,111 shares of the oil and gas company’s stock valued at $96,675,000 after acquiring an additional 3,132,971 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Delek US by 2,421.9% during the fourth quarter. International Assets Investment Management LLC now owns 937,785 shares of the oil and gas company’s stock valued at $24,195,000 after acquiring an additional 900,600 shares during the period. Norges Bank bought a new position in shares of Delek US during the fourth quarter valued at $16,341,000. Raymond James & Associates acquired a new stake in shares of Delek US in the fourth quarter valued at $13,295,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Delek US in the third quarter valued at $7,464,000. 97.01% of the stock is owned by institutional investors.

Delek US Price Performance

Shares of DK opened at $24.43 on Thursday. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -19.70 and a beta of 1.28. Delek US has a fifty-two week low of $21.68 and a fifty-two week high of $33.60. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.04 and a quick ratio of 0.64. The business’s 50-day moving average is $26.88 and its 200-day moving average is $27.31.

Delek US (NYSE:DKGet Free Report) last released its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.15. Delek US had a positive return on equity of 7.37% and a negative net margin of 0.48%. The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the prior year, the company posted $1.37 earnings per share. The firm’s revenue was down 17.8% on a year-over-year basis. Equities research analysts expect that Delek US will post 0.88 EPS for the current fiscal year.

Delek US Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 17th were given a $0.25 dividend. This is a boost from Delek US’s previous quarterly dividend of $0.25. This represents a $1.00 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend was Thursday, May 16th. Delek US’s dividend payout ratio (DPR) is -80.65%.

Delek US Company Profile

(Get Free Report

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.

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Analyst Recommendations for Delek US (NYSE:DK)

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