Delek US Holdings, Inc. (NYSE:DK) Given Consensus Rating of “Reduce” by Brokerages

Delek US Holdings, Inc. (NYSE:DK) has earned an average recommendation of “Reduce” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $21.00.

Several equities research analysts have weighed in on the company. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Wells Fargo & Company cut their target price on Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Monday, December 9th. JPMorgan Chase & Co. upped their target price on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Scotiabank cut their target price on Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, October 10th. Finally, Bank of America started coverage on Delek US in a research note on Thursday, October 17th. They set an “underperform” rating and a $15.00 target price for the company.

Delek US Trading Down 1.8 %

Shares of NYSE:DK opened at $18.93 on Friday. The company has a market capitalization of $1.20 billion, a P/E ratio of -3.89 and a beta of 1.20. Delek US has a 1 year low of $15.36 and a 1 year high of $33.60. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The business’s 50 day simple moving average is $18.32 and its 200 day simple moving average is $19.05.

Delek US (NYSE:DK) last released its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, topping the consensus estimate of ($1.71) by $0.26. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the prior year, the company earned $2.02 earnings per share. The company’s quarterly revenue was down 34.3% on a year-over-year basis. On average, research analysts anticipate that Delek US will post -5.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Clifford Capital Partners LLC bought a new position in Delek US during the 3rd quarter worth $7,504,000. JPMorgan Chase & Co. raised its position in Delek US by 76.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 482,169 shares of the oil and gas company’s stock worth $9,041,000 after purchasing an additional 209,474 shares during the last quarter. International Assets Investment Management LLC raised its position in Delek US by 1,753.2% during the 3rd quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company’s stock worth $12,160,000 after purchasing an additional 613,514 shares during the last quarter. Geode Capital Management LLC raised its position in Delek US by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,459,301 shares of the oil and gas company’s stock worth $27,368,000 after purchasing an additional 63,502 shares during the last quarter. Finally, DRW Securities LLC bought a new position in Delek US during the 3rd quarter worth $1,782,000. 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.