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

Shares of Delek US Holdings, Inc. (NYSE:DK) have been given a consensus rating of “Reduce” by the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $21.00.

A number of equities analysts have recently issued reports on the company. Scotiabank dropped their price target on Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Morgan Stanley cut their price target on Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, September 16th. Bank of America began coverage on shares of Delek US in a research note on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price objective on the stock. Mizuho upgraded shares of Delek US from an “underperform” rating to a “neutral” rating and cut their target price for the company from $28.00 to $26.00 in a research report on Monday, September 16th. Finally, Wells Fargo & Company decreased their price target on shares of Delek US from $21.00 to $18.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 9th.

Delek US Trading Up 1.1 %

Delek US stock opened at $18.60 on Friday. Delek US has a one year low of $15.36 and a one year high of $33.60. The business’s fifty day moving average is $18.24 and its 200 day moving average is $21.55. 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 stock has a market capitalization of $1.18 billion, a PE ratio of -3.83 and a beta of 1.15.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, beating the consensus estimate of ($1.71) by $0.26. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. 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 previous year, the company earned $2.02 earnings per share. The firm’s quarterly revenue was down 34.3% on a year-over-year basis. On average, sell-side analysts predict that Delek US will post -4.4 EPS for the current year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.255 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a yield of 5.48%. Delek US’s dividend payout ratio is presently -20.99%.

Institutional Trading of Delek US

Several institutional investors have recently made changes to their positions in the business. SummerHaven Investment Management LLC lifted its holdings in Delek US by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company’s stock worth $813,000 after purchasing an additional 580 shares in the last quarter. Shell Asset Management Co. lifted its holdings in shares of Delek US by 6.8% in the first quarter. Shell Asset Management Co. now owns 9,890 shares of the oil and gas company’s stock worth $304,000 after buying an additional 628 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Delek US by 7.1% in the first quarter. ProShare Advisors LLC now owns 11,412 shares of the oil and gas company’s stock worth $351,000 after buying an additional 754 shares in the last quarter. F M Investments LLC grew its stake in Delek US by 0.5% during the third quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company’s stock valued at $3,275,000 after acquiring an additional 807 shares in the last quarter. Finally, Thoroughbred Financial Services LLC increased its holdings in Delek US by 2.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 50,394 shares of the oil and gas company’s stock valued at $1,247,000 after acquiring an additional 1,246 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.