Delek US Holdings, Inc. (NYSE:DK) Receives $17.60 Average Target Price from Analysts

Shares of Delek US Holdings, Inc. (NYSE:DK - Get Free Report) have been given an average recommendation of "Reduce" by the twelve research firms that are currently covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $17.60.

Several brokerages have recently issued reports on DK. UBS Group reduced their price target on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company raised their price target on shares of Delek US from $11.00 to $15.00 and gave the company an "underweight" rating in a research note on Wednesday, June 11th. Mizuho upgraded Delek US from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $22.00 to $23.00 in a research report on Tuesday, May 13th. Piper Sandler lowered their price target on Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Finally, The Goldman Sachs Group lifted their price objective on shares of Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DK. Ion Asset Management Ltd. grew its holdings in shares of Delek US by 6.4% in the 1st quarter. Ion Asset Management Ltd. now owns 3,676,400 shares of the oil and gas company's stock worth $55,403,000 after acquiring an additional 221,400 shares during the last quarter. Barclays PLC boosted its position in shares of Delek US by 23.1% in the 4th quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company's stock valued at $34,078,000 after purchasing an additional 345,210 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Delek US by 35.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,037,599 shares of the oil and gas company's stock worth $15,637,000 after purchasing an additional 270,792 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in Delek US by 21.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,005,309 shares of the oil and gas company's stock worth $18,598,000 after buying an additional 180,498 shares during the period. Finally, Northern Trust Corp lifted its stake in Delek US by 9.2% during the first quarter. Northern Trust Corp now owns 987,086 shares of the oil and gas company's stock valued at $14,875,000 after buying an additional 83,246 shares in the last quarter. Institutional investors own 97.01% of the company's stock.

Delek US Stock Down 0.0%

DK stock traded down $0.01 during trading on Monday, reaching $23.13. The stock had a trading volume of 1,213,012 shares, compared to its average volume of 1,375,699. The company has a current ratio of 0.85, a quick ratio of 0.53 and a debt-to-equity ratio of 7.05. The firm has a fifty day moving average price of $18.43 and a 200 day moving average price of $17.12. The company has a market capitalization of $1.40 billion, a P/E ratio of -2.08 and a beta of 0.98. Delek US has a 1-year low of $11.03 and a 1-year high of $24.78.

Delek US (NYSE:DK - Get Free Report) last announced its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.56 billion. Delek US had a negative net margin of 6.10% and a negative return on equity of 63.88%. The business's revenue for the quarter was down 18.1% on a year-over-year basis. During the same period in the previous year, the company earned ($0.41) earnings per share. On average, equities analysts anticipate that Delek US will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend was Monday, May 12th. Delek US's payout ratio is -9.18%.

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.