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

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) has earned an average recommendation of "Reduce" from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $17.60.

A number of brokerages recently issued reports on DK. The Goldman Sachs Group raised their price objective on Delek US from $15.00 to $17.00 and gave the stock a "neutral" rating in a research report on Friday, May 23rd. Morgan Stanley upped their price objective on shares of Delek US from $14.00 to $15.00 and gave the stock an "underweight" rating in a report on Monday, May 19th. Raymond James Financial lowered their price objective on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Piper Sandler cut their target price on Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Finally, Scotiabank lowered their price target on Delek US from $24.00 to $14.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th.

Delek US Stock Up 0.4%

Shares of NYSE DK opened at $21.19 on Monday. The company has a market capitalization of $1.29 billion, a P/E ratio of -1.91 and a beta of 0.96. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.85 and a quick ratio of 0.53. The company has a 50 day simple moving average of $17.89 and a 200-day simple moving average of $17.02. Delek US has a 1 year low of $11.03 and a 1 year high of $25.68.

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

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were paid a dividend of $0.255 per share. The ex-dividend date was Monday, May 12th. This represents a $1.02 annualized dividend and a yield of 4.81%. Delek US's payout ratio is -9.18%.

Institutional Trading of Delek US

Large investors have recently made changes to their positions in the company. Sterling Capital Management LLC raised its stake in Delek US by 728.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock valued at $28,000 after buying an additional 1,311 shares in the last quarter. CWM LLC increased its holdings in shares of Delek US by 100.9% in the 1st quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 1,164 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in shares of Delek US during the 1st quarter worth about $47,000. GAMMA Investing LLC lifted its stake in Delek US by 907.0% during the first quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company's stock worth $63,000 after purchasing an additional 3,746 shares during the last quarter. Finally, State of Wyoming acquired a new position in Delek US in the first quarter valued at approximately $95,000. 97.01% of the stock is currently owned by hedge funds and other 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.

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