Brokerages Set Delek US Holdings, Inc. (NYSE:DK) Price Target at $20.60

Key Points

• Delek US Holdings has received a consensus recommendation of "Reduce" from thirteen brokerages, with an average 12-month price target of $20.60.
• The company's stock recently traded at $22.68, showing a slight increase of 0.4% during mid-day trading, while its 1-year low is $11.02 and high is $27.07.
• Delek US reported a loss of ($2.32) earnings per share for the last quarter, which was below analysts' expectations, alongside a revenue of $2.64 billion.

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) has earned a consensus recommendation of "Reduce" from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $20.60.

A number of brokerages recently weighed in on DK. Wells Fargo & Company increased their price target on shares of Delek US from $11.00 to $15.00 and gave the stock an "underweight" rating in a research note on Wednesday, June 11th. Piper Sandler raised their target price on shares of Delek US from $17.00 to $27.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group raised their target price on shares of Delek US from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Morgan Stanley raised their target price on shares of Delek US from $15.00 to $19.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 16th. Finally, UBS Group reduced their price objective on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a research note on Wednesday, April 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DK. Rafferty Asset Management LLC boosted its stake in Delek US by 0.7% during the 4th quarter. Rafferty Asset Management LLC now owns 114,701 shares of the oil and gas company's stock valued at $2,122,000 after acquiring an additional 797 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in Delek US by 3.2% during the 2nd quarter. SummerHaven Investment Management LLC now owns 35,575 shares of the oil and gas company's stock valued at $753,000 after acquiring an additional 1,095 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Delek US by 3.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company's stock valued at $560,000 after acquiring an additional 1,102 shares during the last quarter. CWM LLC boosted its stake in Delek US by 100.9% during 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. Finally, Sei Investments Co. lifted its position in shares of Delek US by 2.3% in the 4th quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company's stock worth $973,000 after buying an additional 1,192 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Delek US Stock Up 2.2%

Shares of Delek US stock traded up $0.50 during trading hours on Friday, hitting $23.19. The company had a trading volume of 297,735 shares, compared to its average volume of 1,597,402. The company's 50-day moving average is $21.69 and its two-hundred day moving average is $17.96. Delek US has a twelve month low of $11.02 and a twelve month high of $27.07. 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 market cap of $1.41 billion, a P/E ratio of -2.09 and a beta of 0.98.

Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share for the quarter, missing the consensus estimate of ($2.27) by ($0.05). The firm 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%. Delek US's revenue was down 18.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.41) earnings per share. Analysts anticipate that Delek US will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Shareholders 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 4.40%. Delek US's dividend payout ratio is currently -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.