Delek US Holdings, Inc. (NYSE:DK) Receives Average Rating of "Reduce" from Analysts

Shares of Delek US Holdings, Inc. (NYSE:DK - Get Free Report) have been given an average rating of "Reduce" by the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $20.60.

A number of research firms recently issued reports on DK. The Goldman Sachs Group raised their price objective on shares of Delek US from $15.00 to $17.00 and gave the stock a "neutral" rating in a report 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. Wells Fargo & Company raised their target price 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. Citigroup restated a "neutral" rating and set a $30.00 target price (up previously from $15.00) on shares of Delek US in a research note on Wednesday, July 16th. Finally, Scotiabank restated a "sector perform" rating and set a $20.00 target price (up previously from $14.00) on shares of Delek US in a research note on Friday, July 11th.

Delek US Trading Up 0.4%

NYSE DK traded up $0.09 during trading on Friday, hitting $22.68. The company had a trading volume of 2,176,160 shares, compared to its average volume of 1,702,387. The company has a current ratio of 0.85, a quick ratio of 0.53 and a debt-to-equity ratio of 7.05. Delek US has a one year low of $11.02 and a one year high of $27.07. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -2.04 and a beta of 0.98. The company's fifty day moving average is $21.69 and its 200-day moving average is $17.97.

Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The oil and gas company reported ($2.32) EPS for the quarter, missing the consensus estimate of ($2.27) by ($0.05). The firm had revenue of $2.64 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period last year, the company posted ($0.41) earnings per share. On average, sell-side analysts predict that Delek US will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The company also recently declared 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. This represents a $1.02 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend was Monday, May 12th. Delek US's payout ratio is presently -9.18%.

Hedge Funds Weigh In On Delek US

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DK. Rafferty Asset Management LLC raised its position in Delek US by 0.7% in the 4th quarter. Rafferty Asset Management LLC now owns 114,701 shares of the oil and gas company's stock worth $2,122,000 after purchasing an additional 797 shares during the period. SummerHaven Investment Management LLC grew its stake in shares of Delek US by 3.2% during the second quarter. SummerHaven Investment Management LLC now owns 35,575 shares of the oil and gas company's stock valued at $753,000 after buying an additional 1,095 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Delek US by 3.1% during the first 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 buying an additional 1,102 shares during the last quarter. CWM LLC grew its stake in shares of Delek US by 100.9% during the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock valued at $35,000 after buying an additional 1,164 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Delek US by 2.3% during the fourth quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company's stock valued at $973,000 after buying an additional 1,192 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

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.