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

Key Points

• Delek US Holdings has received a consensus recommendation of "Reduce" from fourteen research firms, with five rating it as a sell.
• The company reported a negative earnings per share of ($0.56) for the last quarter, surpassing analysts' expectations, but had a 16.4% decline in revenue year-over-year.
• Delek US recently announced a quarterly dividend of $0.255 per share, resulting in an annual yield of 4.5%.

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) has earned a consensus recommendation of "Reduce" from the fourteen research firms that are currently covering the firm, MarketBeat.com reports. Five investment 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 twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $20.3542.

Several equities research analysts have recently commented on the company. Mizuho raised Delek US from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $22.00 to $23.00 in a report on Tuesday, May 13th. Morgan Stanley increased their price objective on Delek US from $15.00 to $19.00 and gave the company an "underweight" rating in a report on Wednesday, July 16th. Piper Sandler increased their price objective on Delek US from $17.00 to $27.00 and gave the company a "neutral" rating in a report on Tuesday, July 22nd. Cowen reissued a "sell" rating on shares of Delek US in a report on Friday, August 8th. Finally, The Goldman Sachs Group raised their price target on Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a report on Friday, May 23rd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. AMG National Trust Bank increased its position in shares of Delek US by 0.4% in the second quarter. AMG National Trust Bank now owns 109,223 shares of the oil and gas company's stock worth $2,313,000 after purchasing an additional 472 shares during the period. Orion Porfolio Solutions LLC increased its position in shares of Delek US by 2.2% in the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company's stock worth $492,000 after purchasing an additional 507 shares during the period. Police & Firemen s Retirement System of New Jersey increased its position in shares of Delek US by 5.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 13,546 shares of the oil and gas company's stock worth $287,000 after purchasing an additional 686 shares during the period. Rafferty Asset Management LLC increased its position in shares of Delek US by 0.7% in the fourth 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. Finally, CANADA LIFE ASSURANCE Co grew its position in Delek US by 8.8% in the second quarter. CANADA LIFE ASSURANCE Co now owns 11,782 shares of the oil and gas company's stock valued at $250,000 after acquiring an additional 955 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Delek US Price Performance

NYSE DK opened at $22.88 on Tuesday. The business has a 50 day simple moving average of $22.49 and a 200 day simple moving average of $18.25. Delek US has a 52-week low of $11.02 and a 52-week high of $27.07. The company has a debt-to-equity ratio of 10.48, a quick ratio of 0.50 and a current ratio of 0.80. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -1.86 and a beta of 1.00.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share for the quarter, topping the consensus estimate of ($0.92) by $0.36. The company had revenue of $2.76 billion during the quarter, compared to analysts' expectations of $2.68 billion. Delek US had a negative net margin of 7.11% and a negative return on equity of 79.27%. The business's quarterly revenue was down 16.4% on a year-over-year basis. During the same period last year, the business earned ($0.92) EPS. Analysts anticipate that Delek US will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were given a dividend of $0.255 per share. The ex-dividend date was Monday, August 11th. This represents a $1.02 annualized dividend and a yield of 4.5%. Delek US's dividend payout ratio (DPR) is presently -8.30%.

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.

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