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

Shares of Delek US Holdings, Inc. (NYSE:DK - Get Free Report) have been given an average recommendation of "Reduce" by the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $28.75.

DK has been the topic of a number of research analyst reports. Citigroup initiated coverage on shares of Delek US in a report on Wednesday, January 24th. They issued a "neutral" rating on the stock. Bank of America upped their price objective on shares of Delek US from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Friday, March 15th. Mizuho upped their price objective on shares of Delek US from $26.00 to $30.00 and gave the company an "underperform" rating in a report on Friday, March 22nd. StockNews.com downgraded shares of Delek US from a "buy" rating to a "hold" rating in a report on Thursday, February 29th. Finally, TD Cowen upped their price objective on shares of Delek US from $23.00 to $24.00 and gave the company a "market perform" rating in a report on Wednesday, February 28th.

Insider Activity

In related news, CFO Robert G. Wright sold 2,123 shares of the firm's stock in a transaction on Monday, February 12th. The stock was sold at an average price of $28.50, for a total value of $60,505.50. Following the completion of the sale, the chief financial officer now owns 18,925 shares of the company's stock, valued at $539,362.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders sold 4,976 shares of company stock valued at $135,738. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Delek US

Institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James & Associates bought a new position in shares of Delek US during the fourth quarter valued at $13,295,000. PNC Financial Services Group Inc. increased its holdings in Delek US by 129.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 13,992 shares of the oil and gas company's stock worth $398,000 after buying an additional 7,892 shares in the last quarter. SG Americas Securities LLC bought a new stake in Delek US in the 3rd quarter worth about $295,000. Diversified Trust Co bought a new stake in Delek US in the 4th quarter worth about $241,000. Finally, Clal Insurance Enterprises Holdings Ltd increased its holdings in Delek US by 34.7% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 201,982 shares of the oil and gas company's stock worth $5,738,000 after buying an additional 51,982 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Delek US Stock Up 1.8 %

Shares of NYSE DK traded up $0.59 during trading on Friday, hitting $33.39. The stock had a trading volume of 1,237,400 shares, compared to its average volume of 1,238,224. Delek US has a 12 month low of $19.39 and a 12 month high of $33.60. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.99 and a quick ratio of 0.63. The company has a market capitalization of $2.14 billion, a PE ratio of 151.77 and a beta of 1.32. The firm has a fifty day moving average of $28.30 and a two-hundred day moving average of $27.11.

Delek US (NYSE:DK - Get Free Report) last posted its earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.28) by ($0.18). Delek US had a return on equity of 18.27% and a net margin of 0.12%. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the previous year, the company earned $0.88 EPS. The business's revenue was down 9.6% compared to the same quarter last year. As a group, equities research analysts forecast that Delek US will post 1.42 EPS for the current fiscal year.

Delek US Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, March 1st were paid a dividend of $0.245 per share. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date was Thursday, February 29th. This is a positive change from Delek US's previous quarterly dividend of $0.24. Delek US's dividend payout ratio is 445.45%.

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.