Brokerages Set Delek US Holdings, Inc. (NYSE:DK) PT at $21.10

Delek US Holdings, Inc. (NYSE:DK) has been assigned a consensus recommendation of “Reduce” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $21.00.

DK has been the subject of several recent analyst reports. Morgan Stanley lowered their target price on Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, September 16th. Piper Sandler cut their target price on Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. JPMorgan Chase & Co. raised their price target on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Mizuho cut their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Scotiabank reduced their price objective on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th.

Delek US Stock Down 5.4 %

Delek US stock opened at $16.50 on Thursday. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of -3.40 and a beta of 1.22. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US has a fifty-two week low of $15.36 and a fifty-two week high of $33.60. The stock’s fifty day moving average is $17.94 and its two-hundred day moving average is $20.50.

Delek US (NYSE:DK) last announced its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.71) by $0.26. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter last year, the business earned $2.02 earnings per share. Delek US’s revenue was down 34.3% compared to the same quarter last year. Analysts predict that Delek US will post -4.4 EPS for the current fiscal year.

Delek US Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 6.18%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s dividend payout ratio (DPR) is presently -20.99%.

Institutional Investors Weigh In On Delek US

Institutional investors and hedge funds have recently bought and sold shares of the business. SummerHaven Investment Management LLC boosted its holdings in shares of Delek US by 1.8% during the second quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company’s stock valued at $813,000 after acquiring an additional 580 shares during the period. F M Investments LLC boosted its stake in Delek US by 0.5% during the 3rd quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company’s stock valued at $3,275,000 after purchasing an additional 807 shares during the period. Thoroughbred Financial Services LLC grew its position in Delek US by 2.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 50,394 shares of the oil and gas company’s stock worth $1,247,000 after purchasing an additional 1,246 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Delek US by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 33,415 shares of the oil and gas company’s stock valued at $827,000 after purchasing an additional 1,282 shares during the period. Finally, Orion Portfolio Solutions LLC raised its holdings in shares of Delek US by 7.6% during the third quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company’s stock valued at $342,000 after buying an additional 1,292 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.