Delek US Holdings, Inc. (NYSE:DK) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Delek US Holdings, Inc. (NYSE:DK) have been assigned a consensus recommendation of “Reduce” from the ten research firms that are presently covering the company, MarketBeat reports. Four analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $20.90.

Several brokerages recently issued reports on DK. JPMorgan Chase & Co. boosted their price target on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Wells Fargo & Company lowered their price objective on Delek US from $17.00 to $15.00 and set an “underweight” rating on the stock in a research note on Wednesday. Mizuho lowered their price objective on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC boosted its holdings in shares of Delek US by 728.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 1,311 shares in the last quarter. KBC Group NV boosted its holdings in shares of Delek US by 66.3% in the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock worth $71,000 after acquiring an additional 1,538 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Delek US by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after buying an additional 1,508 shares in the last quarter. ARS Investment Partners LLC acquired a new position in Delek US during the 4th quarter worth $185,000. Finally, Capstone Investment Advisors LLC acquired a new position in Delek US during the 3rd quarter worth $193,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Trading Up 2.9 %

Shares of DK opened at $16.31 on Tuesday. Delek US has a 12-month low of $15.02 and a 12-month high of $33.60. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of -3.36 and a beta of 1.20. The stock’s 50-day moving average price is $18.16 and its 200 day moving average price is $18.52.

Delek US (NYSE:DK) last issued its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.53) by ($1.01). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the prior year, the firm earned ($1.46) earnings per share. The company’s revenue was down 39.8% on a year-over-year basis. As a group, research analysts predict that Delek US will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, March 3rd will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 6.25%. The ex-dividend date of this dividend is Monday, March 3rd. Delek US’s payout ratio is currently -11.54%.

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.