Brokerages Set Delek US Holdings, Inc. (NYSE:DK) Target Price at $21.00

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) has been assigned an average recommendation of "Reduce" from the eleven brokerages that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.00.

A number of research firms have recently issued reports on DK. Mizuho cut their price objective on shares of Delek US from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. increased their target price on Delek US from $21.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. StockNews.com downgraded shares of Delek US from a "hold" rating to a "sell" rating in a research report on Saturday, September 21st. Wolfe Research raised Delek US from an "underperform" rating to a "peer perform" rating in a report on Friday. Finally, 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.

Institutional Investors Weigh In On Delek US

Several hedge funds and other institutional investors have recently modified their holdings of the stock. F M Investments LLC increased its holdings 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 worth $3,275,000 after acquiring an additional 807 shares during the period. Thoroughbred Financial Services LLC increased its stake 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 acquiring an additional 1,246 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Delek US by 4.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,415 shares of the oil and gas company's stock valued at $827,000 after acquiring an additional 1,282 shares during the last quarter. Orion Portfolio Solutions LLC grew 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 worth $342,000 after purchasing an additional 1,292 shares in the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in Delek US by 5.1% in the third quarter. Wedge Capital Management L L P NC now owns 29,363 shares of the oil and gas company's stock valued at $551,000 after purchasing an additional 1,419 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Delek US Trading Down 1.8 %

Shares of DK traded down $0.34 during trading hours on Monday, hitting $18.28. 1,069,112 shares of the stock were exchanged, compared to its average volume of 1,116,137. Delek US has a fifty-two week low of $15.36 and a fifty-two week high of $33.60. The business has a 50-day moving average of $17.79 and a 200-day moving average of $19.78. The firm has a market capitalization of $1.16 billion, a P/E ratio of -3.76 and a beta of 1.22. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67.

Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.71) by $0.26. The company had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm's revenue was down 34.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.02 EPS. On average, research analysts expect that Delek US will post -4.4 EPS for the current year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.58%. Delek US's payout ratio is -20.99%.

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.