Delek US Holdings, Inc. (NYSE:DK) Receives $21.00 Consensus Target Price from Brokerages

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) has been given a consensus rating of "Reduce" by the ten ratings firms that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $21.00.

A number of equities analysts recently commented on DK shares. Wells Fargo & Company decreased their target price on shares of Delek US from $18.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, December 9th. JPMorgan Chase & Co. boosted their target price on Delek US from $21.00 to $22.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Bank of America initiated coverage on Delek US in a research report on Thursday, October 17th. They set an "underperform" rating and a $15.00 price target on the stock. Mizuho lowered their price objective on Delek US from $26.00 to $25.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Finally, Scotiabank cut their target price on shares of Delek US from $25.00 to $22.00 and set a "sector perform" rating on the stock in a report on Thursday, October 10th.

Delek US Price Performance

NYSE DK traded up $0.22 on Friday, hitting $18.08. The stock had a trading volume of 754,274 shares, compared to its average volume of 1,040,280. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of -3.72 and a beta of 1.20. Delek US has a 52-week low of $15.36 and a 52-week high of $33.60. The firm has a 50-day moving average of $18.33 and a 200-day moving average of $19.09. 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 (NYSE:DK - Get Free Report) last announced its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same period in the previous year, the business posted $2.02 earnings per share. Delek US's revenue for the quarter was down 34.3% on a year-over-year basis. Equities analysts expect that Delek US will post -5.5 EPS for the current year.

Institutional Trading of Delek US

Several institutional investors and hedge funds have recently bought and sold shares of the stock. River Road Asset Management LLC increased its stake in shares of Delek US by 1.1% in the 3rd quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company's stock worth $76,880,000 after acquiring an additional 45,949 shares in the last quarter. Victory Capital Management Inc. raised its stake in Delek US by 17.2% during the third quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company's stock valued at $61,492,000 after buying an additional 480,614 shares during the last quarter. State Street Corp boosted its holdings in Delek US by 8.0% in the third quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company's stock worth $56,612,000 after acquiring an additional 223,110 shares in the last quarter. Rubric Capital Management LP bought a new position in shares of Delek US during the third quarter valued at $37,500,000. Finally, FMR LLC raised its position in shares of Delek US by 47.3% in the 3rd quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company's stock worth $32,021,000 after purchasing an additional 548,777 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.