Shares of Delek US Holdings, Inc. (NYSE:DK - Get Free Report) have been given a consensus recommendation of "Reduce" by the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $21.10.
Several equities analysts recently weighed in on DK shares. Piper Sandler cut their target price on shares of Delek US from $25.00 to $19.00 and set a "neutral" rating for the company in a research note on Friday, September 20th. Morgan Stanley cut their price target on Delek US from $24.00 to $22.00 and set an "underweight" rating for the company in a report on Monday, September 16th. Scotiabank decreased their price objective on Delek US from $25.00 to $22.00 and set a "sector perform" rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. raised their target price on shares of Delek US from $21.00 to $22.00 and gave the company a "neutral" rating in a report on Tuesday. Finally, StockNews.com downgraded shares of Delek US from a "hold" rating to a "sell" rating in a research note on Saturday, September 21st.
Read Our Latest Research Report on Delek US
Delek US Stock Down 4.2 %
DK traded down $0.77 during trading on Thursday, hitting $17.56. 801,276 shares of the company's stock traded hands, compared to its average volume of 1,072,477. Delek US has a 12-month low of $15.36 and a 12-month high of $33.60. The company's 50 day simple moving average is $18.13 and its two-hundred day simple moving average is $20.73. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -3.63 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18.
Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping the consensus estimate of ($1.71) by $0.26. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the previous year, the company posted $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 earnings per share for the current fiscal year.
Delek US Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were paid a $0.255 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 annualized dividend and a yield of 5.81%. Delek US's dividend payout ratio (DPR) is presently -20.99%.
Institutional Investors Weigh In On Delek US
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new position in shares of Delek US in the 2nd quarter valued at approximately $43,000. Farther Finance Advisors LLC lifted its stake in shares of Delek US by 24.2% during the third 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 during the period. Capstone Investment Advisors LLC purchased a new stake in shares of Delek US during the third quarter valued at $193,000. Bailard Inc. acquired a new position in shares of Delek US in the 2nd quarter valued at $201,000. Finally, MQS Management LLC acquired a new stake in Delek US during the 3rd quarter worth about $201,000. Hedge funds and other institutional investors own 97.01% of the company's stock.
Delek US Company Profile
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Get Free ReportDelek 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.
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