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

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) has received a consensus rating of "Reduce" from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.00.

A number of equities research analysts have issued reports on the stock. StockNews.com cut shares of Delek US from a "hold" rating to a "sell" rating in a report on Saturday, September 21st. Wells Fargo & Company cut their price objective on Delek US from $21.00 to $18.00 and set an "underweight" rating for the company in a research report on Wednesday, October 9th. Bank of America assumed coverage on Delek US in a report on Thursday, October 17th. They issued an "underperform" rating and a $15.00 price target on the stock. Scotiabank decreased their target price on Delek US from $25.00 to $22.00 and set a "sector perform" rating for the company in a research report on Thursday, October 10th. Finally, TD Cowen lowered their target price on Delek US from $19.00 to $18.00 and set a "sell" rating for the company in a research note on Thursday, August 8th.

Institutional Investors Weigh In On Delek US

Hedge funds have recently added to or reduced their stakes in the business. Sei Investments Co. raised its holdings in Delek US by 44.1% in the 1st quarter. Sei Investments Co. now owns 176,442 shares of the oil and gas company's stock valued at $5,424,000 after acquiring an additional 53,957 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Delek US during the 2nd quarter worth about $19,806,000. Easterly Investment Partners LLC increased its holdings in shares of Delek US by 26.7% during the second quarter. Easterly Investment Partners LLC now owns 457,536 shares of the oil and gas company's stock valued at $11,329,000 after acquiring an additional 96,531 shares in the last quarter. Acadian Asset Management LLC lifted its position in Delek US by 627.2% in the 1st quarter. Acadian Asset Management LLC now owns 266,663 shares of the oil and gas company's stock valued at $8,191,000 after acquiring an additional 229,992 shares in the last quarter. Finally, Burney Co. bought a new stake in Delek US during the second quarter worth $1,111,000. Institutional investors and hedge funds own 97.01% of the company's stock.

Delek US Stock Performance

Shares of DK stock opened at $18.65 on Friday. Delek US has a 12-month low of $15.36 and a 12-month high of $33.60. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -3.84 and a beta of 1.15. The business has a 50 day simple moving average of $18.32 and a 200 day simple moving average of $21.89. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.58.

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

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th will be paid a $0.255 dividend. The ex-dividend date is Tuesday, November 12th. This represents a $1.02 annualized dividend and a yield of 5.47%. Delek US's dividend payout ratio is -20.99%.

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.