Delek US Holdings, Inc. (NYSE:DK) Receives Consensus Recommendation of "Reduce" from Brokerages

Shares of Delek US Holdings, Inc. (NYSE:DK - Get Free Report) have been given an average recommendation of "Reduce" by the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $20.40.

A number of equities research analysts have recently commented on the company. Morgan Stanley lowered their price objective on Delek US from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Wolfe Research upgraded Delek US from an "underperform" rating to a "peer perform" rating in a report on Friday, January 3rd. 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 report on Monday, December 16th. Piper Sandler lowered their price target on Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Delek US from $21.00 to $22.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th.

Insider Activity

In other news, CFO Mark Wayne Hobbs acquired 2,800 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the transaction, the chief financial officer now owns 49,138 shares in the company, valued at approximately $673,190.60. This trade represents a 6.04 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 5,055 shares of company stock valued at $70,787 over the last three months. Insiders own 1.80% of the company's stock.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DK. Rubric Capital Management LP purchased a new position in Delek US during the 3rd quarter valued at about $37,500,000. Philosophy Capital Management LLC acquired a new stake in shares of Delek US during the 3rd quarter valued at $21,471,000. Millennium Management LLC grew its holdings in shares of Delek US by 1,199.2% during the 4th quarter. Millennium Management LLC now owns 870,257 shares of the oil and gas company's stock valued at $16,100,000 after acquiring an additional 803,274 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new position in shares of Delek US in the fourth quarter worth $13,680,000. Finally, FMR LLC boosted its position in Delek US by 47.3% during the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company's stock valued at $32,021,000 after purchasing an additional 548,777 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Delek US Price Performance

DK stock traded down $0.16 on Friday, reaching $15.93. The company had a trading volume of 1,227,418 shares, compared to its average volume of 1,138,878. The company's fifty day moving average is $17.36 and its 200 day moving average is $17.93. The company has a market cap of $995.83 million, a P/E ratio of -3.28 and a beta of 1.14. 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 has a 1 year low of $13.40 and a 1 year high of $33.60.

Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing analysts' consensus estimates of ($1.53) by ($1.01). The company had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.58 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company's revenue for the quarter was down 39.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.46) EPS. On average, research analysts forecast that Delek US will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 6.40%. The ex-dividend date was Monday, March 3rd. Delek US's dividend payout ratio is presently -11.54%.

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.