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

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) has earned an average rating of "Reduce" from the eleven analysts that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $17.48.

Several research analysts recently commented on the company. Morgan Stanley lowered their target price on Delek US from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. Scotiabank cut their target price on shares of Delek US from $24.00 to $14.00 and set a "sector perform" rating on the stock in a research note on Friday, April 11th. Piper Sandler decreased their price target on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Wolfe Research raised shares of Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company decreased their price objective on shares of Delek US from $16.00 to $11.00 and set an "underweight" rating for the company in a research report on Wednesday.

Insider Activity

In related news, CFO Mark Wayne Hobbs purchased 2,800 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $13.70 per share, with a total value of $38,360.00. Following the purchase, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60. This trade represents a 6.04 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have bought a total of 5,055 shares of company stock valued at $70,787 over the last quarter. Corporate insiders own 1.90% of the company's stock.

Hedge Funds Weigh In On Delek US

Several hedge funds have recently bought and sold shares of DK. Rafferty Asset Management LLC increased its position in shares of Delek US by 0.7% in the fourth quarter. Rafferty Asset Management LLC now owns 114,701 shares of the oil and gas company's stock valued at $2,122,000 after buying an additional 797 shares in the last quarter. Sei Investments Co. increased its holdings in Delek US by 2.3% during the 4th quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company's stock valued at $973,000 after acquiring an additional 1,192 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Delek US by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,088 shares of the oil and gas company's stock worth $668,000 after acquiring an additional 1,227 shares during the last quarter. Orion Portfolio Solutions LLC lifted its holdings in shares of Delek US by 7.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company's stock valued at $342,000 after purchasing an additional 1,292 shares in the last quarter. Finally, Sterling Capital Management LLC grew its position in shares of Delek US by 728.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock valued at $28,000 after purchasing an additional 1,311 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Trading Up 5.8 %

NYSE DK traded up $0.70 during trading on Wednesday, hitting $12.87. The stock had a trading volume of 1,192,238 shares, compared to its average volume of 1,216,839. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The company has a market capitalization of $804.67 million, a PE ratio of -2.65 and a beta of 1.04. The firm has a 50 day moving average price of $15.06 and a 200 day moving average price of $17.09. Delek US has a twelve month low of $11.03 and a twelve month high of $30.13.

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

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were given a $0.255 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 7.92%. Delek US's dividend payout ratio (DPR) is -11.54%.

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.