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 received a consensus recommendation of "Reduce" from the twelve analysts that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $22.00.

A number of equities research analysts have issued reports on DK shares. StockNews.com lowered shares of Delek US from a "hold" rating to a "sell" rating in a report on Saturday, September 21st. JPMorgan Chase & Co. reduced their price target on shares of Delek US from $26.00 to $19.00 and set a "neutral" rating on the stock in a report on Wednesday, October 2nd. Morgan Stanley dropped their price objective on shares of Delek US from $24.00 to $22.00 and set an "underweight" rating for the company in a report on Monday, September 16th. 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. Finally, Wolfe Research initiated coverage on Delek US in a research report on Thursday, July 18th. They issued an "underperform" rating and a $19.00 target price on the stock.

Insider Activity

In related news, CEO Avigal Soreq purchased 5,651 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was bought at an average cost of $20.42 per share, for a total transaction of $115,393.42. Following the completion of the transaction, the chief executive officer now directly owns 188,881 shares in the company, valued at $3,856,950.02. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.80% of the company's stock.

Hedge Funds Weigh In On Delek US

Hedge funds have recently added to or reduced their stakes in the company. Encompass Capital Advisors LLC bought a new stake in Delek US in the second quarter worth about $22,833,000. SIR Capital Management L.P. lifted its stake in shares of Delek US by 37.2% during the 2nd quarter. SIR Capital Management L.P. now owns 876,133 shares of the oil and gas company's stock worth $21,693,000 after acquiring an additional 237,734 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in Delek US during the 2nd quarter valued at $19,806,000. International Assets Investment Management LLC grew its position in Delek US by 1,753.2% in the 3rd quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company's stock valued at $12,160,000 after acquiring an additional 613,514 shares during the last quarter. Finally, Easterly Investment Partners LLC grew its position in Delek US by 26.7% in the 2nd 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 during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Delek US Price Performance

Shares of DK stock traded down $0.55 on Wednesday, hitting $16.58. 1,073,742 shares of the stock traded hands, compared to its average volume of 1,059,436. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.98 and a quick ratio of 0.58. Delek US has a 52 week low of $16.46 and a 52 week high of $33.60. The firm has a 50 day simple moving average of $19.44 and a two-hundred day simple moving average of $23.40. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -13.37 and a beta of 1.13.

Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.92) EPS for the quarter, beating the consensus estimate of ($1.42) by $0.50. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the business earned $1.00 earnings per share. The business's revenue was down 18.4% on a year-over-year basis. As a group, equities research analysts predict that Delek US will post -3.79 earnings per share for the current fiscal year.

Delek US Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 6.15%. This is a positive change from Delek US's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, August 12th. Delek US's dividend payout ratio (DPR) is presently -82.26%.

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.