Delek US Holdings, Inc. (NYSE:DK) Receives $21.00 Consensus Price Target from Analysts

Shares of Delek US Holdings, Inc. (NYSE:DK) have been given an average rating of “Reduce” by the eleven ratings firms that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $21.00.

Several equities research analysts have recently weighed in on DK shares. Piper Sandler cut their target price on Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. StockNews.com downgraded shares of Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Wells Fargo & Company lowered their target price on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Monday, December 9th. Bank of America initiated coverage on shares of Delek US in a research note on Thursday, October 17th. They set an “underperform” rating and a $15.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price objective on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th.

Delek US Trading Up 0.1 %

Shares of NYSE:DK opened at $18.37 on Monday. Delek US has a 52 week low of $15.36 and a 52 week high of $33.60. The company’s 50 day moving average is $17.91 and its two-hundred day moving average is $19.69. The company has a market cap of $1.16 billion, a PE ratio of -3.78 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) last posted its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating the consensus estimate of ($1.71) by $0.26. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. Delek US’s revenue for the quarter was down 34.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.02 earnings per share. Equities 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 declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date was Tuesday, November 12th. Delek US’s dividend payout ratio is currently -20.99%.

Institutional Investors Weigh In On Delek US

Large investors have recently modified their holdings of the stock. Quarry LP acquired a new stake in Delek US in the second quarter valued at about $43,000. Farther Finance Advisors LLC raised its stake in shares of Delek US by 24.2% during the 3rd 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 in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Delek US in the 3rd quarter valued at approximately $193,000. MQS Management LLC purchased a new stake in shares of Delek US in the third quarter valued at approximately $201,000. Finally, Chesapeake Capital Corp IL acquired a new position in Delek US during the second quarter worth $223,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.