Delek US Holdings, Inc. (NYSE:DK) Given Average Recommendation of “Reduce” by Analysts

Shares of Delek US Holdings, Inc. (NYSE:DK) have been assigned an average recommendation of “Reduce” from the twelve research firms that are covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $22.00.

DK has been the topic of several analyst reports. Mizuho raised Delek US from an “underperform” rating to a “neutral” rating and lowered their price objective for the company from $28.00 to $26.00 in a research report on Monday, September 16th. Scotiabank dropped their price objective on Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Piper Sandler decreased their target price on Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, September 20th. JPMorgan Chase & Co. dropped 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. Finally, StockNews.com cut shares of Delek US from a “hold” rating to a “sell” rating in a report on Saturday, September 21st.

Insider Transactions at Delek US

In related news, CEO Avigal Soreq acquired 5,651 shares of Delek US stock in a transaction dated Friday, August 9th. The stock was purchased at an average cost of $20.42 per share, for a total transaction of $115,393.42. Following the purchase, the chief executive officer now directly owns 188,881 shares of the company’s stock, valued at approximately $3,856,950.02. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Delek US

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DK. Quarry LP purchased a new stake in Delek US in the 2nd quarter worth $43,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of Delek US during the first quarter worth about $172,000. Farther Finance Advisors LLC boosted its stake in Delek US by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 1,508 shares during the period. Bailard Inc. purchased a new stake in Delek US during the 2nd quarter valued at approximately $201,000. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Delek US during the first quarter valued at approximately $265,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Price Performance

Shares of DK opened at $16.02 on Wednesday. Delek US has a fifty-two week low of $15.95 and a fifty-two week high of $33.60. The firm’s 50-day simple moving average is $19.06 and its two-hundred day simple moving average is $22.92. The stock has a market cap of $1.03 billion, a PE ratio of -12.92 and a beta of 1.13. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.58 and a current ratio of 0.98.

Delek US (NYSE:DK) last released its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) EPS for the quarter, topping analysts’ consensus estimates of ($1.42) by $0.50. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The company’s quarterly revenue was down 18.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 earnings per share. Analysts anticipate that Delek US will post -3.79 earnings per share for the current fiscal year.

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.