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

Delek US Holdings, Inc. (NYSE:DK) has earned a consensus rating of “Reduce” from the eleven ratings firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $21.00.

DK has been the topic of a number of research reports. Morgan Stanley dropped their target price on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, September 16th. Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Piper Sandler lowered their target price on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, September 20th. Scotiabank cut their price target on Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Finally, StockNews.com cut Delek US from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st.

Delek US Stock Performance

Delek US stock opened at $18.97 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The firm has a market cap of $1.20 billion, a P/E ratio of -3.90 and a beta of 1.22. Delek US has a 1-year low of $15.36 and a 1-year high of $33.60. The firm has a 50-day moving average of $18.03 and a 200-day moving average of $19.57.

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, topping the consensus estimate of ($1.71) by $0.26. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.23 billion. During the same period last year, the company posted $2.02 EPS. The company’s quarterly revenue was down 34.3% compared to the same quarter last year. Sell-side analysts expect that Delek US will post -4.38 EPS for the current year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.255 per share. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.38%. Delek US’s dividend payout ratio is currently -20.99%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in shares of Delek US in the 2nd quarter worth $43,000. Farther Finance Advisors LLC raised its stake in shares of Delek US by 24.2% in the third 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 during the period. Capstone Investment Advisors LLC bought a new position in shares of Delek US in the third quarter worth about $193,000. MQS Management LLC bought a new position in shares of Delek US during the 3rd quarter valued at approximately $201,000. Finally, Chesapeake Capital Corp IL bought a new position in shares of Delek US during the 2nd quarter valued at approximately $223,000. 97.01% of the stock is currently owned by institutional investors.

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.