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

Shares of Delek US Holdings, Inc. (NYSE:DK) have been assigned a consensus rating of “Reduce” from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $21.00.

A number of equities analysts recently weighed in on DK shares. Wells Fargo & Company lowered their price objective on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, December 9th. Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Mizuho reduced their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th.

Institutional Investors Weigh In On Delek US

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp raised its stake in Delek US by 67.8% during the 4th quarter. Mackenzie Financial Corp now owns 39,617 shares of the oil and gas company’s stock worth $733,000 after acquiring an additional 16,009 shares in the last quarter. GF Fund Management CO. LTD. acquired a new stake in Delek US during the 4th quarter worth $363,000. Public Employees Retirement System of Ohio acquired a new stake in Delek US during the 4th quarter worth $780,000. GTS Securities LLC acquired a new stake in Delek US during the 4th quarter worth $390,000. Finally, Squarepoint Ops LLC acquired a new stake in Delek US during the 4th quarter worth $856,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Stock Performance

NYSE:DK opened at $16.34 on Tuesday. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The stock has a market capitalization of $1.03 billion, a P/E ratio of -3.36 and a beta of 1.20. The company has a 50 day moving average price of $18.22 and a 200 day moving average price of $18.65. Delek US has a fifty-two week low of $15.36 and a fifty-two week high of $33.60.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, March 3rd will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.02 annualized dividend and a yield of 6.24%. Delek US’s dividend payout ratio is currently -20.99%.

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.