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

Delek US Holdings, Inc. (NYSE:DK) has received a consensus rating of “Reduce” from the ten brokerages that are presently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $21.00.

A number of analysts recently weighed in on DK shares. Bank of America began coverage on Delek US in a research report on Thursday, October 17th. They issued an “underperform” rating and a $15.00 target price for the company. Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. JPMorgan Chase & Co. increased their target price 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. Mizuho lowered their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, Wells Fargo & Company reduced their price objective on Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, December 9th.

Delek US Stock Performance

NYSE DK opened at $18.32 on Friday. The company’s 50 day simple moving average is $18.35 and its two-hundred day simple moving average is $19.17. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. Delek US has a 1 year low of $15.36 and a 1 year high of $33.60. The stock has a market capitalization of $1.16 billion, a PE ratio of -3.77 and a beta of 1.22.

Delek US (NYSE:DK) last released its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share 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 analysts’ expectations of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company’s revenue was down 34.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.02 EPS. Analysts predict that Delek US will post -5.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Delek US

Institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its stake in shares of Delek US by 53.7% in the second quarter. Envestnet Asset Management Inc. now owns 80,782 shares of the oil and gas company’s stock worth $2,000,000 after buying an additional 28,216 shares in the last quarter. AQR Capital Management LLC lifted its position in Delek US by 67.6% in the 2nd quarter. AQR Capital Management LLC now owns 35,456 shares of the oil and gas company’s stock valued at $878,000 after acquiring an additional 14,297 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Delek US by 4.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,415 shares of the oil and gas company’s stock valued at $827,000 after purchasing an additional 1,282 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Delek US by 60.1% in the 2nd quarter. Mackenzie Financial Corp now owns 22,356 shares of the oil and gas company’s stock worth $554,000 after purchasing an additional 8,392 shares in the last quarter. Finally, Creative Planning raised its stake in shares of Delek US by 126.8% in the second quarter. Creative Planning now owns 19,135 shares of the oil and gas company’s stock worth $474,000 after purchasing an additional 10,697 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other 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.