Delek US (NYSE:DK) Price Target Raised to $54.00

Delek US (NYSE:DK) had its price objective increased by Mizuho from $51.00 to $54.00 in a report released on Tuesday,Benzinga reports. They currently have an outperform rating on the oil and gas company’s stock.

DK has been the subject of a number of other reports. UBS Group raised their price objective on shares of Delek US from $31.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. JPMorgan Chase & Co. reduced their price target on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 15th. TD Cowen boosted their price objective on shares of Delek US from $28.00 to $44.00 and gave the stock a “hold” rating in a report on Thursday, March 5th. Citigroup cut their target price on Delek US from $37.00 to $33.00 and set a “neutral” rating on the stock in a research note on Monday, January 26th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Delek US in a report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Delek US currently has a consensus rating of “Hold” and an average target price of $39.69.

Delek US Trading Down 2.1%

NYSE DK opened at $44.46 on Tuesday. Delek US has a 12 month low of $11.02 and a 12 month high of $46.81. The stock has a market cap of $2.66 billion, a P/E ratio of -127.01 and a beta of 0.75. The stock’s fifty day moving average price is $34.61 and its 200-day moving average price is $34.36. The company has a current ratio of 0.82, a quick ratio of 0.53 and a debt-to-equity ratio of 5.89.

Delek US (NYSE:DK) last posted its quarterly earnings results on Friday, February 27th. The oil and gas company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.63. The firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.55 billion. Delek US had a negative return on equity of 13.55% and a negative net margin of 0.21%.Delek US’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($2.54) EPS. As a group, equities analysts forecast that Delek US will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, March 2nd. Delek US’s payout ratio is presently -291.43%.

Insider Activity at Delek US

In related news, EVP Denise Clark Mcwatters sold 11,988 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $41.33, for a total value of $495,464.04. Following the sale, the executive vice president owned 74,196 shares in the company, valued at approximately $3,066,520.68. This trade represents a 13.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Reuven Spiegel sold 20,000 shares of Delek US stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $42.84, for a total transaction of $856,800.00. Following the completion of the sale, the executive vice president directly owned 48,530 shares of the company’s stock, valued at approximately $2,079,025.20. This trade represents a 29.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 159,752 shares of company stock valued at $6,692,131 over the last quarter. 3.56% of the stock is owned by company insiders.

Institutional Trading of Delek US

A number of hedge funds have recently bought and sold shares of DK. Rockefeller Capital Management L.P. lifted its holdings in Delek US by 1,327.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,955 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 1,818 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of Delek US by 350.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,037 shares of the oil and gas company’s stock valued at $60,000 after purchasing an additional 1,585 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Delek US by 28.5% in the 4th quarter. Invesco Ltd. now owns 252,108 shares of the oil and gas company’s stock worth $7,478,000 after purchasing an additional 55,941 shares during the period. Mackenzie Financial Corp lifted its stake in shares of Delek US by 631.7% in the 4th quarter. Mackenzie Financial Corp now owns 54,234 shares of the oil and gas company’s stock worth $1,619,000 after purchasing an additional 46,822 shares during the period. Finally, XTX Topco Ltd boosted its holdings in shares of Delek US by 357.6% in the fourth quarter. XTX Topco Ltd now owns 138,495 shares of the oil and gas company’s stock worth $4,108,000 after buying an additional 108,231 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.