Delek US (NYSE:DK) PT Lowered to $18.00

Delek US (NYSE:DK) had its price objective reduced by TD Cowen from $19.00 to $18.00 in a research note released on Thursday, MarketBeat.com reports. TD Cowen currently has a sell rating on the oil and gas company’s stock.

DK has been the subject of a number of other reports. Wells Fargo & Company dropped their price target on shares of Delek US from $25.00 to $20.00 and set an underweight rating for the company in a research report on Tuesday, July 16th. Mizuho cut their target price on Delek US from $31.00 to $27.00 and set an underperform rating for the company in a research report on Thursday, June 20th. Piper Sandler reduced their target price on Delek US from $30.00 to $25.00 and set a neutral rating on the stock in a report on Friday, June 14th. Scotiabank dropped their price target on Delek US from $27.00 to $25.00 and set a sector perform rating for the company in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Delek US from $25.00 to $23.00 and set an underweight rating on the stock in a research note on Tuesday, July 2nd. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average target price of $25.30.

Delek US Stock Up 2.0 %

DK stock opened at $20.68 on Thursday. Delek US has a fifty-two week low of $19.33 and a fifty-two week high of $33.60. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.04 and a quick ratio of 0.64. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of -16.68 and a beta of 1.19. The business’s fifty day moving average price is $23.38 and its two-hundred day moving average price is $26.60.

Delek US (NYSE:DK) last released its quarterly 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. Delek US had a negative net margin of 0.48% and a positive return on equity of 7.37%. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the firm earned $1.00 earnings per share. Delek US’s revenue for the quarter was down 18.4% compared to the same quarter last year. On average, equities analysts anticipate that Delek US will post -2.83 earnings per share for the current year.

Delek US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Monday, August 12th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, August 12th. This is a positive change from Delek US’s previous quarterly dividend of $0.20. This represents a $1.02 annualized dividend and a dividend yield of 4.93%. Delek US’s payout ratio is -82.26%.

Insider Buying and Selling

In other news, Director Richard J. Marcogliese purchased 2,750 shares of the business’s stock in a transaction dated Wednesday, June 12th. The shares were purchased at an average cost of $23.99 per share, with a total value of $65,972.50. Following the completion of the purchase, the director now owns 42,863 shares of the company’s stock, valued at approximately $1,028,283.37. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 2,104 shares of company stock worth $50,348 in the last three months. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Delek US

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in shares of Delek US by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,139,059 shares of the oil and gas company’s stock valued at $106,790,000 after purchasing an additional 59,537 shares during the period. River Road Asset Management LLC raised its stake in Delek US by 510.1% during the 4th quarter. River Road Asset Management LLC now owns 3,747,111 shares of the oil and gas company’s stock worth $96,675,000 after buying an additional 3,132,971 shares during the period. International Assets Investment Management LLC boosted its holdings in Delek US by 2,421.9% in the fourth quarter. International Assets Investment Management LLC now owns 937,785 shares of the oil and gas company’s stock worth $24,195,000 after acquiring an additional 900,600 shares in the last quarter. SIR Capital Management L.P. grew its stake in Delek US by 37.2% in the second quarter. SIR Capital Management L.P. now owns 876,133 shares of the oil and gas company’s stock valued at $21,693,000 after acquiring an additional 237,734 shares during the period. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Delek US by 3.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 777,576 shares of the oil and gas company’s stock valued at $20,061,000 after acquiring an additional 23,509 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.