Delek US (NYSE:DK) Price Target Lowered to $15.00 at Wells Fargo & Company

Delek US (NYSE:DK) had its price target lowered by equities researchers at Wells Fargo & Company from $17.00 to $15.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “underweight” rating on the oil and gas company’s stock. Wells Fargo & Company‘s price target points to a potential downside of 5.64% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. raised their target price on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Mizuho reduced their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Five research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.90.

Delek US Stock Performance

NYSE DK opened at $15.90 on Wednesday. The firm’s fifty day moving average price is $18.19 and its two-hundred day moving average price is $18.62. The stock has a market cap of $1.00 billion, a PE ratio of -3.36 and a beta of 1.20. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US has a fifty-two week low of $15.36 and a fifty-two week high of $33.60.

Delek US (NYSE:DK) last posted its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the previous year, the firm earned ($1.46) earnings per share. The company’s revenue was down 39.8% compared to the same quarter last year. On average, equities analysts expect that Delek US will post -5.5 EPS for the current fiscal year.

Institutional Investors Weigh In On Delek US

Several hedge funds and other institutional investors have recently made changes to their positions in DK. Rafferty Asset Management LLC increased its holdings in Delek US by 0.7% during the 4th quarter. Rafferty Asset Management LLC now owns 114,701 shares of the oil and gas company’s stock worth $2,122,000 after purchasing an additional 797 shares in the last quarter. F M Investments LLC boosted its position in shares of Delek US by 0.5% during the third quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company’s stock valued at $3,275,000 after buying an additional 807 shares during the last quarter. Sei Investments Co. grew its holdings in Delek US by 2.3% during the fourth quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company’s stock worth $973,000 after buying an additional 1,192 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Delek US by 3.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,088 shares of the oil and gas company’s stock valued at $668,000 after buying an additional 1,227 shares during the last quarter. Finally, Orion Portfolio Solutions LLC lifted its stake in Delek US by 7.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company’s stock valued at $342,000 after acquiring an additional 1,292 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

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.