Mizuho Forecasts Strong Price Appreciation for Delek US (NYSE:DK) Stock

Delek US (NYSE:DK) had its price target hoisted by investment analysts at Mizuho from $37.00 to $45.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the oil and gas company’s stock. Mizuho’s price objective would suggest a potential upside of 8.67% from the company’s previous close.

DK has been the subject of several other research reports. Scotiabank increased their price objective on shares of Delek US from $33.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of Delek US in a report on Wednesday, October 8th. Wolfe Research upgraded shares of Delek US from a “peer perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Wednesday, September 3rd. Piper Sandler boosted their price objective on shares of Delek US from $29.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Finally, Morgan Stanley set a $34.00 target price on shares of Delek US and gave the company an “equal weight” rating in a research note on Friday, October 3rd. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.62.

Delek US Trading Down 0.0%

NYSE:DK opened at $41.41 on Tuesday. The company has a debt-to-equity ratio of 10.48, a current ratio of 0.80 and a quick ratio of 0.50. The business’s 50-day simple moving average is $33.91 and its 200-day simple moving average is $25.52. Delek US has a fifty-two week low of $11.02 and a fifty-two week high of $43.50. The stock has a market capitalization of $2.49 billion, a PE ratio of -5.07 and a beta of 0.99.

Delek US (NYSE:DK) last posted its earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. The business had revenue of $2.96 billion during the quarter. Delek US had a negative return on equity of 56.78% and a negative net margin of 4.83%. Sell-side analysts expect that Delek US will post -5.5 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Robert G. Wright sold 7,135 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $29.24, for a total value of $208,627.40. Following the completion of the sale, the chief financial officer owned 48,294 shares of the company’s stock, valued at approximately $1,412,116.56. The trade was a 12.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. CWM LLC raised its position in shares of Delek US by 100.9% in the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 1,164 shares in the last quarter. AlphaQuest LLC raised its holdings in Delek US by 7,331.8% in the 2nd quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company’s stock valued at $35,000 after acquiring an additional 1,613 shares in the last quarter. State of Wyoming bought a new stake in shares of Delek US during the 1st quarter valued at $95,000. Eisler Capital Management Ltd. acquired a new position in Delek US in the first quarter valued at about $172,000. Finally, Cetera Investment Advisers bought a new stake in Delek US during the first quarter worth about $191,000. 97.01% of the stock is owned by 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.