Delek US (NYSE:DK) Price Target Increased to $21.00 by Analysts at Wells Fargo & Company

Delek US (NYSE:DK) had its price objective upped by Wells Fargo & Company from $20.00 to $21.00 in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has an underweight rating on the oil and gas company’s stock.

A number of other research analysts have also recently issued reports on DK. Scotiabank reduced their price objective on Delek US from $27.00 to $25.00 and set a sector perform rating on the stock in a research note on Friday, July 12th. Piper Sandler reduced their price objective on Delek US from $30.00 to $25.00 and set a neutral rating on the stock in a research note on Friday, June 14th. Mizuho reduced their price objective on Delek US from $31.00 to $27.00 and set an underperform rating on the stock in a research note on Thursday, June 20th. Wolfe Research initiated coverage on Delek US in a research note on Thursday, July 18th. They issued an underperform rating and a $19.00 target price on the stock. Finally, JPMorgan Chase & Co. cut their target price on Delek US from $25.00 to $23.00 and set an underweight rating on the stock in a research note on Tuesday, July 2nd. Six analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $25.40.

Delek US Stock Down 1.2 %

DK opened at $19.51 on Tuesday. The business’s fifty day simple moving average is $21.80 and its 200 day simple moving average is $25.66. Delek US has a 52 week low of $19.33 and a 52 week high of $33.60. The stock has a market cap of $1.25 billion, a PE ratio of -15.73 and a beta of 1.19. The company has a quick ratio of 0.58, a current ratio of 0.98 and a debt-to-equity ratio of 2.50.

Delek US (NYSE:DK) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.42) by $0.50. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same period last year, the firm earned $1.00 earnings per share. The company’s revenue for the quarter was down 18.4% compared to the same quarter last year. As a group, research analysts expect that Delek US will post -2.87 earnings per share for the current fiscal year.

Delek US Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were issued a $0.255 dividend. The ex-dividend date of this dividend was 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 yield of 5.23%. Delek US’s dividend payout ratio (DPR) is -82.26%.

Insiders Place Their Bets

In related news, Director Richard J. Marcogliese acquired 2,750 shares of the stock in a transaction on Wednesday, June 12th. The stock was acquired at an average cost of $23.99 per share, for a total transaction of $65,972.50. Following the completion of the acquisition, the director now directly owns 42,863 shares of the company’s stock, valued at approximately $1,028,283.37. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Richard J. Marcogliese acquired 2,750 shares of the stock in a transaction on Wednesday, June 12th. The stock was acquired at an average cost of $23.99 per share, for a total transaction of $65,972.50. Following the completion of the acquisition, the director now directly owns 42,863 shares of the company’s stock, valued at approximately $1,028,283.37. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Avigal Soreq acquired 5,651 shares of the stock in a transaction on Friday, August 9th. The stock was bought at an average price of $20.42 per share, with a total value of $115,393.42. Following the completion of the acquisition, the chief executive officer now directly owns 188,881 shares of the company’s stock, valued at $3,856,950.02. The disclosure for this purchase can be found here. Insiders sold 2,854 shares of company stock worth $65,603 over the last three months. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Delek US

Several large investors have recently made changes to their positions in the business. Point72 Asset Management L.P. purchased a new position in shares of Delek US during the second quarter valued at approximately $19,806,000. Quarry LP purchased a new position in shares of Delek US during the second quarter valued at approximately $43,000. Creative Planning lifted its holdings in shares of Delek US by 126.8% during the second quarter. Creative Planning now owns 19,135 shares of the oil and gas company’s stock valued at $474,000 after purchasing an additional 10,697 shares during the last quarter. Algert Global LLC lifted its holdings in shares of Delek US by 71.5% during the second quarter. Algert Global LLC now owns 140,623 shares of the oil and gas company’s stock valued at $3,482,000 after purchasing an additional 58,627 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its holdings in shares of Delek US by 87.0% during the second quarter. Susquehanna Fundamental Investments LLC now owns 125,493 shares of the oil and gas company’s stock valued at $3,107,000 after purchasing an additional 58,394 shares during the last quarter. 97.01% of the stock is currently 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.