Delek US (NYSE:DK - Free Report) had its price target lifted by Wells Fargo & Company from $11.00 to $15.00 in a research note published on Wednesday,Benzinga reports. The firm currently has an underweight rating on the oil and gas company's stock.
Several other equities research analysts also recently weighed in on the stock. UBS Group dropped their target price on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. The Goldman Sachs Group raised their target price on Delek US from $15.00 to $17.00 and gave the company a "neutral" rating in a research note on Friday, May 23rd. Piper Sandler dropped their target price on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Morgan Stanley lifted their target price on Delek US from $14.00 to $15.00 and gave the stock an "underweight" rating in a report on Monday, May 19th. Finally, Scotiabank decreased their price objective on Delek US from $24.00 to $14.00 and set a "sector perform" rating for the company in a research report on Friday, April 11th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $17.60.
Check Out Our Latest Research Report on Delek US
Delek US Price Performance
DK stock traded down $0.12 during trading on Wednesday, hitting $20.18. The stock had a trading volume of 270,110 shares, compared to its average volume of 1,319,311. The company's 50 day moving average price is $15.77 and its two-hundred day moving average price is $16.85. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -4.15 and a beta of 0.96. Delek US has a 1-year low of $11.03 and a 1-year high of $25.68.
Delek US (NYSE:DK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the business posted ($0.41) EPS. Delek US's revenue was down 18.1% compared to the same quarter last year. On average, sell-side analysts forecast that Delek US will post -5.5 EPS for the current fiscal year.
Delek US Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date was Monday, May 12th. Delek US's dividend payout ratio is presently -9.18%.
Hedge Funds Weigh In On Delek US
A number of hedge funds have recently added to or reduced their stakes in the stock. T. Rowe Price Investment Management Inc. acquired a new stake in shares of Delek US in the 1st quarter valued at approximately $13,728,000. Nuveen LLC bought a new position in shares of Delek US in the 1st quarter valued at $13,629,000. Millennium Management LLC increased its holdings in Delek US by 1,199.2% in the 4th quarter. Millennium Management LLC now owns 870,257 shares of the oil and gas company's stock worth $16,100,000 after purchasing an additional 803,274 shares in the last quarter. Deprince Race & Zollo Inc. bought a new position in Delek US in the 4th quarter valued at approximately $13,680,000. Finally, Callodine Capital Management LP increased its position in Delek US by 1,827.6% in the 1st quarter. Callodine Capital Management LP now owns 674,661 shares of the oil and gas company's stock valued at $10,167,000 after acquiring an additional 639,661 shares during the period. Institutional investors own 97.01% of the company's stock.
Delek US Company Profile
(
Get Free Report)
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.
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