Delek US (NYSE:DK) PT Lowered to $25.00

Delek US (NYSE:DK - Get Free Report) had its price objective decreased by investment analysts at JPMorgan Chase & Co. from $26.00 to $25.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an "underweight" rating on the oil and gas company's stock. JPMorgan Chase & Co.'s price objective indicates a potential downside of 11.10% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on the company. Wells Fargo & Company lifted their price objective on Delek US from $21.00 to $26.00 and gave the company an "underweight" rating in a research note on Wednesday, March 20th. TD Cowen cut their price target on shares of Delek US from $27.00 to $25.00 and set a "hold" rating on the stock in a research note on Wednesday, May 8th. Piper Sandler reduced their price target on shares of Delek US from $31.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 14th. Citigroup initiated coverage on shares of Delek US in a report on Wednesday, January 24th. They issued a "neutral" rating for the company. Finally, UBS Group increased their target price on shares of Delek US from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, April 4th. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $28.50.

Delek US Trading Down 0.8 %

DK traded down $0.22 on Tuesday, hitting $28.12. The company had a trading volume of 734,677 shares, compared to its average volume of 1,024,155. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 2.40. The firm has a market cap of $1.80 billion, a P/E ratio of -22.68 and a beta of 1.34. The company's fifty day moving average price is $29.56 and its 200 day moving average price is $27.58. Delek US has a 1 year low of $21.39 and a 1 year high of $33.60.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings results on Tuesday, May 7th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.56) by $0.15. The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.28 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 7.37%. The business's revenue was down 17.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.37 EPS. As a group, equities analysts expect that Delek US will post 1.36 earnings per share for the current year.

Institutional Trading of Delek US

Institutional investors have recently bought and sold shares of the business. Yaupon Capital Management LP purchased a new stake in shares of Delek US during the 1st quarter worth approximately $4,157,000. Price T Rowe Associates Inc. MD raised its stake in Delek US by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,605 shares of the oil and gas company's stock worth $1,279,000 after acquiring an additional 1,829 shares in the last quarter. Shell Asset Management Co. lifted its position in Delek US by 6.8% in the first quarter. Shell Asset Management Co. now owns 9,890 shares of the oil and gas company's stock valued at $304,000 after acquiring an additional 628 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Delek US by 627.2% in the first quarter. Acadian Asset Management LLC now owns 266,663 shares of the oil and gas company's stock valued at $8,191,000 after acquiring an additional 229,992 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System grew its holdings in shares of Delek US by 35.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 25,221 shares of the oil and gas company's stock worth $775,000 after purchasing an additional 6,580 shares during the last quarter. 97.01% of the stock is 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.