Delek US (NYSE:DK) Given New $23.00 Price Target at Raymond James Financial

Delek US (NYSE:DK - Get Free Report) had its target price upped by analysts at Raymond James Financial from $22.00 to $23.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the oil and gas company's stock. Raymond James Financial's price target suggests a potential upside of 8.39% from the stock's current price.

DK has been the subject of a number of other reports. 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 report on Friday, May 23rd. Mizuho upgraded shares of Delek US from a "neutral" rating to an "outperform" rating and lifted their price objective for the company from $22.00 to $23.00 in a report on Tuesday, May 13th. Piper Sandler cut their target price on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Morgan Stanley raised their price target on shares of Delek US from $14.00 to $15.00 and gave the company an "underweight" rating in a research report on Monday, May 19th. Finally, Scotiabank dropped their price target on shares of Delek US from $24.00 to $14.00 and set a "sector perform" rating for the company in a research note on Friday, April 11th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Delek US has an average rating of "Hold" and an average price target of $17.60.

Delek US Trading Up 0.1%

Shares of NYSE:DK traded up $0.03 during midday trading on Monday, reaching $21.22. 1,134,785 shares of the company's stock were exchanged, compared to its average volume of 1,368,863. The firm's 50 day simple moving average is $17.89 and its two-hundred day simple moving average is $17.02. Delek US has a fifty-two week low of $11.03 and a fifty-two week high of $25.68. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.85 and a quick ratio of 0.53. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of -1.91 and a beta of 0.96.

Delek US (NYSE:DK - Get Free Report) last posted its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share for the quarter, missing the consensus estimate of ($2.27) by ($0.05). Delek US had a negative net margin of 6.10% and a negative return on equity of 63.88%. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the business posted ($0.41) EPS. The firm's revenue for the quarter was down 18.1% on a year-over-year basis. As a group, sell-side analysts forecast 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 the business. T. Rowe Price Investment Management Inc. acquired a new position in Delek US in the first quarter valued at $13,728,000. Nuveen LLC purchased a new stake in Delek US in the first quarter valued at approximately $13,629,000. Millennium Management LLC boosted its holdings in shares of Delek US by 1,199.2% in the fourth quarter. Millennium Management LLC now owns 870,257 shares of the oil and gas company's stock valued at $16,100,000 after acquiring an additional 803,274 shares during the period. Deprince Race & Zollo Inc. purchased a new position in shares of Delek US during the fourth quarter worth approximately $13,680,000. Finally, Callodine Capital Management LP grew its position in shares of Delek US by 1,827.6% during the first quarter. Callodine Capital Management LP now owns 674,661 shares of the oil and gas company's stock worth $10,167,000 after acquiring an additional 639,661 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

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.