Delek US (NYSE:DK) Given New $28.00 Price Target at Raymond James Financial

Delek US (NYSE:DK - Free Report) had its price target raised by Raymond James Financial from $23.00 to $28.00 in a report released on Tuesday,Benzinga reports. Raymond James Financial currently has an outperform rating on the oil and gas company's stock.

A number of other research analysts have also recently commented on the company. 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. Scotiabank reiterated a "sector perform" rating and set a $20.00 price objective (up previously from $14.00) on shares of Delek US in a research note on Friday. UBS Group lowered their price objective on Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a research note on Wednesday, April 9th. Morgan Stanley lifted their price objective on Delek US from $14.00 to $15.00 and gave the company an "underweight" rating in a research note on Monday, May 19th. Finally, Wells Fargo & Company lifted their price objective on Delek US from $11.00 to $15.00 and gave the company an "underweight" rating in a research note on Wednesday, June 11th. Five equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Delek US currently has a consensus rating of "Hold" and an average target price of $18.52.

Delek US Price Performance

Shares of NYSE DK traded down $0.04 during trading hours on Tuesday, reaching $26.17. 1,455,134 shares of the stock traded hands, compared to its average volume of 1,412,781. The company has a market capitalization of $1.59 billion, a P/E ratio of -2.36 and a beta of 0.98. The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 7.05. Delek US has a 52-week low of $11.03 and a 52-week high of $27.07. The company's 50-day simple moving average is $20.47 and its two-hundred day simple moving average is $17.64.

Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.27) by ($0.05). Delek US had a negative return on equity of 63.88% and a negative net margin of 6.10%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the previous year, the business earned ($0.41) earnings per share. Delek US's revenue was down 18.1% compared to the same quarter last year. Equities research analysts forecast that Delek US will post -5.5 EPS for the current year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 19th. Investors of record on Monday, May 12th were paid a $0.255 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.02 dividend on an annualized basis and a yield of 3.90%. Delek US's dividend payout ratio (DPR) is -9.18%.

Hedge Funds Weigh In On Delek US

A number of institutional investors have recently modified their holdings of DK. Charles Schwab Investment Management Inc. grew its position in shares of Delek US by 6.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 766,807 shares of the oil and gas company's stock valued at $14,186,000 after acquiring an additional 45,017 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Delek US during the 4th quarter valued at about $5,100,000. PNC Financial Services Group Inc. grew its position in shares of Delek US by 8.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 19,500 shares of the oil and gas company's stock valued at $361,000 after acquiring an additional 1,464 shares during the period. Swiss National Bank grew its position in shares of Delek US by 1.3% during the 4th quarter. Swiss National Bank now owns 126,891 shares of the oil and gas company's stock valued at $2,347,000 after acquiring an additional 1,600 shares during the period. Finally, Intech Investment Management LLC grew its position in shares of Delek US by 26.5% during the 4th quarter. Intech Investment Management LLC now owns 24,517 shares of the oil and gas company's stock valued at $454,000 after acquiring an additional 5,131 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

Delek US Company Profile

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.