UBS Group Boosts Delek US (NYSE:DK) Price Target to $29.00

Key Points

• UBS Group has raised its price target for Delek US from $24.00 to $29.00, indicating a potential upside of 1.23% from its current price, while maintaining a "neutral" rating.
• Despite UBS's optimism, other analysts have mixed ratings, with two "Buy," seven "Hold," and five "Sell" ratings, resulting in an average target price of $21.67.
• Delek US reported a quarterly EPS of ($0.56), which surpassed analysts' expectations, even as revenue dropped 16.4% compared to the previous year, totaling $2.76 billion.

Delek US (NYSE:DK - Free Report) had its price target hoisted by UBS Group from $24.00 to $29.00 in a report released on Tuesday,Benzinga reports. The firm currently has a neutral rating on the oil and gas company's stock.

Other analysts have also recently issued reports about the company. Cowen reiterated a "sell" rating on shares of Delek US in a research note on Friday, August 8th. Mizuho raised shares of Delek US from a "neutral" rating to an "outperform" rating and raised their price objective for the stock from $22.00 to $23.00 in a research report on Tuesday, May 13th. Piper Sandler increased their target price on Delek US from $17.00 to $27.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 22nd. The Goldman Sachs Group lifted their price target on Delek US from $15.00 to $17.00 and gave the stock a "neutral" rating in a research note on Friday, May 23rd. Finally, Citigroup reissued a "neutral" rating and set a $30.00 price objective (up previously from $15.00) on shares of Delek US in a research note on Wednesday, July 16th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $23.77.

Delek US Trading Up 0.2%

NYSE:DK traded up $0.05 on Tuesday, reaching $31.96. The company's stock had a trading volume of 1,809,128 shares, compared to its average volume of 2,361,931. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 10.48. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of -2.60 and a beta of 1.09. The stock has a 50 day moving average price of $24.03 and a 200 day moving average price of $19.01. Delek US has a 12-month low of $11.02 and a 12-month high of $32.48.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.92) by $0.36. Delek US had a negative net margin of 7.11% and a negative return on equity of 79.27%. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the previous year, the firm earned ($0.92) EPS. The business's revenue was down 16.4% on a year-over-year basis. On average, equities analysts anticipate that Delek US will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 11th were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.02 annualized dividend and a yield of 3.2%. Delek US's payout ratio is -8.30%.

Insider Activity at Delek US

In related news, CFO Robert G. Wright sold 7,135 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $29.24, for a total value of $208,627.40. Following the completion of the transaction, the chief financial officer owned 48,294 shares of the company's stock, valued at approximately $1,412,116.56. This represents a 12.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Delek US

Several hedge funds and other institutional investors have recently modified their holdings of the stock. CWM LLC lifted its position in shares of Delek US by 100.9% during the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 1,164 shares during the last quarter. AlphaQuest LLC raised its stake in Delek US by 7,331.8% during the second quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company's stock valued at $35,000 after buying an additional 1,613 shares in the last quarter. Creative Financial Designs Inc. ADV bought a new position in Delek US during the 1st quarter worth approximately $47,000. GAMMA Investing LLC grew its position in shares of Delek US by 907.0% in the 1st quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company's stock worth $63,000 after acquiring an additional 3,746 shares in the last quarter. Finally, State of Wyoming bought a new stake in shares of Delek US in the 1st quarter valued at approximately $95,000. 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.