Delek US (NYSE:DK) Price Target Lowered to $15.00 at Wells Fargo & Company

Delek US (NYSE:DK) had its target price cut by Wells Fargo & Company from $17.00 to $15.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an underweight rating on the oil and gas company’s stock.

Several other equities analysts have also recently issued reports on DK. JPMorgan Chase & Co. upped their target price on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Mizuho lowered their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Five research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.90.

Delek US Trading Down 7.7 %

Shares of NYSE DK opened at $15.14 on Wednesday. Delek US has a 1 year low of $15.09 and a 1 year high of $33.60. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The firm has a 50-day moving average of $18.16 and a 200 day moving average of $18.59. The stock has a market cap of $956.77 million, a P/E ratio of -3.12 and a beta of 1.20.

Delek US (NYSE:DK) last released its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.53) by ($1.01). The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. Delek US’s revenue for the quarter was down 39.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.46) earnings per share. As a group, sell-side analysts expect that Delek US will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 6.74%. The ex-dividend date of this dividend is Monday, March 3rd. Delek US’s dividend payout ratio is presently -11.54%.

Institutional Investors Weigh In On Delek US

Several hedge funds and other institutional investors have recently modified their holdings of DK. Sterling Capital Management LLC lifted its position in Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock valued at $28,000 after purchasing an additional 1,311 shares in the last quarter. KBC Group NV raised its stake in shares of Delek US by 66.3% in the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock worth $71,000 after buying an additional 1,538 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Delek US by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 1,508 shares in the last quarter. ARS Investment Partners LLC bought a new position in shares of Delek US during the 4th quarter valued at approximately $185,000. Finally, Capstone Investment Advisors LLC purchased a new stake in Delek US in the 3rd quarter worth approximately $193,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.