Wells Fargo & Company Issues Positive Forecast for Delek US (NYSE:DK) Stock Price

Delek US (NYSE:DK) had its price target lifted by Wells Fargo & Company from $15.00 to $16.00 in a report published on Friday,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the oil and gas company’s stock.

DK has been the topic of a number of other research reports. 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. Morgan Stanley lowered their price target on Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Piper Sandler lowered their target price on Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their price target on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Five equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.40.

Delek US Stock Performance

Shares of DK opened at $16.98 on Friday. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -3.49 and a beta of 1.14. The business’s fifty day simple moving average is $17.43 and its two-hundred day simple moving average is $17.99. Delek US has a 12 month low of $13.40 and a 12 month high of $33.60. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK) last released its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) 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%. The company’s quarterly revenue was down 39.8% on a year-over-year basis. During the same period last year, the business earned ($1.46) earnings per share. Research analysts anticipate that Delek US will post -5.5 earnings per share for the current fiscal year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 6.01%. The ex-dividend date was Monday, March 3rd. Delek US’s dividend payout ratio is -11.54%.

Insider Buying and Selling at Delek US

In other Delek US news, CFO Mark Wayne Hobbs bought 2,800 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the transaction, the chief financial officer now owns 49,138 shares of the company’s stock, valued at $673,190.60. This trade represents a 6.04 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought 5,055 shares of company stock valued at $70,787 over the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lansforsakringar Fondforvaltning AB publ bought a new position in shares of Delek US during the 4th quarter valued at about $3,982,000. Mackenzie Financial Corp boosted its stake in Delek US by 67.8% during the fourth quarter. Mackenzie Financial Corp now owns 39,617 shares of the oil and gas company’s stock valued at $733,000 after buying an additional 16,009 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in Delek US during the 4th quarter valued at approximately $363,000. Public Employees Retirement System of Ohio bought a new stake in Delek US in the 4th quarter worth approximately $780,000. Finally, GTS Securities LLC purchased a new stake in shares of Delek US during the 4th quarter worth approximately $390,000. 97.01% of the stock is currently owned by 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.