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

Delek US (NYSE:DK) had its price objective lowered by Wells Fargo & Company from $17.00 to $15.00 in a report published on Wednesday,Benzinga reports. The firm currently has an underweight rating on the oil and gas company’s stock.

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

Delek US Stock Performance

NYSE DK opened at $15.14 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. Delek US has a twelve month low of $15.09 and a twelve month high of $33.60. The business has a 50-day moving average price of $18.16 and a 200-day moving average price of $18.59. The firm has a market cap of $956.77 million, a price-to-earnings ratio of -3.12 and a beta of 1.20.

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

Delek US Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. River Road Asset Management LLC boosted its position in Delek US by 1.1% in the 3rd quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company’s stock valued at $76,880,000 after buying an additional 45,949 shares during the period. Ion Asset Management Ltd. raised its stake in shares of Delek US by 16.5% during the fourth quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company’s stock valued at $63,918,000 after acquiring an additional 488,509 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Delek US by 17.2% in the third quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock valued at $61,492,000 after purchasing an additional 480,614 shares during the period. State Street Corp grew its stake in Delek US by 8.0% in the third quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company’s stock worth $56,612,000 after purchasing an additional 223,110 shares in the last quarter. Finally, Rubric Capital Management LP purchased a new position in Delek US during the 3rd quarter worth $37,500,000. 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.