Mizuho Has Lowered Expectations for Delek US (NYSE:DK) Stock Price

Delek US (NYSE:DK) had its price target lowered by Mizuho from $25.00 to $22.00 in a research report released on Wednesday,Benzinga reports. The firm currently has a neutral rating on the oil and gas company’s stock.

DK has been the topic of several other research reports. Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Morgan Stanley decreased their price target on shares of Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a research report on Friday, March 14th. JPMorgan Chase & Co. lifted their price target on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Piper Sandler reduced their price objective on Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Finally, Wells Fargo & Company lifted their target price on Delek US from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday, March 21st. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.93.

Delek US Trading Up 3.3 %

NYSE:DK opened at $12.48 on Wednesday. The company has a 50 day simple moving average of $15.72 and a two-hundred day simple moving average of $17.33. The company has a market cap of $779.97 million, a PE ratio of -2.57 and a beta of 1.04. 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 has a 12 month low of $11.03 and a 12 month high of $32.09.

Delek US (NYSE:DK) last issued 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). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the previous year, the firm earned ($1.46) EPS. The business’s revenue was down 39.8% on a year-over-year basis. Research analysts forecast that Delek US will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.02 annualized dividend and a dividend yield of 8.18%. Delek US’s dividend payout ratio (DPR) is -11.54%.

Insider Activity at Delek US

In other Delek US news, CFO Mark Wayne Hobbs purchased 2,800 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were bought at an average price of $13.70 per share, with a total value of $38,360.00. Following the completion of the purchase, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60. This trade represents a 6.04 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders bought 5,055 shares of company stock valued at $70,787. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Delek US

A number of institutional investors and hedge funds have recently made changes to their positions in DK. Sterling Capital Management LLC lifted its holdings in shares of Delek US by 728.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock valued at $28,000 after acquiring an additional 1,311 shares during the last quarter. GAMMA Investing LLC raised its position in Delek US by 907.0% during the first quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 3,746 shares during the period. KBC Group NV lifted its stake in shares of Delek US by 66.3% in the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after purchasing an additional 1,538 shares during the last quarter. ARS Investment Partners LLC purchased a new position in shares of Delek US in the 4th quarter worth approximately $185,000. Finally, Abel Hall LLC purchased a new position in shares of Delek US in the 4th quarter worth approximately $196,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

About Delek US

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.