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

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

A number of other equities analysts have also recently commented on the stock. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Mizuho reduced their target price on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, JPMorgan Chase & Co. increased their price target 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 research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.90.

Delek US Trading Up 2.9 %

Shares of NYSE:DK opened at $16.31 on Wednesday. Delek US has a 52-week low of $15.02 and a 52-week high of $33.60. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The company has a market capitalization of $1.03 billion, a P/E ratio of -3.36 and a beta of 1.20. The company has a 50-day simple moving average of $18.16 and a 200 day simple moving average of $18.54.

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

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, March 3rd will be issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 6.25%. The ex-dividend date of this dividend is Monday, March 3rd. Delek US’s dividend payout ratio is currently -11.54%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Rafferty Asset Management LLC grew its position in Delek US by 0.7% during the fourth quarter. Rafferty Asset Management LLC now owns 114,701 shares of the oil and gas company’s stock worth $2,122,000 after buying an additional 797 shares in the last quarter. F M Investments LLC grew its holdings in shares of Delek US by 0.5% during the 3rd quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company’s stock worth $3,275,000 after purchasing an additional 807 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Delek US by 2.3% during the 4th quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company’s stock worth $973,000 after purchasing an additional 1,192 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Delek US by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,088 shares of the oil and gas company’s stock worth $668,000 after purchasing an additional 1,227 shares during the period. Finally, Orion Portfolio Solutions LLC raised its stake in Delek US by 7.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company’s stock valued at $342,000 after purchasing an additional 1,292 shares in the last quarter. 97.01% of the stock is owned by 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.