Delek US (NYSE:DK) Price Target Cut to $13.25 by Analysts at UBS Group

Delek US (NYSE:DK) had its target price reduced by UBS Group from $21.00 to $13.25 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the oil and gas company’s stock.

DK has been the subject of a number of other reports. Morgan Stanley decreased their price target on Delek US from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday, March 14th. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Mizuho reduced their price target on shares of Delek US from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Wednesday. Raymond James decreased their price objective on shares of Delek US from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Piper Sandler dropped their target price on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.66.

Delek US Trading Down 8.6 %

NYSE:DK traded down $1.13 during midday trading on Wednesday, hitting $11.98. 730,793 shares of the company traded hands, compared to its average volume of 1,502,499. The firm has a market capitalization of $748.91 million, a P/E ratio of -2.47 and a beta of 1.04. The firm’s fifty day moving average is $15.98 and its 200-day moving average is $17.42. Delek US has a 12-month low of $11.02 and a 12-month high of $32.09. 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 announced its 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 firm had revenue of $2.37 billion during 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 revenue was down 39.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.46) EPS. On average, sell-side analysts predict that Delek US will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 8.51%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US’s dividend payout ratio (DPR) is currently -11.54%.

Insider Activity at Delek US

In other Delek US news, CFO Mark Wayne Hobbs purchased 2,800 shares of Delek US stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $13.70 per share, with a total value of $38,360.00. Following the completion of the transaction, the chief financial officer now owns 49,138 shares in the company, valued at approximately $673,190.60. This trade represents a 6.04 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 5,055 shares of company stock valued at $70,787 over the last quarter. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Delek US

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Street Corp grew its stake in shares of Delek US by 8.0% during 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 acquiring an additional 223,110 shares during the last quarter. XTX Topco Ltd acquired a new position in Delek US during the 3rd quarter valued at approximately $238,000. Orion Portfolio Solutions LLC raised its holdings in shares of 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 worth $342,000 after buying an additional 1,292 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its stake in shares of Delek US by 123.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 42,125 shares of the oil and gas company’s stock worth $790,000 after buying an additional 23,298 shares during the period. Finally, Barclays PLC increased its position in shares of Delek US by 51.5% in the 3rd quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company’s stock valued at $28,065,000 after acquiring an additional 508,719 shares during the period. 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.