Wells Fargo & Company Has Lowered Expectations for Delek US (NYSE:DK) Stock Price

Delek US (NYSE:DK) had its price objective cut by equities research analysts at Wells Fargo & Company from $16.00 to $11.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the oil and gas company’s stock. Wells Fargo & Company‘s target price points to a potential downside of 12.11% from the company’s current price.

Several other equities analysts have also commented on the company. Mizuho dropped their target price on Delek US from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Piper Sandler reduced their price objective on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Morgan Stanley lowered their target price on Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Raymond James decreased their price objective on Delek US from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Finally, Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Five 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.48.

Delek US Price Performance

Shares of NYSE:DK traded up $0.38 during midday trading on Wednesday, hitting $12.52. The company’s stock had a trading volume of 128,422 shares, compared to its average volume of 1,204,895. Delek US has a 12-month low of $11.03 and a 12-month high of $30.85. The company has a market cap of $782.35 million, a P/E ratio of -2.58 and a beta of 1.04. 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 business’s 50 day simple moving average is $15.45 and its 200 day simple moving average is $17.24.

Delek US (NYSE:DK) last announced its quarterly earnings results 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 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 revenue for the quarter was down 39.8% on a year-over-year basis. During the same period last year, the company earned ($1.46) EPS. On average, analysts forecast that Delek US will post -5.5 EPS for the current year.

Insider Transactions at Delek US

In related news, CFO Mark Wayne Hobbs bought 2,800 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were purchased 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 owns 49,138 shares of the company’s stock, valued at $673,190.60. This represents a 6.04 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have acquired 5,055 shares of company stock valued at $70,787 in the last three months. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Delek US

Large investors have recently made changes to their positions in the stock. Sterling Capital Management LLC increased its stake in 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 buying an additional 1,311 shares during the last quarter. KBC Group NV lifted its holdings in Delek US by 66.3% during the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock worth $71,000 after purchasing an additional 1,538 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Delek US by 907.0% in the 1st 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. Farther Finance Advisors LLC grew its holdings in shares of Delek US by 77.4% during the 1st quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 3,105 shares in the last quarter. Finally, ARS Investment Partners LLC acquired a new position in shares of Delek US in the 4th quarter valued at approximately $185,000. Institutional investors own 97.01% of the company’s stock.

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.