Delek US (NYSE:DK) Price Target Lowered to $27.00 at Mizuho

Delek US (NYSE:DK) had its price objective decreased by Mizuho from $31.00 to $27.00 in a report published on Thursday morning, Benzinga reports. Mizuho currently has an underperform rating on the oil and gas company’s stock.

A number of other research firms have also commented on DK. JPMorgan Chase & Co. decreased their price objective on Delek US from $26.00 to $25.00 and set an underweight rating on the stock in a research note on Tuesday, May 21st. TD Cowen lowered Delek US from a hold rating to a sell rating and decreased their price objective for the company from $25.00 to $20.00 in a research note on Monday, June 10th. Scotiabank increased their price objective on Delek US from $25.00 to $27.00 and gave the company a sector perform rating in a research note on Thursday, April 11th. UBS Group raised their price target on Delek US from $30.00 to $32.00 and gave the stock a neutral rating in a research note on Thursday, April 4th. Finally, Bank of America raised their price target on Delek US from $30.00 to $32.00 and gave the stock a neutral rating in a research note on Friday, March 15th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Delek US presently has an average rating of Hold and an average price target of $27.00.

Delek US Trading Up 2.8 %

Shares of DK stock opened at $24.31 on Thursday. Delek US has a fifty-two week low of $21.68 and a fifty-two week high of $33.60. The stock has a market cap of $1.56 billion, a P/E ratio of -19.60 and a beta of 1.28. The business has a fifty day simple moving average of $27.16 and a 200-day simple moving average of $27.33. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 2.40.

Delek US (NYSE:DK) last posted its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.15. The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.28 billion. Delek US had a positive return on equity of 7.37% and a negative net margin of 0.48%. The business’s revenue for the quarter was down 17.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 earnings per share. On average, analysts forecast that Delek US will post 0.88 earnings per share for the current fiscal year.

Delek US Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 17th were paid a $0.25 dividend. This is a positive change from Delek US’s previous quarterly dividend of $0.25. This represents a $1.00 annualized dividend and a dividend yield of 4.11%. The ex-dividend date was Thursday, May 16th. Delek US’s payout ratio is currently -80.65%.

Insider Activity

In related news, Director Richard J. Marcogliese bought 2,750 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were acquired at an average cost of $23.99 per share, for a total transaction of $65,972.50. Following the acquisition, the director now owns 42,863 shares in the company, valued at approximately $1,028,283.37. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 2,854 shares of company stock valued at $78,241 in the last three months. Corporate insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On Delek US

Several hedge funds have recently modified their holdings of DK. PNC Financial Services Group Inc. raised its holdings in shares of Delek US by 129.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 13,992 shares of the oil and gas company’s stock valued at $398,000 after buying an additional 7,892 shares during the period. Aigen Investment Management LP purchased a new stake in Delek US during the 3rd quarter worth approximately $263,000. Hsbc Holdings PLC increased its holdings in Delek US by 47.5% during the 3rd quarter. Hsbc Holdings PLC now owns 18,303 shares of the oil and gas company’s stock worth $518,000 after purchasing an additional 5,891 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Delek US by 830.6% during the 3rd quarter. Acadian Asset Management LLC now owns 9,874 shares of the oil and gas company’s stock worth $279,000 after purchasing an additional 8,813 shares during the last quarter. Finally, Algert Global LLC increased its holdings in Delek US by 157.8% during the 3rd quarter. Algert Global LLC now owns 125,414 shares of the oil and gas company’s stock worth $3,563,000 after purchasing an additional 76,764 shares during the last quarter. 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.