Analysts’ Recent Ratings Updates for Delek US (DK)

A number of research firms have changed their ratings and price targets for Delek US (NYSE: DK):

• 9/21/2024 – Delek US was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/20/2024 – Delek US had its price target lowered by analysts at Piper Sandler from $25.00 to $19.00. They now have a “neutral” rating on the stock.
• 9/16/2024 – Delek US had its price target lowered by analysts at Morgan Stanley from $24.00 to $22.00. They now have an “underweight” rating on the stock.
• 9/16/2024 – Delek US was upgraded by analysts at Mizuho from an “underperform” rating to a “neutral” rating. They now have a $26.00 price target on the stock, down previously from $28.00.
• 9/13/2024 – Delek US was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 9/10/2024 – Delek US was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $26.00 price target on the stock, up previously from $23.00.
• 9/5/2024 – Delek US was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 9/3/2024 – Delek US had its price target raised by analysts at Wells Fargo & Company from $20.00 to $21.00. They now have an “underweight” rating on the stock.
• 8/8/2024 – Delek US had its price target lowered by analysts at TD Cowen from $19.00 to $18.00. They now have a “sell” rating on the stock.

Delek US Stock Down 0.8 %

NYSE DK opened at $18.74 on Tuesday. The stock has a market cap of $1.20 billion, a PE ratio of -15.11 and a beta of 1.14. The business has a 50 day moving average price of $20.60 and a two-hundred day moving average price of $24.84. Delek US Holdings, Inc. has a fifty-two week low of $18.35 and a fifty-two week high of $33.60. The company has a quick ratio of 0.58, a current ratio of 0.98 and a debt-to-equity ratio of 2.50.

Delek US (NYSE:DK) last released its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.42) by $0.50. Delek US had a negative net margin of 0.69% and a negative return on equity of 4.53%. The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the business earned $1.00 EPS. The business’s revenue was down 18.4% on a year-over-year basis. As a group, sell-side analysts predict that Delek US Holdings, Inc. will post -3.19 EPS for the current fiscal year.

Delek US Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.44%. This is a positive change from Delek US’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, August 12th. Delek US’s payout ratio is presently -82.26%.

Insider Activity at Delek US

In related news, CEO Avigal Soreq purchased 5,651 shares of the firm’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of $20.42 per share, with a total value of $115,393.42. Following the completion of the transaction, the chief executive officer now owns 188,881 shares of the company’s stock, valued at $3,856,950.02. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Delek US

A number of institutional investors have recently modified their holdings of DK. Quarry LP acquired a new stake in shares of Delek US during the 2nd quarter valued at approximately $43,000. TFO Wealth Partners LLC raised its holdings in shares of Delek US by 627,400.0% during the fourth quarter. TFO Wealth Partners LLC now owns 6,275 shares of the oil and gas company’s stock worth $162,000 after purchasing an additional 6,274 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Delek US during the first quarter worth $172,000. Bailard Inc. bought a new position in shares of Delek US in the 2nd quarter worth about $201,000. Finally, Chesapeake Capital Corp IL acquired a new position in shares of Delek US in the 2nd quarter valued at about $223,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.