Delek US (NYSE:DK - Get Free Report) had its price objective reduced by Mizuho from $25.00 to $22.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the oil and gas company's stock. Mizuho's price target points to a potential upside of 75.86% from the company's current price.
DK has been the topic of a number of other reports. Wolfe Research upgraded Delek US from an "underperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. upped their price target on shares of Delek US from $21.00 to $22.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Wells Fargo & Company lifted their price objective on shares of Delek US from $15.00 to $16.00 and gave the company an "underweight" rating in a research note on Friday, March 21st. Morgan Stanley cut their price target on Delek US from $19.00 to $18.00 and set an "underweight" rating for the company in a report on Friday, March 14th. Finally, Piper Sandler decreased their price objective on 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 issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, Delek US currently has a consensus rating of "Hold" and a consensus price target of $17.93.
View Our Latest Report on Delek US
Delek US Stock Up 0.2 %
DK stock traded up $0.03 during trading on Wednesday, reaching $12.51. The stock had a trading volume of 417,208 shares, compared to its average volume of 1,206,915. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The company has a market capitalization of $782.04 million, a price-to-earnings ratio of -2.57 and a beta of 1.04. The company's 50 day moving average is $15.72 and its two-hundred day moving average is $17.32. Delek US has a one year low of $11.03 and a one year high of $31.55.
Delek US (NYSE:DK - Get Free Report) last released its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing analysts' consensus estimates of ($1.53) by ($1.01). The company 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 firm's revenue was down 39.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.46) earnings per share. Equities research analysts forecast that Delek US will post -5.5 EPS for the current year.
Insider Buying and Selling
In other news, CFO Mark Wayne Hobbs acquired 2,800 shares of Delek US stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the transaction, the chief financial officer now owns 49,138 shares of the company's stock, valued at $673,190.60. This trade represents a 6.04 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders purchased 5,055 shares of company stock worth $70,787. Corporate insiders own 1.80% of the company's stock.
Hedge Funds Weigh In On Delek US
A number of large investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC increased its stake in shares of Delek US by 15.1% in the first quarter. Wedge Capital Management L L P NC now owns 36,666 shares of the oil and gas company's stock worth $553,000 after buying an additional 4,810 shares during the period. Rhumbline Advisers boosted its position in shares of Delek US by 3.4% during the first quarter. Rhumbline Advisers now owns 121,201 shares of the oil and gas company's stock valued at $1,826,000 after purchasing an additional 4,031 shares in the last quarter. GAMMA Investing LLC grew its stake in Delek US by 907.0% in the first quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company's stock worth $63,000 after purchasing an additional 3,746 shares during the period. Lansforsakringar Fondforvaltning AB publ bought a new position in Delek US in the fourth quarter worth $3,982,000. Finally, Mackenzie Financial Corp boosted its holdings in shares of Delek US by 67.8% during the 4th quarter. Mackenzie Financial Corp now owns 39,617 shares of the oil and gas company's stock valued at $733,000 after buying an additional 16,009 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.
About Delek US
(
Get Free Report)
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.
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