Delek US (NYSE:DK) Upgraded to "Peer Perform" at Wolfe Research

Wolfe Research upgraded shares of Delek US (NYSE:DK - Free Report) from an underperform rating to a peer perform rating in a research note published on Friday morning, MarketBeat.com reports.

Several other equities analysts have also recently weighed in on DK. StockNews.com cut Delek US from a "hold" rating to a "sell" rating in a research note on Saturday, September 21st. Wells Fargo & Company cut their price target on shares of Delek US from $18.00 to $16.00 and set an "underweight" rating on the stock in a report on Monday, December 9th. JPMorgan Chase & Co. lifted their target price on shares of Delek US from $21.00 to $22.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Morgan Stanley reduced their target price on Delek US from $24.00 to $22.00 and set an "underweight" rating for the company in a report on Monday, September 16th. Finally, Mizuho lowered their target price on Delek US from $26.00 to $25.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Five investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company's stock. According to MarketBeat, Delek US currently has an average rating of "Hold" and an average price target of $21.00.

Delek US Stock Up 0.9 %

NYSE DK traded up $0.17 during mid-day trading on Friday, hitting $18.62. The company's stock had a trading volume of 957,665 shares, compared to its average volume of 1,139,682. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The company's 50 day simple moving average is $17.79 and its 200 day simple moving average is $19.83. Delek US has a twelve month low of $15.36 and a twelve month high of $33.60. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -3.83 and a beta of 1.22.

Delek US (NYSE:DK - Get Free Report) last posted its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, topping analysts' consensus estimates of ($1.71) by $0.26. The company had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 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 34.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.02 EPS. Analysts anticipate that Delek US will post -4.4 earnings per share for the current year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were paid a $0.255 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 annualized dividend and a yield of 5.48%. Delek US's dividend payout ratio is currently -20.99%.

Institutional Investors Weigh In On Delek US

A number of institutional investors and hedge funds have recently modified their holdings of DK. Quarry LP purchased a new position in Delek US during the second quarter valued at approximately $43,000. Farther Finance Advisors LLC grew its position in shares of Delek US by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company's stock valued at $145,000 after purchasing an additional 1,508 shares in the last quarter. Chesapeake Capital Corp IL bought a new position in shares of Delek US in the second quarter worth $223,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Delek US in the second quarter worth $223,000. Finally, Capstone Investment Advisors LLC bought a new stake in Delek US during the third quarter valued at $193,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

About Delek US

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.