Delek US (NYSE:DK) Price Target Cut to $18.00 by Analysts at Morgan Stanley

Delek US (NYSE:DK - Get Free Report) had its price target cut by equities research analysts at Morgan Stanley from $19.00 to $18.00 in a report issued on Friday,Benzinga reports. The firm currently has an "underweight" rating on the oil and gas company's stock. Morgan Stanley's price objective would suggest a potential upside of 10.59% from the company's previous close.

DK has been the topic of a number of other research reports. Wells Fargo & Company dropped their price objective on Delek US from $17.00 to $15.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 26th. Mizuho dropped their price objective on Delek US from $26.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, December 16th. Piper Sandler dropped their price objective on Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. JPMorgan Chase & Co. raised their price objective on Delek US from $21.00 to $22.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Finally, Wolfe Research raised Delek US from an "underperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Five investment analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to data from MarketBeat, Delek US currently has an average rating of "Hold" and an average target price of $20.30.

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Delek US Stock Up 1.7 %

Shares of Delek US stock traded up $0.27 during trading on Friday, hitting $16.28. 1,888,400 shares of the stock traded hands, compared to its average volume of 1,128,676. The firm has a market cap of $1.02 billion, a P/E ratio of -3.35 and a beta of 1.14. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. Delek US has a 52-week low of $13.40 and a 52-week high of $33.60. The stock's fifty day simple moving average is $17.51 and its 200 day simple moving average is $18.03.

Delek US (NYSE:DK - Get Free Report) 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). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.37 billion for the quarter, compared to analysts' expectations of $2.58 billion. During the same quarter in the prior year, the business posted ($1.46) EPS. The business's quarterly revenue was down 39.8% on a year-over-year basis. On average, equities analysts predict that Delek US will post -5.5 earnings per share for the current fiscal year.

Insider Transactions at Delek US

In other news, CFO Mark Wayne Hobbs acquired 2,800 shares of Delek US stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the purchase, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60. This trade represents a 6.04 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders bought a total of 5,055 shares of company stock worth $70,787 over the last three months. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Lansforsakringar Fondforvaltning AB publ purchased a new position in Delek US during the fourth quarter valued at approximately $3,982,000. Mackenzie Financial Corp raised its position in Delek US by 67.8% during the fourth quarter. Mackenzie Financial Corp now owns 39,617 shares of the oil and gas company's stock valued at $733,000 after acquiring an additional 16,009 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in Delek US during the fourth quarter valued at approximately $363,000. Public Employees Retirement System of Ohio purchased a new position in Delek US during the fourth quarter valued at approximately $780,000. Finally, GTS Securities LLC purchased a new position in Delek US during the fourth quarter valued at approximately $390,000. 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.