Delek US (NYSE:DK) Given New $23.00 Price Target at Raymond James

Delek US (NYSE:DK - Free Report) had its price target cut by Raymond James from $24.00 to $23.00 in a research note published on Wednesday morning,Benzinga reports. They currently have an outperform rating on the oil and gas company's stock.

Other equities research analysts also recently issued research reports about the stock. Wolfe Research upgraded shares of Delek US from an "underperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Piper Sandler decreased their target price on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Morgan Stanley dropped their price target on shares of Delek US from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. JPMorgan Chase & Co. lifted their price objective on Delek US from $21.00 to $22.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, Mizuho lowered their price objective on Delek US from $25.00 to $22.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 9th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Delek US presently has a consensus rating of "Hold" and a consensus price target of $17.93.

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Delek US Stock Performance

Shares of NYSE DK traded up $0.03 during mid-day trading on Wednesday, hitting $12.51. The company had a trading volume of 417,208 shares, compared to its average volume of 1,206,915. Delek US has a 12 month low of $11.03 and a 12 month high of $31.55. The firm has a market cap of $782.04 million, a P/E ratio of -2.57 and a beta of 1.04. The business's 50-day simple moving average is $15.72 and its 200-day simple moving average is $17.32. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67.

Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing analysts' consensus estimates of ($1.53) by ($1.01). The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.58 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. Delek US's revenue was down 39.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.46) EPS. As a group, analysts predict that Delek US will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.02 annualized dividend and a yield of 8.15%. Delek US's payout ratio is -11.54%.

Insiders Place Their Bets

In other news, CFO Mark Wayne Hobbs purchased 2,800 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $13.70 per share, with a total value of $38,360.00. Following the completion of the purchase, the chief financial officer now directly owns 49,138 shares of the company's stock, valued at $673,190.60. The trade was a 6.04 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have acquired 5,055 shares of company stock valued at $70,787. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Delek US

Institutional investors have recently modified their holdings of the business. Rafferty Asset Management LLC grew its stake in shares of Delek US by 0.7% during the fourth quarter. Rafferty Asset Management LLC now owns 114,701 shares of the oil and gas company's stock worth $2,122,000 after purchasing an additional 797 shares during the period. Sei Investments Co. raised its stake in Delek US by 2.3% during the 4th quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company's stock worth $973,000 after buying an additional 1,192 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Delek US by 3.5% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,088 shares of the oil and gas company's stock worth $668,000 after acquiring an additional 1,227 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in Delek US by 7.6% in the third quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company's stock valued at $342,000 after acquiring an additional 1,292 shares during the period. Finally, Sterling Capital Management LLC increased its holdings in shares of Delek US by 728.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock worth $28,000 after acquiring an additional 1,311 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

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.