UBS Group Has Lowered Expectations for Delek US (NYSE:DK) Stock Price

Delek US (NYSE:DK - Free Report) had its price target decreased by UBS Group from $21.00 to $13.25 in a research report report published on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the oil and gas company's stock.

Other equities research analysts have also issued research reports about the stock. Raymond James reduced their price objective on shares of Delek US from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. increased 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. Wells Fargo & Company raised their price objective on 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 decreased their target price on Delek US from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Friday, March 14th. Finally, Wolfe Research raised shares of Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Five research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Delek US currently has a consensus rating of "Hold" and an average price target of $17.93.

Delek US Stock Up 1.0 %

Shares of DK traded up $0.12 during mid-day trading on Wednesday, reaching $12.60. The company's stock had a trading volume of 1,129,452 shares, compared to its average volume of 1,209,689. The company has a market cap of $787.66 million, a price-to-earnings ratio of -2.59 and a beta of 1.04. The business has a fifty day moving average of $15.72 and a 200 day moving average of $17.32. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. Delek US has a 1 year low of $11.03 and a 1 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 (EPS) for the quarter, missing analysts' consensus estimates of ($1.53) by ($1.01). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.58 billion. During the same quarter in the previous year, the company earned ($1.46) EPS. The firm's quarterly revenue was down 39.8% compared to the same quarter last year. As a group, analysts forecast that Delek US will post -5.5 earnings per share for the current fiscal year.

Delek US Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were paid 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 8.10%. Delek US's payout ratio is currently -11.54%.

Insider Transactions at Delek US

In other news, CFO Mark Wayne Hobbs bought 2,800 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the purchase, the chief financial officer now owns 49,138 shares of the company's stock, valued at approximately $673,190.60. This trade represents a 6.04 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired a total of 5,055 shares of company stock worth $70,787 in the last three months. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sterling Capital Management LLC increased its position in Delek US by 728.3% during 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 during the period. GAMMA Investing LLC increased its holdings in shares of Delek US by 907.0% during 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. KBC Group NV increased its holdings in shares of Delek US by 66.3% during the fourth quarter. KBC Group NV now owns 3,859 shares of the oil and gas company's stock worth $71,000 after purchasing an additional 1,538 shares during the period. Farther Finance Advisors LLC raised its position in shares of Delek US by 77.4% in the first quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company's stock valued at $110,000 after buying an additional 3,105 shares in the last quarter. Finally, ARS Investment Partners LLC bought a new stake in shares of Delek US in the fourth quarter valued at approximately $185,000. 97.01% of the stock is owned by 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.