Delek US (NYSE:DK) Price Target Cut to $25.00

Delek US (NYSE:DK) had its price objective lowered by analysts at Piper Sandler from $30.00 to $25.00 in a report issued on Friday, Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. Piper Sandler’s price target indicates a potential upside of 3.86% from the company’s current price.

A number of other brokerages have also recently issued reports on DK. UBS Group lifted their price objective on shares of Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Bank of America boosted their target price on shares of Delek US from $30.00 to $32.00 and gave the stock a “neutral” rating in a research note on Friday, March 15th. TD Cowen cut shares of Delek US from a “hold” rating to a “sell” rating and decreased their target price for the stock from $25.00 to $20.00 in a research note on Monday, June 10th. JPMorgan Chase & Co. decreased their target price on shares of Delek US from $26.00 to $25.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 21st. Finally, Wells Fargo & Company decreased their target price on shares of Delek US from $26.00 to $25.00 and set an “underweight” rating on the stock in a research note on Thursday, June 6th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $27.40.

Delek US Stock Performance

Shares of NYSE:DK opened at $24.07 on Friday. The company’s 50 day simple moving average is $27.79 and its 200 day simple moving average is $27.43. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -19.41 and a beta of 1.28. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.04 and a quick ratio of 0.64. Delek US has a 1 year low of $21.68 and a 1 year high of $33.60.

Delek US (NYSE:DK) last announced its quarterly earnings data on Tuesday, May 7th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.15. The business had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 7.37%. The firm’s quarterly revenue was down 17.8% compared to the same quarter last year. During the same period last year, the firm posted $1.37 earnings per share. As a group, research analysts predict that Delek US will post 1 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Richard J. Marcogliese bought 2,750 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were acquired at an average price of $23.99 per share, for a total transaction of $65,972.50. Following the completion of the acquisition, the director now directly owns 42,863 shares in the company, valued at $1,028,283.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 2,854 shares of company stock valued at $78,241 over the last 90 days. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Delek US

Several hedge funds and other institutional investors have recently bought and sold shares of DK. New York State Common Retirement Fund raised its holdings in shares of Delek US by 7.0% during the third quarter. New York State Common Retirement Fund now owns 40,949 shares of the oil and gas company’s stock valued at $1,163,000 after purchasing an additional 2,671 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of Delek US by 10.8% during the third quarter. Janney Montgomery Scott LLC now owns 59,110 shares of the oil and gas company’s stock valued at $1,679,000 after purchasing an additional 5,783 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in shares of Delek US during the third quarter valued at about $2,686,000. UBS Group AG raised its holdings in shares of Delek US by 3.6% during the third quarter. UBS Group AG now owns 719,310 shares of the oil and gas company’s stock valued at $20,436,000 after purchasing an additional 24,695 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Delek US by 129.4% during the third quarter. PNC Financial Services Group Inc. now owns 13,992 shares of the oil and gas company’s stock valued at $398,000 after purchasing an additional 7,892 shares during the period. 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.