Delek US (NYSE:DK) Given New $22.00 Price Target at JPMorgan Chase & Co.

Delek US (NYSE:DK) had its price target raised by investment analysts at JPMorgan Chase & Co. from $21.00 to $22.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 18.41% from the stock’s previous close.

DK has been the subject of a number of other reports. Scotiabank dropped their price target on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. StockNews.com cut Delek US from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Wells Fargo & Company decreased their price target on Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday. Piper Sandler reduced their price target on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, September 20th. Finally, Mizuho raised shares of Delek US from an “underperform” rating to a “neutral” rating and dropped their price objective for the company from $28.00 to $26.00 in a research note on Monday, September 16th. Six research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $21.10.

Delek US Price Performance

Delek US stock traded up $0.25 during trading hours on Tuesday, hitting $18.58. 180,642 shares of the stock were exchanged, compared to its average volume of 1,069,393. Delek US has a 12 month low of $15.36 and a 12 month high of $33.60. The business’s 50-day moving average is $18.15 and its two-hundred day moving average is $20.81. The stock has a market capitalization of $1.17 billion, a P/E ratio of -3.84 and a beta of 1.22. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.71) by $0.26. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same period last year, the company earned $2.02 earnings per share. Delek US’s quarterly revenue was down 34.3% on a year-over-year basis. Equities research analysts expect that Delek US will post -4.4 EPS for the current fiscal year.

Institutional Trading of Delek US

A number of large investors have recently bought and sold shares of the business. River Road Asset Management LLC increased its stake in Delek US by 1.1% in the third quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company’s stock valued at $76,880,000 after purchasing an additional 45,949 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Delek US by 17.2% in the third quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock worth $61,492,000 after acquiring an additional 480,614 shares in the last quarter. State Street Corp grew its stake in Delek US by 8.0% in the third quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company’s stock valued at $56,612,000 after acquiring an additional 223,110 shares during the period. Rubric Capital Management LP bought a new stake in shares of Delek US during the third quarter valued at approximately $37,500,000. Finally, FMR LLC raised its position in shares of Delek US by 47.3% during the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock worth $32,021,000 after purchasing an additional 548,777 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.