Delek US (NYSE:DK) had its price target cut by Raymond James from $70.00 to $60.00 in a research report released on Monday morning. They currently have a strong-buy rating on the oil and gas company’s stock.
Other equities research analysts have also recently issued research reports about the company. ValuEngine cut Delek US from a buy rating to a hold rating in a report on Monday, June 18th. Wells Fargo & Co lifted their price target on shares of Delek US from $60.00 to $66.00 and gave the company a positive rating in a research report on Tuesday, May 29th. Zacks Investment Research downgraded shares of Delek US from a buy rating to a hold rating in a research report on Monday, August 6th. Mizuho began coverage on shares of Delek US in a research report on Thursday, August 2nd. They issued a buy rating and a $60.00 price target for the company. Finally, Barclays began coverage on shares of Delek US in a research report on Friday, June 15th. They issued an overweight rating for the company. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the company. Delek US has an average rating of Buy and an average target price of $51.36.
Shares of NYSE:DK opened at $43.63 on Monday. Delek US has a 12-month low of $25.02 and a 12-month high of $61.57. The company has a market cap of $3.73 billion, a PE ratio of 16.65, a PEG ratio of 0.90 and a beta of 1.29. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.36 and a quick ratio of 0.96.
Delek US (NYSE:DK) last issued its quarterly earnings data on Tuesday, August 7th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.11). Delek US had a return on equity of 12.23% and a net margin of 3.69%. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.51 billion. sell-side analysts predict that Delek US will post 4.93 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Stockholders of record on Tuesday, August 21st were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.29%. Delek US’s payout ratio is 79.37%.
In other Delek US news, insider Jared Serff sold 1,787 shares of the business’s stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $50.30, for a total transaction of $89,886.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Wiessman sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $54.10, for a total transaction of $3,246,000.00. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new position in Delek US during the second quarter valued at approximately $105,000. Envestnet Asset Management Inc. raised its position in Delek US by 1,712.4% during the second quarter. Envestnet Asset Management Inc. now owns 2,338 shares of the oil and gas company’s stock valued at $117,000 after purchasing an additional 2,209 shares in the last quarter. Mount Yale Investment Advisors LLC acquired a new position in Delek US during the second quarter valued at approximately $162,000. Whittier Trust Co. of Nevada Inc. acquired a new position in Delek US during the second quarter valued at approximately $183,000. Finally, Brookfield Asset Management Inc. acquired a new position in Delek US during the first quarter valued at approximately $199,000. Institutional investors and hedge funds own 97.67% of the company’s stock.
About Delek US
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.
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