Delek US (NYSE:DK) Upgraded to “Peer Perform” at Wolfe Research

Wolfe Research upgraded shares of Delek US (NYSE:DK) from an underperform rating to a peer perform rating in a report issued on Friday morning, MarketBeat.com reports.

Several other equities research analysts have also recently weighed in on DK. Wells Fargo & Company decreased their price objective on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, December 9th. Mizuho dropped their price objective on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Piper Sandler cut their target price on Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. Bank of America began coverage on Delek US in a report on Thursday, October 17th. They issued an “underperform” rating and a $15.00 target price for the company. Finally, Scotiabank reduced their price objective 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. Five research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.00.

Delek US Stock Performance

Shares of Delek US stock opened at $18.62 on Friday. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -3.83 and a beta of 1.22. Delek US has a twelve month low of $15.36 and a twelve month high of $33.60. The company’s fifty day moving average is $17.79 and its 200 day moving average is $19.83. 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 (NYSE:DK) last issued 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 company 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. The firm’s revenue was down 34.3% compared to the same quarter last year. Sell-side analysts forecast that Delek US will post -4.4 EPS for the current year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 annualized dividend and a dividend yield of 5.48%. Delek US’s payout ratio is -20.99%.

Hedge Funds Weigh In On Delek US

Several large investors have recently bought and sold shares of the stock. Quarry LP purchased a new stake in shares of Delek US in the second quarter valued at about $43,000. Farther Finance Advisors LLC lifted its position in shares of Delek US by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after buying an additional 1,508 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Delek US in the 3rd quarter worth approximately $193,000. MQS Management LLC bought a new position in shares of Delek US in the third quarter valued at approximately $201,000. Finally, Chesapeake Capital Corp IL bought a new stake in Delek US during the second quarter worth $223,000. 97.01% of the stock is currently owned by institutional investors.

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.