UBS Group Lowers Delek US (NYSE:DK) Price Target to $13.25

Delek US (NYSE:DK) had its price objective decreased by stock analysts at UBS Group from $21.00 to $13.25 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the oil and gas company’s stock. UBS Group’s target price points to a potential upside of 9.63% from the company’s previous close.

DK has been the subject of several other reports. Wells Fargo & Company boosted their price objective on Delek US from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Friday, March 21st. Mizuho decreased their price target on Delek US from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Finally, Raymond James reduced their price target 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. Five 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’s stock. According to MarketBeat.com, Delek US presently has an average rating of “Hold” and an average target price of $18.66.

Delek US Stock Performance

NYSE:DK traded up $0.54 during midday trading on Wednesday, reaching $12.09. 587,792 shares of the company traded hands, compared to its average volume of 1,195,371. Delek US has a twelve month low of $11.03 and a twelve month high of $32.69. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The company has a fifty day moving average price of $16.18 and a 200 day moving average price of $17.50. The firm has a market capitalization of $755.53 million, a price-to-earnings ratio of -2.50 and a beta of 1.04.

Delek US (NYSE:DK) last announced its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.53) by ($1.01). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. During the same period last year, the firm posted ($1.46) EPS. The business’s revenue was down 39.8% compared to the same quarter last year. On average, analysts expect that Delek US will post -5.5 EPS for the current fiscal year.

Insider Transactions at Delek US

In other news, CFO Mark Wayne Hobbs acquired 2,800 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $13.70 per share, with a total value 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 purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have purchased 5,055 shares of company stock valued at $70,787 over the last three months. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Delek US

A number of hedge funds have recently modified their holdings of the business. Sterling Capital Management LLC boosted its position in Delek US by 728.3% during the 4th 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 grew its position in 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 valued at $63,000 after purchasing an additional 3,746 shares in the last quarter. KBC Group NV grew its position in 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 valued at $71,000 after purchasing an additional 1,538 shares in the last quarter. ARS Investment Partners LLC purchased a new stake in Delek US in the 4th quarter worth approximately $185,000. Finally, Abel Hall LLC acquired a new stake in shares of Delek US during the 4th quarter valued at $196,000. Hedge funds and other institutional investors own 97.01% 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 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.