Delek US (NYSE:DK) Price Target Raised to $40.00

Delek US (NYSE:DK) had its price objective lifted by Scotiabank from $33.00 to $40.00 in a research report released on Monday, MarketBeat reports. The brokerage currently has a sector perform rating on the oil and gas company’s stock.

DK has been the subject of several other reports. Wells Fargo & Company lifted their target price on shares of Delek US from $43.00 to $53.00 and gave the company an “overweight” rating in a research report on Monday. Cowen upgraded Delek US from a “sell” rating to a “hold” rating in a report on Friday, September 19th. Weiss Ratings reissued a “sell (d-)” rating on shares of Delek US in a report on Wednesday, October 8th. Citigroup reissued a “neutral” rating and set a $30.00 target price (up from $15.00) on shares of Delek US in a research note on Wednesday, July 16th. Finally, Wolfe Research upgraded shares of Delek US from a “peer perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Wednesday, September 3rd. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $36.62.

Delek US Stock Performance

NYSE DK opened at $40.85 on Monday. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.50 and a current ratio of 0.86. The company has a market capitalization of $2.45 billion, a PE ratio of -5.01 and a beta of 0.99. The company has a 50-day simple moving average of $34.30 and a 200 day simple moving average of $25.82. Delek US has a 52-week low of $11.02 and a 52-week high of $43.50.

Delek US (NYSE:DK) last announced its quarterly earnings data on Tuesday, December 6th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%.The business had revenue of $2.96 billion for the quarter. On average, research analysts predict that Delek US will post -5.5 EPS for the current year.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 10th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.5%. Delek US’s payout ratio is presently -12.50%.

Insider Buying and Selling

In other news, CFO Robert G. Wright sold 7,135 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $29.24, for a total transaction of $208,627.40. Following the sale, the chief financial officer directly owned 48,294 shares in the company, valued at $1,412,116.56. This trade represents a 12.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Delek US

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DK. CWM LLC grew its stake in shares of Delek US by 100.9% in the 1st quarter. CWM LLC now owns 2,318 shares of the oil and gas company’s stock worth $35,000 after buying an additional 1,164 shares in the last quarter. AlphaQuest LLC grew its stake in shares of Delek US by 7,331.8% during the second quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company’s stock valued at $35,000 after buying an additional 1,613 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in Delek US in the 3rd quarter valued at $59,000. State of Wyoming bought a new position in shares of Delek US in the first quarter worth about $95,000. Finally, Eisler Capital Management Ltd. purchased a new position in shares of Delek US during the first quarter worth approximately $172,000. 97.01% of the stock is 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.