Delek US (NYSE:DK) Price Target Raised to $45.00

Delek US (NYSE:DK) had its price target increased by Mizuho from $37.00 to $45.00 in a report released on Tuesday,Benzinga reports. They currently have an outperform rating on the oil and gas company’s stock.

Other research analysts have also issued reports about the stock. Scotiabank increased their target price on shares of Delek US from $33.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Monday. Bank of America upped their price objective on shares of Delek US from $14.00 to $24.00 and gave the company an “underperform” rating in a report on Wednesday, September 3rd. Citigroup reissued a “neutral” rating and set a $30.00 price objective (up previously from $15.00) on shares of Delek US in a research report on Wednesday, July 16th. Morgan Stanley set a $34.00 target price on Delek US and gave the company an “equal weight” rating in a research report on Friday, October 3rd. Finally, Piper Sandler increased their price target on Delek US from $29.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Four research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Delek US presently has a consensus rating of “Hold” and a consensus price target of $36.62.

Delek US Trading Down 3.8%

NYSE DK opened at $39.31 on Tuesday. The stock has a market capitalization of $2.36 billion, a P/E ratio of -4.82 and a beta of 0.99. The business has a 50 day simple moving average of $34.45 and a 200 day simple moving average of $25.92. The company has a debt-to-equity ratio of 7.12, a current ratio of 0.86 and a quick ratio of 0.50. Delek US has a one year low of $11.02 and a one year high of $43.50.

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

Delek US Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 10th will be given a $0.255 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.02 annualized dividend and a yield of 2.6%. Delek US’s dividend payout ratio (DPR) is presently -12.50%.

Insider Activity at Delek US

In other Delek US news, EVP Reuven Spiegel sold 27,000 shares of Delek US stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $41.36, for a total transaction of $1,116,720.00. Following the completion of the transaction, the executive vice president owned 23,020 shares in the company, valued at approximately $952,107.20. The trade was a 53.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph Israel sold 20,028 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $41.12, for a total value of $823,551.36. Following the sale, the executive vice president directly owned 62,793 shares of the company’s stock, valued at $2,582,048.16. This represents a 24.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 66,489 shares of company stock valued at $2,655,285. 1.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Delek US

Several institutional investors have recently bought and sold shares of DK. Arrowstreet Capital Limited Partnership boosted its stake in shares of Delek US by 6,300.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock worth $42,153,000 after buying an additional 1,285,861 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in shares of Delek US during the first quarter valued at approximately $13,728,000. Nuveen LLC bought a new stake in Delek US during the first quarter worth $13,629,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in Delek US by 113.5% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,601,777 shares of the oil and gas company’s stock worth $33,926,000 after purchasing an additional 851,458 shares during the last quarter. Finally, Callodine Capital Management LP grew its stake in Delek US by 1,827.6% in the 1st quarter. Callodine Capital Management LP now owns 674,661 shares of the oil and gas company’s stock valued at $10,167,000 after purchasing an additional 639,661 shares during the period. 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.