Delek US (NYSE:DK) PT Lowered to $25.00

Delek US (NYSE:DK) had its price target reduced by TD Cowen from $27.00 to $25.00 in a research note published on Wednesday, MarketBeat Ratings reports. They currently have a hold rating on the oil and gas company’s stock.

A number of other equities analysts have also recently issued reports on DK. Citigroup assumed coverage on shares of Delek US in a research report on Wednesday, January 24th. They issued a neutral rating on the stock. Bank of America boosted their price target on shares of Delek US from $30.00 to $32.00 and gave the company a neutral rating in a research report on Friday, March 15th. UBS Group boosted their price target on shares of Delek US from $30.00 to $32.00 and gave the company a neutral rating in a research report on Thursday, April 4th. StockNews.com cut shares of Delek US from a buy rating to a hold rating in a research report on Thursday, February 29th. Finally, Mizuho boosted their price target on shares of Delek US from $26.00 to $30.00 and gave the company an underperform rating in a research report on Friday, March 22nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Delek US currently has an average rating of Hold and an average price target of $28.67.

Delek US Price Performance

Shares of NYSE:DK opened at $27.85 on Wednesday. The stock has a market cap of $1.78 billion, a PE ratio of 126.59 and a beta of 1.34. The company’s fifty day moving average is $29.18 and its 200 day moving average is $27.45. Delek US has a 52 week low of $20.89 and a 52 week high of $33.60. The company has a quick ratio of 0.63, a current ratio of 0.99 and a debt-to-equity ratio of 2.66.

Delek US (NYSE:DK) last issued its earnings results on Tuesday, May 7th. The oil and gas company reported ($0.41) EPS for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.15. The company had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Delek US had a net margin of 0.12% and a return on equity of 18.27%. The firm’s revenue was down 17.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.37 EPS. Research analysts anticipate that Delek US will post 1.38 earnings per share for the current year.

Delek US Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 17th will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Thursday, May 16th. This is an increase from Delek US’s previous quarterly dividend of $0.25. Delek US’s dividend payout ratio is currently 454.55%.

Insider Transactions at Delek US

In other news, CFO Robert G. Wright sold 2,123 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $28.50, for a total transaction of $60,505.50. Following the completion of the transaction, the chief financial officer now directly owns 18,925 shares of the company’s stock, valued at $539,362.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 4,226 shares of company stock worth $120,775. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Delek US

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System increased its stake in Delek US by 35.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 25,221 shares of the oil and gas company’s stock worth $775,000 after buying an additional 6,580 shares in the last quarter. Entropy Technologies LP bought a new position in shares of Delek US during the 1st quarter valued at about $515,000. ProShare Advisors LLC boosted its holdings in shares of Delek US by 7.1% during the 1st quarter. ProShare Advisors LLC now owns 11,412 shares of the oil and gas company’s stock valued at $351,000 after purchasing an additional 754 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Delek US by 44.1% during the 1st quarter. Sei Investments Co. now owns 176,442 shares of the oil and gas company’s stock valued at $5,424,000 after purchasing an additional 53,957 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new position in shares of Delek US during the 1st quarter valued at about $2,063,000. 97.01% of the stock is owned by hedge funds and other 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.