Delek US (NYSE:DK) Downgraded to “Buy” Rating by Wall Street Zen

Wall Street Zen lowered shares of Delek US (NYSE:DK) from a strong-buy rating to a buy rating in a report released on Saturday.

DK has been the subject of several other reports. Citigroup raised their target price on shares of Delek US from $33.00 to $44.00 and gave the stock a “neutral” rating in a research report on Monday, April 13th. Raymond James Financial boosted their price target on shares of Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Weiss Ratings downgraded shares of Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. The Goldman Sachs Group raised their price objective on shares of Delek US from $58.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, July 17th. Finally, TD Cowen raised their price objective on shares of Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $51.92.

Delek US Stock Up 0.0%

DK opened at $67.71 on Friday. The company has a market cap of $4.15 billion, a P/E ratio of -74.41, a P/E/G ratio of 1.79 and a beta of 0.58. The business’s 50-day moving average price is $52.43 and its 200-day moving average price is $43.61. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51. Delek US has a 12 month low of $19.81 and a 12 month high of $68.93.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($1.42) by $1.50. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.33 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The firm’s revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the business posted ($2.32) EPS. On average, equities analysts expect that Delek US will post 8.32 EPS for the current year.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 10th. Stockholders of record on Monday, August 3rd will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, August 3rd. Delek US’s dividend payout ratio (DPR) is presently -112.09%.

Insider Buying and Selling

In other news, EVP Robert G. Wright sold 10,720 shares of Delek US stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $47.07, for a total transaction of $504,590.40. Following the transaction, the executive vice president owned 48,148 shares in the company, valued at $2,266,326.36. This trade represents a 18.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William J. Finnerty sold 5,000 shares of Delek US stock in a transaction on Monday, June 29th. The shares were sold at an average price of $51.50, for a total value of $257,500.00. Following the transaction, the director owned 34,805 shares in the company, valued at $1,792,457.50. This trade represents a 12.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 39,270 shares of company stock valued at $1,828,718 in the last ninety days. Corporate insiders own 3.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Thoroughbred Financial Services LLC grew its position in shares of Delek US by 1.3% during the fourth quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock valued at $805,000 after purchasing an additional 348 shares in the last quarter. New York State Common Retirement Fund increased its holdings in shares of Delek US by 1.8% in the fourth quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock worth $654,000 after purchasing an additional 400 shares during the last quarter. Aster Capital Management DIFC Ltd lifted its position in shares of Delek US by 23.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock worth $67,000 after buying an additional 425 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after buying an additional 432 shares in the last quarter. Finally, Orion Porfolio Solutions LLC boosted its stake in Delek US by 2.2% during the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock valued at $492,000 after buying an additional 507 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.