Delek US (NYSE:DK) Price Target Lowered to $25.00 at Wells Fargo & Company

Delek US (NYSE:DKFree Report) had its target price reduced by Wells Fargo & Company from $26.00 to $25.00 in a research note issued to investors on Thursday, Benzinga reports. Wells Fargo & Company currently has an underweight rating on the oil and gas company’s stock.

A number of other research analysts have also recently commented on DK. UBS Group boosted their price objective on Delek US from $30.00 to $32.00 and gave the stock a neutral rating in a research note on Thursday, April 4th. Piper Sandler reduced their price objective on Delek US from $31.00 to $30.00 and set a neutral rating on the stock in a research note on Tuesday, May 14th. StockNews.com cut Delek US from a buy rating to a hold rating in a research note on Thursday, February 29th. Mizuho boosted their price objective on Delek US from $30.00 to $31.00 and gave the stock an underperform rating in a research note on Monday, May 13th. Finally, Bank of America boosted their price target on Delek US from $30.00 to $32.00 and gave the stock a neutral rating in a research note on Friday, March 15th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Delek US currently has an average rating of Hold and an average price target of $28.40.

Read Our Latest Research Report on Delek US

Delek US Price Performance

Shares of Delek US stock opened at $25.43 on Thursday. Delek US has a twelve month low of $21.68 and a twelve month high of $33.60. The stock has a market capitalization of $1.63 billion, a P/E ratio of -20.51 and a beta of 1.28. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 2.40. The business’s fifty day moving average price is $28.68 and its 200 day moving average price is $27.54.

Delek US (NYSE:DKGet Free Report) last issued its earnings results on Tuesday, May 7th. The oil and gas company reported ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.15. The firm had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Delek US had a positive return on equity of 7.37% and a negative net margin of 0.48%. The firm’s revenue for the quarter was down 17.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.37 earnings per share. As a group, research analysts anticipate that Delek US will post 1.08 earnings per share for the current year.

Delek US Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 17th were issued a $0.25 dividend. This is a positive change from Delek US’s previous quarterly dividend of $0.25. This represents a $1.00 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend was Thursday, May 16th. Delek US’s payout ratio is currently -80.65%.

Hedge Funds Weigh In On Delek US

Institutional investors have recently made changes to their positions in the stock. Spirit of America Management Corp NY bought a new position in shares of Delek US during the fourth quarter valued at approximately $26,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Delek US during the first quarter worth approximately $31,000. Strs Ohio acquired a new position in shares of Delek US during the fourth quarter worth approximately $95,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Delek US during the first quarter worth approximately $172,000. Finally, TFO Wealth Partners LLC boosted its position in shares of Delek US by 627,400.0% during the fourth quarter. TFO Wealth Partners LLC now owns 6,275 shares of the oil and gas company’s stock worth $162,000 after buying an additional 6,274 shares during the period. 97.01% of the stock is owned by institutional investors.

Delek US Company Profile

(Get Free Report)

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.

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