Delek US (NYSE:DK) Given New $21.00 Price Target at Wells Fargo & Company

Delek US (NYSE:DK) had its price target increased by Wells Fargo & Company from $20.00 to $21.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an underweight rating on the oil and gas company’s stock.

Several other equities analysts have also recently commented on the stock. Wolfe Research assumed coverage on shares of Delek US in a research note on Thursday, July 18th. They set an underperform rating and a $19.00 target price for the company. TD Cowen lowered their price objective on shares of Delek US from $19.00 to $18.00 and set a sell rating for the company in a research report on Thursday, August 8th. Piper Sandler cut their price target on Delek US from $30.00 to $25.00 and set a neutral rating on the stock in a research note on Friday, June 14th. Mizuho decreased their price target on shares of Delek US from $31.00 to $27.00 and set an underperform rating for the company in a report on Thursday, June 20th. Finally, Scotiabank reduced their price target on shares of Delek US from $27.00 to $25.00 and set a sector perform rating for the company in a report on Friday, July 12th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $25.40.

Delek US Stock Up 2.3 %

Shares of Delek US stock opened at $20.88 on Tuesday. The company has a market capitalization of $1.34 billion, a PE ratio of -16.84 and a beta of 1.19. Delek US has a 1-year low of $19.33 and a 1-year high of $33.60. The business has a 50-day moving average of $22.16 and a 200-day moving average of $25.85. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.98 and a quick ratio of 0.58.

Delek US (NYSE:DK) last released its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.42) by $0.50. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.31 billion. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The company’s revenue for the quarter was down 18.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.00 earnings per share. As a group, equities analysts forecast that Delek US will post -2.87 EPS for the current fiscal year.

Delek US Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 4.89%. This is an increase from Delek US’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, August 12th. Delek US’s dividend payout ratio (DPR) is presently -82.26%.

Insider Activity at Delek US

In other Delek US news, CEO Avigal Soreq acquired 5,651 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was purchased at an average price of $20.42 per share, with a total value of $115,393.42. Following the completion of the purchase, the chief executive officer now directly owns 188,881 shares in the company, valued at approximately $3,856,950.02. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Delek US news, Director Richard J. Marcogliese bought 2,750 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was acquired at an average cost of $23.99 per share, for a total transaction of $65,972.50. Following the completion of the transaction, the director now owns 42,863 shares in the company, valued at $1,028,283.37. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Avigal Soreq acquired 5,651 shares of the stock in a transaction on Friday, August 9th. The stock was bought at an average cost of $20.42 per share, with a total value of $115,393.42. Following the completion of the transaction, the chief executive officer now owns 188,881 shares in the company, valued at $3,856,950.02. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 2,854 shares of company stock worth $65,603. 1.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Delek US

A number of hedge funds and other institutional investors have recently bought and sold shares of DK. SummerHaven Investment Management LLC grew its stake in shares of Delek US by 1.8% during the 2nd quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company’s stock worth $813,000 after purchasing an additional 580 shares during the period. Shell Asset Management Co. increased its holdings in shares of Delek US by 6.8% in the first quarter. Shell Asset Management Co. now owns 9,890 shares of the oil and gas company’s stock valued at $304,000 after purchasing an additional 628 shares during the last quarter. ProShare Advisors LLC lifted its position in Delek US by 7.1% in the first quarter. ProShare Advisors LLC now owns 11,412 shares of the oil and gas company’s stock valued at $351,000 after buying an additional 754 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in shares of Delek US during the first quarter worth $31,000. Finally, Thoroughbred Financial Services LLC boosted its stake in shares of Delek US by 2.5% in the second quarter. Thoroughbred Financial Services LLC now owns 50,394 shares of the oil and gas company’s stock valued at $1,247,000 after purchasing an additional 1,246 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.