Delek US (NYSE:DK) Price Target Lowered to $25.00 at Mizuho

Delek US (NYSE:DK) had its target price decreased by Mizuho from $26.00 to $25.00 in a research report report published on Monday,Benzinga reports. Mizuho currently has a neutral rating on the oil and gas company’s stock.

Several other brokerages also recently weighed in on DK. Morgan Stanley decreased their target price on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a research note on Monday, September 16th. Wells Fargo & Company reduced their price objective on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Monday, December 9th. JPMorgan Chase & Co. raised their price target on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Bank of America began coverage on Delek US in a research report on Thursday, October 17th. They set an “underperform” rating and a $15.00 price objective for the company. Finally, StockNews.com lowered shares of Delek US from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Six analysts have rated the stock with a sell rating and six have given a hold rating to the company. Based on data from MarketBeat.com, Delek US currently has a consensus rating of “Hold” and a consensus price target of $21.00.

Delek US Price Performance

Delek US stock opened at $16.50 on Monday. The stock has a market cap of $1.04 billion, a P/E ratio of -3.40 and a beta of 1.22. The company has a fifty day simple moving average of $17.94 and a 200-day simple moving average of $20.50. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. Delek US has a 12-month low of $15.36 and a 12-month high of $33.60.

Delek US (NYSE:DK) last posted its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, topping the consensus estimate of ($1.71) by $0.26. The firm had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm’s revenue was down 34.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.02 earnings per share. Equities analysts expect that Delek US will post -4.4 EPS for the current fiscal year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a yield of 6.18%. Delek US’s dividend payout ratio is currently -20.99%.

Institutional Investors Weigh In On Delek US

Several hedge funds and other institutional investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC raised its stake in shares of Delek US by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 32,845 shares of the oil and gas company’s stock valued at $813,000 after purchasing an additional 580 shares in the last quarter. Easterly Investment Partners LLC raised its stake in Delek US by 26.7% during the second quarter. Easterly Investment Partners LLC now owns 457,536 shares of the oil and gas company’s stock valued at $11,329,000 after buying an additional 96,531 shares in the last quarter. Bailard Inc. bought a new position in Delek US during the 2nd quarter worth approximately $201,000. Burney Co. acquired a new position in shares of Delek US in the 2nd quarter worth approximately $1,111,000. Finally, F M Investments LLC bought a new stake in shares of Delek US in the 2nd quarter valued at approximately $4,304,000. 97.01% of the stock is currently 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.