Delek US (NYSE:DK) Price Target Raised to $33.00 at Raymond James Financial

Delek US (NYSE:DK) had its price target hoisted by Raymond James Financial from $26.00 to $33.00 in a research report released on Tuesday, Marketbeat Ratings reports. Raymond James Financial currently has an outperform rating on the oil and gas company’s stock.

Other equities research analysts also recently issued research reports about the company. Wolfe Research raised Delek US from a “peer perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a report on Wednesday, September 3rd. Mizuho raised Delek US from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $22.00 to $23.00 in a report on Tuesday, May 13th. TD Cowen cut their target price on Delek US from $18.00 to $15.00 and set a “sell” rating on the stock in a report on Friday, August 8th. Piper Sandler lifted their target price on Delek US from $17.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, July 22nd. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $20.00 target price (up from $14.00) on shares of Delek US in a report on Friday, July 11th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $24.15.

Delek US Trading Up 6.1%

NYSE DK opened at $32.04 on Tuesday. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 10.48. Delek US has a twelve month low of $11.02 and a twelve month high of $32.61. The company has a market cap of $1.93 billion, a price-to-earnings ratio of -2.61 and a beta of 1.09. The business’s fifty day moving average is $24.62 and its 200 day moving average is $19.30.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share for the quarter, beating the consensus estimate of ($0.92) by $0.36. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%.The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter last year, the business posted ($0.92) EPS. Delek US’s revenue for the quarter was down 16.4% on a year-over-year basis. As a group, sell-side analysts expect that Delek US will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, August 11th were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.02 annualized dividend and a dividend yield of 3.2%. Delek US’s dividend payout ratio (DPR) is -8.30%.

Insider Buying and Selling at Delek US

In other news, CFO Robert G. Wright sold 7,135 shares of Delek US stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $29.24, for a total value of $208,627.40. Following the completion of the transaction, the chief financial officer directly owned 48,294 shares of the company’s stock, valued at approximately $1,412,116.56. This trade represents a 12.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.90% 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 company. AMG National Trust Bank increased its position in Delek US by 0.4% in the 2nd quarter. AMG National Trust Bank now owns 109,223 shares of the oil and gas company’s stock valued at $2,313,000 after buying an additional 472 shares in the last quarter. Orion Porfolio Solutions LLC increased its position in Delek US by 2.2% in the 2nd 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 in the last quarter. Police & Firemen s Retirement System of New Jersey increased its position in Delek US by 5.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 13,546 shares of the oil and gas company’s stock valued at $287,000 after buying an additional 686 shares in the last quarter. Rafferty Asset Management LLC boosted its stake in Delek US by 0.7% during the 4th quarter. Rafferty Asset Management LLC now owns 114,701 shares of the oil and gas company’s stock valued at $2,122,000 after purchasing an additional 797 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Delek US by 8.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 11,782 shares of the oil and gas company’s stock valued at $250,000 after purchasing an additional 955 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

About Delek US

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.