The Goldman Sachs Group Issues Positive Forecast for Delek US (NYSE:DK) Stock Price

Delek US (NYSE:DK) had its price objective lifted by The Goldman Sachs Group from $25.00 to $28.00 in a report issued on Monday,Benzinga reports. The firm currently has a neutral rating on the oil and gas company’s stock.

Several other research analysts have also weighed in on DK. Wolfe Research upgraded shares of Delek US from a “peer perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Wednesday, September 3rd. UBS Group upped their price objective on shares of Delek US from $24.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, September 2nd. Bank of America upped their price objective on shares of Delek US from $14.00 to $24.00 and gave the company an “underperform” rating in a research note on Wednesday, September 3rd. Citigroup reiterated a “neutral” rating and issued a $30.00 price objective (up previously from $15.00) on shares of Delek US in a research note on Wednesday, July 16th. Finally, Wells Fargo & Company upped their price objective on shares of Delek US from $11.00 to $15.00 and gave the company an “underweight” rating in a research note on Wednesday, June 11th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Delek US presently has an average rating of “Reduce” and a consensus price target of $25.54.

Delek US Stock Up 2.0%

Shares of NYSE:DK opened at $28.46 on Monday. The company has a debt-to-equity ratio of 10.48, a quick ratio of 0.50 and a current ratio of 0.80. The company has a market cap of $1.71 billion, a PE ratio of -2.32 and a beta of 1.09. Delek US has a 52 week low of $11.02 and a 52 week high of $32.61. The firm has a 50 day simple moving average of $25.05 and a 200 day simple moving average of $19.68.

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

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 11th were paid a $0.255 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.02 dividend on an annualized basis and a yield of 3.6%. Delek US’s dividend payout ratio (DPR) is presently -8.30%.

Insider Transactions at Delek US

In related news, CFO Robert G. Wright sold 7,135 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $29.24, for a total value of $208,627.40. Following the transaction, the chief financial officer directly owned 48,294 shares in the company, valued at approximately $1,412,116.56. This trade represents a 12.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DK. CWM LLC boosted its holdings in Delek US by 100.9% in the 1st quarter. CWM LLC now owns 2,318 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 1,164 shares during the period. AlphaQuest LLC boosted its holdings in Delek US by 7,331.8% in the 2nd quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 1,613 shares during the period. Creative Financial Designs Inc. ADV bought a new stake in Delek US in the 1st quarter valued at $47,000. GAMMA Investing LLC boosted its holdings in Delek US by 907.0% in the 1st quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company’s stock valued at $63,000 after purchasing an additional 3,746 shares during the period. Finally, State of Wyoming bought a new stake in Delek US in the 1st quarter valued at $95,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.