Delek US (NYSE:DK) Given New $33.00 Price Target at Citigroup

Delek US (NYSE:DK) had its price target lowered by Citigroup from $37.00 to $33.00 in a research report report published on Monday,Benzinga reports. The firm currently has a neutral rating on the oil and gas company’s stock.

A number of other research analysts also recently issued reports on DK. Piper Sandler reduced their price objective on Delek US from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Morgan Stanley boosted their price target on shares of Delek US from $34.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, November 14th. TD Cowen raised their price objective on shares of Delek US from $28.00 to $36.00 and gave the stock a “hold” rating in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Delek US in a research report on Wednesday, January 21st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 15th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $39.00.

Delek US Trading Down 1.8%

NYSE:DK opened at $27.70 on Monday. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.58 and a current ratio of 0.86. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -3.39 and a beta of 0.81. Delek US has a 52 week low of $11.02 and a 52 week high of $43.50. The firm has a 50-day moving average price of $32.70 and a two-hundred day moving average price of $31.04.

Delek US (NYSE:DK) last announced its earnings results on Friday, November 7th. The oil and gas company reported $7.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $6.85. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.76 billion. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%.The company’s revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.45) EPS. On average, equities analysts expect that Delek US will post -5.5 earnings per share for the current fiscal year.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 17th. Stockholders of record on Monday, November 10th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, November 10th. Delek US’s dividend payout ratio (DPR) is presently -12.50%.

Insider Activity

In other news, EVP Reuven Spiegel sold 27,000 shares of Delek US stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $41.36, for a total value of $1,116,720.00. Following the completion of the transaction, the executive vice president directly owned 23,020 shares in the company, valued at approximately $952,107.20. The trade was a 53.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph Israel sold 20,028 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $41.12, for a total value of $823,551.36. Following the sale, the executive vice president directly owned 62,793 shares in the company, valued at $2,582,048.16. This trade represents a 24.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 59,354 shares of company stock worth $2,446,658. 1.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Burney Co. purchased a new stake in Delek US in the fourth quarter valued at approximately $2,198,000. Range Financial Group LLC purchased a new position in Delek US in the 4th quarter worth approximately $1,016,000. Wedge Capital Management L L P NC increased its holdings in shares of Delek US by 14.3% in the 4th quarter. Wedge Capital Management L L P NC now owns 24,790 shares of the oil and gas company’s stock worth $735,000 after buying an additional 3,103 shares during the last quarter. Net Worth Advisory Group raised its position in shares of Delek US by 19.7% during the 4th quarter. Net Worth Advisory Group now owns 13,639 shares of the oil and gas company’s stock valued at $405,000 after buying an additional 2,240 shares in the last quarter. Finally, Contravisory Investment Management Inc. purchased a new stake in shares of Delek US during the 4th quarter valued at $184,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.