Citigroup Issues Positive Forecast for Delek US (NYSE:DK) Stock Price

Delek US (NYSE:DK) had its target price upped by Citigroup from $33.00 to $44.00 in a report released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the oil and gas company’s stock.

Other analysts have also recently issued research reports about the company. UBS Group increased their target price on Delek US from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday. JPMorgan Chase & Co. decreased their target price on Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 15th. Piper Sandler decreased their target price on Delek US from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Delek US in a report on Wednesday, January 21st. Finally, Mizuho increased their target price on Delek US from $51.00 to $54.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $44.00.

Delek US Stock Performance

Delek US stock opened at $41.03 on Monday. The company has a debt-to-equity ratio of 5.89, a current ratio of 0.82 and a quick ratio of 0.53. The stock has a fifty day moving average price of $39.92 and a two-hundred day moving average price of $36.00. Delek US has a 52-week low of $11.94 and a 52-week high of $48.32. The firm has a market capitalization of $2.45 billion, a P/E ratio of -117.23, a P/E/G ratio of 1.29 and a beta of 0.68.

Delek US (NYSE:DK) last announced its earnings results on Friday, February 27th. The oil and gas company reported $0.44 EPS for the quarter, topping the consensus estimate of ($0.19) by $0.63. The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Delek US had a negative return on equity of 13.55% and a negative net margin of 0.21%.The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($2.54) earnings per share. As a group, analysts anticipate that Delek US will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.255 per share. The ex-dividend date was Monday, March 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 2.5%. Delek US’s dividend payout ratio (DPR) is -291.43%.

Insider Activity

In other Delek US news, EVP Joseph Israel sold 38,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $40.65, for a total transaction of $1,544,700.00. Following the transaction, the executive vice president owned 55,623 shares in the company, valued at approximately $2,261,074.95. This trade represents a 40.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Denise Clark Mcwatters sold 11,988 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $41.33, for a total value of $495,464.04. Following the transaction, the executive vice president owned 74,196 shares in the company, valued at approximately $3,066,520.68. This trade represents a 13.91% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 172,095 shares of company stock valued at $7,257,409. Insiders own 3.56% of the company’s stock.

Institutional Investors Weigh In On Delek US

Hedge funds have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its position in shares of Delek US by 95.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 432 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Delek US during the third quarter worth about $27,000. EverSource Wealth Advisors LLC raised its position in shares of Delek US by 173.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 614 shares during the period. Torren Management LLC acquired a new stake in shares of Delek US during the fourth quarter worth about $40,000. Finally, Focus Partners Wealth acquired a new stake in shares of Delek US during the third quarter worth about $44,000. Institutional investors and hedge funds 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.