Delek US (NYSE:DK) Given New $25.00 Price Target at Mizuho

Delek US (NYSE:DK) had its price target cut by Mizuho from $26.00 to $25.00 in a research note released on Monday morning,Benzinga reports. They currently have a neutral rating on the oil and gas company’s stock.

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

Delek US Stock Down 5.4 %

DK stock opened at $16.50 on Monday. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The firm’s 50-day simple moving average is $17.94 and its 200 day simple moving average is $20.50. The stock has a market cap of $1.04 billion, a PE ratio of -3.40 and a beta of 1.22. Delek US has a fifty-two week low of $15.36 and a fifty-two week high of $33.60.

Delek US (NYSE:DK) last released its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. The company had revenue of $3.04 billion for 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 business’s revenue for the quarter was down 34.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.02 earnings per share. As a group, sell-side analysts predict that Delek US will post -4.4 EPS for the current year.

Delek US Announces Dividend

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

Institutional Investors Weigh In On Delek US

Large investors have recently bought and sold shares of the business. River Road Asset Management LLC grew its stake in shares of Delek US by 1.1% during the third quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company’s stock valued at $76,880,000 after purchasing an additional 45,949 shares during the last quarter. Victory Capital Management Inc. boosted its position in Delek US by 17.2% in the 3rd quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock valued at $61,492,000 after buying an additional 480,614 shares during the last quarter. State Street Corp increased its stake in shares of Delek US by 8.0% in the 3rd quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company’s stock valued at $56,612,000 after buying an additional 223,110 shares during the period. Rubric Capital Management LP bought a new stake in shares of Delek US during the third quarter worth $37,500,000. Finally, FMR LLC boosted its holdings in Delek US by 47.3% in the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock valued at $32,021,000 after acquiring an additional 548,777 shares during the last quarter. 97.01% of the stock is currently 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.