Delek US (NYSE:DK) PT Lowered to $23.00 at JPMorgan Chase & Co.

Delek US (NYSE:DK) had its price objective reduced by JPMorgan Chase & Co. from $25.00 to $23.00 in a report published on Tuesday, Benzinga reports. They currently have an underweight rating on the oil and gas company’s stock.

Several other research firms also recently issued reports on DK. Scotiabank upped their price target on Delek US from $25.00 to $27.00 and gave the stock a sector perform rating in a research note on Thursday, April 11th. Piper Sandler decreased their target price on Delek US from $30.00 to $25.00 and set a neutral rating for the company in a research report on Friday, June 14th. Wells Fargo & Company dropped their price target on shares of Delek US from $26.00 to $25.00 and set an underweight rating on the stock in a research report on Thursday, June 6th. Bank of America boosted their price objective on shares of Delek US from $30.00 to $32.00 and gave the stock a neutral rating in a research note on Friday, March 15th. Finally, UBS Group raised their target price on shares of Delek US from $30.00 to $32.00 and gave the company a neutral rating in a research note on Thursday, April 4th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Delek US has a consensus rating of Hold and a consensus target price of $26.80.

Delek US Price Performance

Shares of DK opened at $24.60 on Tuesday. The company has a debt-to-equity ratio of 2.40, a quick ratio of 0.64 and a current ratio of 1.04. The firm has a market cap of $1.58 billion, a PE ratio of -19.84 and a beta of 1.19. The firm’s 50 day moving average price is $26.17 and its 200 day moving average price is $27.23. Delek US has a twelve month low of $21.68 and a twelve month high of $33.60.

Delek US (NYSE:DK) last released its quarterly earnings results on Tuesday, May 7th. The oil and gas company reported ($0.41) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.56) by $0.15. The business had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.28 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 7.37%. Delek US’s revenue for the quarter was down 17.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 EPS. As a group, research analysts expect that Delek US will post 0.5 EPS for the current fiscal year.

Delek US Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 17th were issued a dividend of $0.25 per share. This is an increase from Delek US’s previous quarterly dividend of $0.25. The ex-dividend date was Thursday, May 16th. This represents a $1.00 annualized dividend and a dividend yield of 4.07%. Delek US’s payout ratio is presently -80.65%.

Insider Activity at Delek US

In other news, Director Richard J. Marcogliese acquired 2,750 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were bought at an average price of $23.99 per share, with a total value of $65,972.50. Following the acquisition, the director now owns 42,863 shares of the company’s stock, valued at $1,028,283.37. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders sold 2,854 shares of company stock worth $78,241. Company insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On Delek US

A number of hedge funds have recently made changes to their positions in the business. Spirit of America Management Corp NY bought a new stake in Delek US in the fourth quarter valued at about $26,000. Newbridge Financial Services Group Inc. acquired a new position in shares of Delek US in the 1st quarter worth approximately $31,000. Strs Ohio bought a new position in shares of Delek US during the 4th quarter worth approximately $95,000. TFO Wealth Partners LLC boosted its stake in Delek US by 627,400.0% in the 4th quarter. TFO Wealth Partners LLC now owns 6,275 shares of the oil and gas company’s stock valued at $162,000 after buying an additional 6,274 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Delek US in the first quarter valued at $172,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.