Delek US (NYSE:DK) Price Target Lowered to $25.00 at Mizuho

Delek US (NYSE:DK) had its price objective trimmed by Mizuho from $26.00 to $25.00 in a report released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the oil and gas company’s stock.

Several other analysts also recently issued reports on DK. Wells Fargo & Company lowered their price target on Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Monday, December 9th. Bank of America initiated coverage on Delek US in a research report on Thursday, October 17th. They set an “underperform” rating and a $15.00 price target on the stock. Scotiabank lowered their price objective on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. Morgan Stanley reduced their target price on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Monday, September 16th. Finally, StockNews.com downgraded shares of Delek US from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Six investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $21.00.

Delek US Price Performance

DK stock opened at $16.81 on Monday. The stock has a 50-day moving average price of $17.85 and a two-hundred day moving average price of $20.42. The company has a market cap of $1.06 billion, a PE ratio of -3.46 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. Delek US has a 12-month low of $15.36 and a 12-month high of $33.60.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating the consensus estimate of ($1.71) by $0.26. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter last year, the firm posted $2.02 earnings per share. Delek US’s revenue for the quarter was down 34.3% compared to the same quarter last year. As a group, research analysts predict that Delek US will post -4.4 EPS for the current year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a $0.255 dividend. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 annualized dividend and a dividend yield of 6.07%. Delek US’s payout ratio is -20.99%.

Institutional Trading of Delek US

Institutional investors have recently added to or reduced their stakes in the business. Clifford Capital Partners LLC bought a new position in Delek US in the third quarter worth about $7,504,000. Point72 Asset Management L.P. bought a new stake in Delek US in the second quarter valued at $19,806,000. Easterly Investment Partners LLC grew its position in shares of Delek US by 26.7% during the second quarter. Easterly Investment Partners LLC now owns 457,536 shares of the oil and gas company’s stock worth $11,329,000 after acquiring an additional 96,531 shares during the last quarter. Burney Co. bought a new stake in Delek US in the 2nd quarter valued at about $1,111,000. Finally, International Assets Investment Management LLC grew its position in Delek US by 1,753.2% in the 3rd quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company’s stock worth $12,160,000 after purchasing an additional 613,514 shares during the last quarter. Institutional investors 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.