Delek US (NYSE:DK) Upgraded at Wolfe Research

Delek US (NYSE:DK) was upgraded by analysts at Wolfe Research from an “underperform” rating to a “peer perform” rating in a note issued to investors on Friday, Marketbeat Ratings reports.

A number of other brokerages have also commented on DK. Piper Sandler cut their price target on Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, September 20th. JPMorgan Chase & Co. increased their price target on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Mizuho decreased their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company cut their price objective on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, December 9th. Finally, StockNews.com lowered Delek US from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. Five investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. According to data from MarketBeat, Delek US has an average rating of “Hold” and an average price target of $21.00.

Delek US Stock Performance

NYSE:DK opened at $18.62 on Friday. The firm has a market capitalization of $1.18 billion, a PE ratio of -3.83 and a beta of 1.22. Delek US has a 1 year low of $15.36 and a 1 year high of $33.60. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The firm’s fifty day simple moving average is $17.79 and its 200 day simple moving average is $19.83.

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

Hedge Funds Weigh In On Delek US

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Wakefield Asset Management LLLP bought a new position in shares of Delek US during the second quarter valued at $826,000. Chesapeake Capital Corp IL bought a new position in Delek US during the 2nd quarter valued at about $223,000. SIR Capital Management L.P. boosted its position in Delek US by 37.2% in the second quarter. SIR Capital Management L.P. now owns 876,133 shares of the oil and gas company’s stock valued at $21,693,000 after buying an additional 237,734 shares in the last quarter. Thoroughbred Financial Services LLC grew its stake in Delek US by 2.5% during the second quarter. Thoroughbred Financial Services LLC now owns 50,394 shares of the oil and gas company’s stock worth $1,247,000 after buying an additional 1,246 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Delek US by 53.7% during the second quarter. Envestnet Asset Management Inc. now owns 80,782 shares of the oil and gas company’s stock worth $2,000,000 after buying an additional 28,216 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

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.