UBS Group Cuts Delek US (NYSE:DK) Price Target to $13.25

Delek US (NYSE:DK) had its price objective decreased by UBS Group from $21.00 to $13.25 in a research report released on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the oil and gas company’s stock.

Several other brokerages have also issued reports on DK. JPMorgan Chase & Co. boosted their target price on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Wells Fargo & Company lifted their price objective on shares of Delek US from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Friday, March 21st. Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Piper Sandler reduced their target price on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Finally, Mizuho lowered their price target on Delek US from $25.00 to $22.00 and set a “neutral” rating for the company in a report on Wednesday. Five analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $17.93.

Delek US Stock Performance

NYSE:DK opened at $12.48 on Wednesday. The firm has a market capitalization of $779.97 million, a PE ratio of -2.57 and a beta of 1.04. The stock’s fifty day moving average is $15.72 and its 200 day moving average is $17.33. Delek US has a fifty-two week low of $11.03 and a fifty-two week high of $32.09. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04.

Delek US (NYSE:DK) last posted its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company’s revenue was down 39.8% on a year-over-year basis. During the same quarter last year, the firm earned ($1.46) EPS. On average, sell-side analysts anticipate that Delek US will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 8.18%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US’s payout ratio is -11.54%.

Insider Buying and Selling

In other news, CFO Mark Wayne Hobbs acquired 2,800 shares of Delek US stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the purchase, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60. The trade was a 6.04 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders purchased 5,055 shares of company stock worth $70,787 in the last three months. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Delek US

Several institutional investors and hedge funds have recently bought and sold shares of the company. Kawa Capital Management Inc acquired a new stake in shares of Delek US in the 4th quarter worth $4,297,000. JPMorgan Chase & Co. raised its stake in Delek US by 76.8% in the third quarter. JPMorgan Chase & Co. now owns 482,169 shares of the oil and gas company’s stock valued at $9,041,000 after buying an additional 209,474 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Delek US in the fourth quarter worth about $528,000. Charles Schwab Investment Management Inc. grew its stake in shares of Delek US by 6.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 766,807 shares of the oil and gas company’s stock worth $14,186,000 after acquiring an additional 45,017 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Delek US by 4.5% during the third quarter. Geode Capital Management LLC now owns 1,459,301 shares of the oil and gas company’s stock valued at $27,368,000 after acquiring an additional 63,502 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other 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.