Raymond James Financial Raises Delek US (NYSE:DK) Price Target to $23.00

Delek US (NYSE:DK) had its target price increased by stock analysts at Raymond James Financial from $22.00 to $23.00 in a report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the oil and gas company’s stock. Raymond James Financial’s price objective would suggest a potential upside of 6.08% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. The Goldman Sachs Group upped their price objective on shares of Delek US from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Friday, May 23rd. UBS Group cut their price objective on shares of Delek US from $21.00 to $13.25 and set a “neutral” rating for the company in a research report on Wednesday, April 9th. Scotiabank cut their price objective on shares of Delek US from $24.00 to $14.00 and set a “sector perform” rating for the company in a research report on Friday, April 11th. Piper Sandler cut their price objective on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, Mizuho raised shares of Delek US from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $22.00 to $23.00 in a research report on Tuesday, May 13th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $17.60.

Delek US Trading Up 2.4%

Shares of Delek US stock opened at $21.68 on Monday. The firm has a 50-day moving average of $18.23 and a 200-day moving average of $17.08. The stock has a market cap of $1.32 billion, a PE ratio of -1.95 and a beta of 0.98. Delek US has a 52-week low of $11.03 and a 52-week high of $25.68. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.53 and a current ratio of 0.85.

Delek US (NYSE:DK) last announced its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.27) by ($0.05). The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.56 billion. Delek US had a negative net margin of 6.10% and a negative return on equity of 63.88%. The company’s revenue was down 18.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.41) EPS. As a group, sell-side analysts forecast that Delek US will post -5.5 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ion Asset Management Ltd. increased its stake in shares of Delek US by 6.4% in the first quarter. Ion Asset Management Ltd. now owns 3,676,400 shares of the oil and gas company’s stock valued at $55,403,000 after buying an additional 221,400 shares during the period. Barclays PLC increased its stake in shares of Delek US by 23.1% in the fourth quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company’s stock valued at $34,078,000 after buying an additional 345,210 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Delek US by 35.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,037,599 shares of the oil and gas company’s stock valued at $15,637,000 after buying an additional 270,792 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Delek US by 21.9% in the fourth quarter. Nuveen Asset Management LLC now owns 1,005,309 shares of the oil and gas company’s stock valued at $18,598,000 after buying an additional 180,498 shares during the period. Finally, Northern Trust Corp increased its stake in shares of Delek US by 9.2% in the first quarter. Northern Trust Corp now owns 987,086 shares of the oil and gas company’s stock valued at $14,875,000 after buying an additional 83,246 shares during the period. 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.