Mizuho Cuts Delek US (NYSE:DK) Price Target to $22.00

Delek US (NYSE:DK) had its price target decreased by equities researchers at Mizuho from $25.00 to $22.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s target price indicates a potential upside of 82.35% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Piper Sandler reduced 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 note on Friday, March 7th. Wells Fargo & Company boosted their price target on Delek US from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Friday, March 21st. JPMorgan Chase & Co. increased their price objective on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Finally, Morgan Stanley decreased their target price on Delek US from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, March 14th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Delek US presently has a consensus rating of “Hold” and an average price target of $18.66.

Delek US Stock Down 8.0 %

DK opened at $12.07 on Wednesday. The company has a market capitalization of $754.22 million, a PE ratio of -2.48 and a beta of 1.04. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. Delek US has a fifty-two week low of $11.03 and a fifty-two week high of $32.09. The business has a 50-day moving average of $15.86 and a 200-day moving average of $17.37.

Delek US (NYSE:DK) last issued its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing the consensus estimate of ($1.53) by ($1.01). The business 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%. Delek US’s revenue was down 39.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.46) EPS. Equities research analysts forecast that Delek US will post -5.5 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Mark Wayne Hobbs purchased 2,800 shares of the business’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $13.70 per share, with a total value of $38,360.00. Following the acquisition, the chief financial officer now directly owns 49,138 shares in the company, valued at approximately $673,190.60. The trade was a 6.04 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Over the last quarter, insiders have purchased 5,055 shares of company stock valued at $70,787. 1.80% of the stock is owned by company insiders.

Institutional Trading of Delek US

Institutional investors and hedge funds have recently modified their holdings of the company. Sterling Capital Management LLC raised its position in Delek US by 728.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 1,311 shares in the last quarter. KBC Group NV grew its stake in shares of Delek US by 66.3% in the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after purchasing an additional 1,538 shares during the period. GAMMA Investing LLC raised its holdings in shares of Delek US by 907.0% in the 1st quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company’s stock worth $63,000 after buying an additional 3,746 shares in the last quarter. ARS Investment Partners LLC acquired a new position in shares of Delek US in the 4th quarter worth approximately $185,000. Finally, Abel Hall LLC bought a new position in shares of Delek US during the 4th quarter worth approximately $196,000. 97.01% of the stock is currently owned by institutional investors.

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.