Shares of Delek US Holdings, Inc. (NYSE:DK – Get Rating) gapped up prior to trading on Thursday after Wells Fargo & Company raised their price target on the stock from $37.00 to $40.00. The stock had previously closed at $26.33, but opened at $27.19. Wells Fargo & Company currently has an overweight rating on the stock. Delek US shares last traded at $26.94, with a volume of 249 shares.
Other analysts have also issued research reports about the company. The Goldman Sachs Group lifted their price objective on Delek US to $34.00 in a report on Tuesday, September 6th. Credit Suisse Group lifted their price objective on Delek US to $32.00 in a report on Thursday, June 9th. Cowen lifted their price objective on Delek US to $30.00 in a report on Tuesday. Piper Sandler cut their price objective on Delek US from $47.00 to $46.00 and set an "overweight" rating for the company in a report on Monday, September 12th. Finally, Morgan Stanley lifted their price objective on Delek US from $25.00 to $27.00 and gave the stock an "underweight" rating in a report on Friday, July 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $31.92.
Get Delek US alerts:Institutional Trading of Delek US
Hedge funds have recently bought and sold shares of the stock. Advisor Group Holdings Inc. grew its holdings in Delek US by 44.3% during the first quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company's stock valued at $33,000 after purchasing an additional 486 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Delek US by 61.3% in the first quarter. Parkside Financial Bank & Trust now owns 2,086 shares of the oil and gas company's stock worth $44,000 after acquiring an additional 793 shares during the period. Pinebridge Investments L.P. boosted its stake in shares of Delek US by 386.3% in the second quarter. Pinebridge Investments L.P. now owns 1,945 shares of the oil and gas company's stock worth $50,000 after acquiring an additional 1,545 shares during the period. Eagle Bay Advisors LLC bought a new position in shares of Delek US in the second quarter worth about $81,000. Finally, Captrust Financial Advisors boosted its stake in shares of Delek US by 354.4% in the second quarter. Captrust Financial Advisors now owns 4,626 shares of the oil and gas company's stock worth $120,000 after acquiring an additional 3,608 shares during the period. Institutional investors own 94.99% of the company's stock.
Delek US Stock Performance
The stock has a market cap of $1.94 billion, a P/E ratio of 5.54, a price-to-earnings-growth ratio of 0.19 and a beta of 1.51. The company has a quick ratio of 0.65, a current ratio of 1.08 and a debt-to-equity ratio of 2.05. The business has a 50 day moving average price of $26.84 and a two-hundred day moving average price of $25.81.Delek US (NYSE:DK – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The oil and gas company reported $4.40 earnings per share for the quarter, topping analysts' consensus estimates of $2.47 by $1.93. The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $4.09 billion. Delek US had a return on equity of 30.44% and a net margin of 2.09%. The business's quarterly revenue was up 173.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.88) earnings per share. On average, sell-side analysts forecast that Delek US Holdings, Inc. will post 9.44 earnings per share for the current fiscal year.
Delek US Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Friday, August 19th. Delek US's dividend payout ratio (DPR) is 16.63%.
About Delek US
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Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. 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.
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