A number of research firms have changed their ratings and price targets for Delek US (NYSE: DK):
- 9/21/2022 – Delek US had its price target raised by analysts at Wells Fargo & Company from $37.00 to $40.00. They now have an "overweight" rating on the stock.
- 9/20/2022 – Delek US had its price target raised by analysts at Cowen Inc. to $30.00.
- 9/14/2022 – Delek US was upgraded by analysts at Wolfe Research from a "peer perform" rating to an "outperform" rating. They now have a $49.00 price target on the stock.
- 9/12/2022 – Delek US had its price target lowered by analysts at Piper Sandler from $47.00 to $46.00. They now have an "overweight" rating on the stock.
- 9/9/2022 – Delek US had its price target raised by analysts at Raymond James from $35.00 to $37.00. They now have an "outperform" rating on the stock.
- 9/6/2022 – Delek US had its price target raised by analysts at The Goldman Sachs Group, Inc. to $34.00.
- 8/5/2022 – Delek US had its price target raised by analysts at Raymond James from $32.00 to $35.00. They now have an "outperform" rating on the stock.
- 8/4/2022 – Delek US was upgraded by analysts at TheStreet from a "c" rating to a "b-" rating.
Delek US Price Performance
NYSE DK opened at $27.36 on Friday. Delek US Holdings, Inc. has a one year low of $14.07 and a one year high of $35.23. The stock has a 50-day moving average of $26.95 and a 200 day moving average of $25.87. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 5.69, a PEG ratio of 0.19 and a beta of 1.51. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 1.08.
Get Delek US Holdings Inc alerts:Delek US (NYSE:DK – Get Rating) last released its quarterly earnings data on Thursday, August 4th. The oil and gas company reported $4.40 EPS for the quarter, topping the consensus estimate of $2.47 by $1.93. The company had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $4.09 billion. Delek US had a return on equity of 30.44% and a net margin of 2.09%. Delek US's revenue for the quarter was up 173.0% on a year-over-year basis. During the same period last year, the company earned ($0.88) EPS. On average, sell-side analysts forecast that Delek US Holdings, Inc. will post 9.44 EPS for the current year.
Delek US Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd were given a $0.20 dividend. The ex-dividend date was Friday, August 19th. This represents a $0.80 annualized dividend and a yield of 2.92%. Delek US's payout ratio is 16.63%.Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Holdings Inc. lifted its position in shares of Delek US by 44.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company's stock valued at $33,000 after buying an additional 486 shares in the last quarter. Pinebridge Investments L.P. lifted its position in shares of Delek US by 386.3% during the 2nd quarter. Pinebridge Investments L.P. now owns 1,945 shares of the oil and gas company's stock valued at $50,000 after buying an additional 1,545 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Delek US by 61.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,086 shares of the oil and gas company's stock valued at $44,000 after buying an additional 793 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of Delek US during the 2nd quarter valued at about $81,000. Finally, Captrust Financial Advisors lifted its position in shares of Delek US by 354.4% during the 2nd quarter. Captrust Financial Advisors now owns 4,626 shares of the oil and gas company's stock valued at $120,000 after buying an additional 3,608 shares in the last quarter. 94.99% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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