Wall Street Zen Upgrades Delek US (NYSE:DK) to Hold

Wall Street Zen upgraded shares of Delek US (NYSE:DK) from a sell rating to a hold rating in a research report report published on Friday.

A number of other equities research analysts also recently weighed in on the company. Citigroup reaffirmed a “neutral” rating and set a $30.00 price objective (up from $15.00) on shares of Delek US in a report on Wednesday, July 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Delek US in a report on Saturday, September 27th. UBS Group lifted their price objective on Delek US from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, September 2nd. TD Cowen raised Delek US from a “sell” rating to a “hold” rating and lifted their price objective for the company from $15.00 to $28.00 in a report on Friday, September 19th. Finally, Wolfe Research raised Delek US from a “peer perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a report on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $27.69.

Delek US Stock Down 0.1%

DK stock opened at $32.27 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 10.48. The business’s 50-day simple moving average is $27.13 and its 200 day simple moving average is $21.28. The company has a market cap of $1.94 billion, a PE ratio of -2.63 and a beta of 1.01. Delek US has a twelve month low of $11.02 and a twelve month high of $34.50.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported ($0.56) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.92) by $0.36. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.68 billion. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%.The company’s quarterly revenue was down 16.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.92) earnings per share. On average, research analysts anticipate that Delek US will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, August 11th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, August 11th. Delek US’s payout ratio is presently -8.30%.

Insider Activity at Delek US

In related news, CFO Robert G. Wright sold 7,135 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $29.24, for a total value of $208,627.40. Following the completion of the transaction, the chief financial officer owned 48,294 shares in the company, valued at $1,412,116.56. The trade was a 12.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DK. GAMMA Investing LLC raised its position in 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 purchasing an additional 3,746 shares during the last quarter. Rhumbline Advisers raised its position in Delek US by 3.4% in the 1st quarter. Rhumbline Advisers now owns 121,201 shares of the oil and gas company’s stock worth $1,826,000 after purchasing an additional 4,031 shares during the last quarter. Wedge Capital Management L L P NC raised its position in Delek US by 15.1% in the 1st quarter. Wedge Capital Management L L P NC now owns 36,666 shares of the oil and gas company’s stock worth $553,000 after purchasing an additional 4,810 shares during the last quarter. Farther Finance Advisors LLC raised its position in Delek US by 77.4% in the 1st quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company’s stock worth $110,000 after purchasing an additional 3,105 shares during the last quarter. Finally, Net Worth Advisory Group bought a new position in Delek US in the 1st quarter worth approximately $159,000. Institutional investors own 97.01% of the company’s stock.

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.