Wells Fargo & Company Lowers Delek US (NYSE:DK) Price Target to $15.00

Delek US (NYSE:DK) had its price objective lowered by equities researchers at Wells Fargo & Company from $17.00 to $15.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “underweight” rating on the oil and gas company’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 5.33% from the company’s current price.

A number of other analysts have also recently commented on DK. JPMorgan Chase & Co. lifted their target price on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Mizuho decreased their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Five research analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $20.90.

Delek US Stock Performance

Shares of DK opened at $15.84 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The firm has a market cap of $1.00 billion, a PE ratio of -3.26 and a beta of 1.20. Delek US has a 12 month low of $15.02 and a 12 month high of $33.60. The stock has a fifty day moving average price of $18.15 and a 200-day moving average price of $18.57.

Delek US (NYSE:DK) last released its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). The business had revenue of $2.37 billion during the quarter, compared to analysts’ expectations of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company’s quarterly revenue was down 39.8% compared to the same quarter last year. During the same quarter last year, the business posted ($1.46) earnings per share. Equities research analysts predict that Delek US will post -5.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Delek US

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rubric Capital Management LP acquired a new position in shares of Delek US in the 3rd quarter valued at about $37,500,000. Philosophy Capital Management LLC acquired a new position in Delek US in the third quarter valued at approximately $21,471,000. Millennium Management LLC boosted its position in Delek US by 1,199.2% in the 4th quarter. Millennium Management LLC now owns 870,257 shares of the oil and gas company’s stock worth $16,100,000 after purchasing an additional 803,274 shares in the last quarter. Deprince Race & Zollo Inc. acquired a new stake in shares of Delek US during the 4th quarter worth approximately $13,680,000. Finally, International Assets Investment Management LLC increased its holdings in shares of Delek US by 1,753.2% during the 3rd quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company’s stock valued at $12,160,000 after purchasing an additional 613,514 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

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.