Delek US (NYSE:DK) Given New $11.00 Price Target at Wells Fargo & Company

Delek US (NYSE:DK) had its price target cut by Wells Fargo & Company from $16.00 to $11.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has an underweight rating on the oil and gas company’s stock.

Several other equities research analysts also recently weighed in on DK. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. UBS Group cut their target price on shares of Delek US from $21.00 to $13.25 and set a “neutral” rating on the stock in a research note on Wednesday, April 9th. Mizuho reduced their target price on shares of Delek US from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Wednesday, April 9th. Raymond James lowered their price target on shares of Delek US from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, Scotiabank reduced their price objective on shares of Delek US from $24.00 to $14.00 and set a “sector perform” rating on the stock in a report on Friday, April 11th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, Delek US currently has an average rating of “Hold” and an average price target of $17.48.

Delek US Trading Down 0.2 %

NYSE DK opened at $12.11 on Wednesday. Delek US has a one year low of $11.03 and a one year high of $30.84. The firm has a 50 day simple moving average of $15.32 and a 200-day simple moving average of $17.20. The firm has a market cap of $757.03 million, a price-to-earnings ratio of -2.49 and a beta of 1.04. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04.

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

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 8.42%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US’s dividend payout ratio (DPR) is -11.54%.

Insider Activity at Delek US

In other news, CFO Mark Wayne Hobbs purchased 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the purchase, the chief financial officer now directly owns 49,138 shares of the company’s stock, valued at $673,190.60. This represents a 6.04 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 5,055 shares of company stock valued at $70,787 over the last ninety days. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Delek US

Several large investors have recently modified their holdings of the company. Sterling Capital Management LLC raised its holdings in shares of 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 valued at $28,000 after buying an additional 1,311 shares during the last quarter. GAMMA Investing LLC increased 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 valued at $63,000 after acquiring an additional 3,746 shares during the period. KBC Group NV increased its position in 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 acquiring an additional 1,538 shares during the period. Farther Finance Advisors LLC raised its stake in Delek US by 77.4% during the 1st quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 3,105 shares during the last quarter. Finally, Net Worth Advisory Group acquired a new stake in Delek US during the 1st quarter worth approximately $159,000. 97.01% of the stock is owned by institutional investors and hedge funds.

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.