TD Cowen Trims Delek US (NYSE:DK) Target Price to $25.00

Delek US (NYSE:DK) had its target price reduced by TD Cowen from $27.00 to $25.00 in a research report issued on Wednesday, Briefing.com reports. The brokerage currently has a “hold” rating on the oil and gas company’s stock. TD Cowen’s price objective suggests a potential downside of 10.49% from the company’s previous close.

Several other equities analysts have also recently issued reports on the stock. Scotiabank increased their price target on shares of Delek US from $25.00 to $27.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 11th. Bank of America raised their target price on Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Mizuho upped their price target on Delek US from $26.00 to $30.00 and gave the stock an “underperform” rating in a research note on Friday, March 22nd. Wells Fargo & Company raised their price objective on Delek US from $21.00 to $26.00 and gave the company an “underweight” rating in a research report on Wednesday, March 20th. Finally, StockNews.com downgraded shares of Delek US from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.67.

Delek US Trading Up 4.6 %

NYSE DK opened at $27.93 on Wednesday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.63 and a current ratio of 0.99. Delek US has a fifty-two week low of $20.89 and a fifty-two week high of $33.60. The stock has a market cap of $1.79 billion, a P/E ratio of 126.95 and a beta of 1.34. The stock has a 50 day simple moving average of $29.12 and a two-hundred day simple moving average of $27.44.

Delek US (NYSE:DK) last announced its quarterly earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) EPS for the quarter, missing analysts’ consensus estimates of ($1.28) by ($0.18). Delek US had a return on equity of 18.27% and a net margin of 0.12%. The business had revenue of $4.05 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same period in the previous year, the business earned $0.88 EPS. The business’s revenue was down 9.6% compared to the same quarter last year. On average, analysts forecast that Delek US will post 1.38 earnings per share for the current year.

Insiders Place Their Bets

In other Delek US news, CFO Robert G. Wright sold 2,123 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $28.50, for a total transaction of $60,505.50. Following the transaction, the chief financial officer now owns 18,925 shares in the company, valued at approximately $539,362.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last quarter, insiders sold 4,976 shares of company stock valued at $141,243. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Delek US

A number of hedge funds have recently added to or reduced their stakes in DK. SummerHaven Investment Management LLC grew its holdings in shares of Delek US by 1.3% in the fourth quarter. SummerHaven Investment Management LLC now owns 31,891 shares of the oil and gas company’s stock worth $823,000 after acquiring an additional 404 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Delek US by 4.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,817 shares of the oil and gas company’s stock valued at $382,000 after purchasing an additional 688 shares during the last quarter. Spirit of America Management Corp NY bought a new position in shares of Delek US in the 4th quarter worth approximately $26,000. Newbridge Financial Services Group Inc. bought a new stake in Delek US during the first quarter valued at approximately $31,000. Finally, SYSTM Wealth Solutions LLC increased its holdings in Delek US by 5.1% during the first quarter. SYSTM Wealth Solutions LLC now owns 28,017 shares of the oil and gas company’s stock valued at $861,000 after buying an additional 1,370 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.