Delek US (NYSE:DK) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Delek US (NYSE:DK) had its price objective boosted by equities researchers at Wells Fargo & Company from $15.00 to $16.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “underweight” rating on the oil and gas company’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 8.38% from the company’s previous close.

A number of other equities analysts have also weighed in on DK. Mizuho decreased their target price on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Morgan Stanley cut their price target on Delek US from $19.00 to $18.00 and set an “underweight” rating for the company in a research note on Friday, March 14th. Piper Sandler cut their price target on Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Finally, JPMorgan Chase & Co. boosted their price target on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Five research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.40.

Delek US Price Performance

DK opened at $17.46 on Friday. The stock has a 50-day moving average price of $17.47 and a 200-day moving average price of $18.02. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The firm has a market cap of $1.09 billion, a PE ratio of -3.59 and a beta of 1.14. Delek US has a 1 year low of $13.40 and a 1 year high of $33.60.

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

Insiders Place Their Bets

In other Delek US news, CFO Mark Wayne Hobbs purchased 2,800 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost 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 trade represents a 6.04 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 5,055 shares of company stock worth $70,787 in the last three months. 1.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quest Partners LLC raised its holdings in shares of Delek US by 279.4% during the 3rd quarter. Quest Partners LLC now owns 22,163 shares of the oil and gas company’s stock worth $416,000 after acquiring an additional 16,321 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of Delek US during the 3rd quarter worth approximately $363,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Delek US by 10.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 721,790 shares of the oil and gas company’s stock worth $13,534,000 after acquiring an additional 68,416 shares in the last quarter. DRW Securities LLC purchased a new stake in shares of Delek US during the 3rd quarter worth approximately $1,782,000. Finally, FMR LLC raised its holdings in shares of Delek US by 47.3% during the 3rd quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock worth $32,021,000 after acquiring an additional 548,777 shares in the last quarter. 97.01% of the stock is currently owned by 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.