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

Delek US (NYSE:DK) had its price objective lowered by Wells Fargo & Company from $17.00 to $15.00 in a report published on Wednesday,Benzinga reports. Wells Fargo & Company currently has an underweight rating on the oil and gas company’s stock.

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

Delek US Stock Up 2.9 %

Shares of NYSE:DK opened at $16.31 on Wednesday. The company has a 50 day moving average price of $18.16 and a two-hundred day moving average price of $18.54. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The company has a market capitalization of $1.03 billion, a PE ratio of -3.36 and a beta of 1.20. Delek US has a 52 week low of $15.02 and a 52 week high of $33.60.

Delek US (NYSE:DK) last announced 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). The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. Delek US’s quarterly revenue was down 39.8% on a year-over-year basis. During the same period last year, the firm earned ($1.46) EPS. Analysts forecast that Delek US will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, March 3rd will be issued a $0.255 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.25%. Delek US’s dividend payout ratio (DPR) is presently -11.54%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Clifford Capital Partners LLC acquired a new stake in Delek US in the 3rd quarter valued at $7,504,000. JPMorgan Chase & Co. increased its position in shares of Delek US by 76.8% in the third quarter. JPMorgan Chase & Co. now owns 482,169 shares of the oil and gas company’s stock valued at $9,041,000 after acquiring an additional 209,474 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Delek US by 1,753.2% in the third 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 acquiring an additional 613,514 shares during the last quarter. Geode Capital Management LLC raised its holdings in Delek US by 4.5% during the third quarter. Geode Capital Management LLC now owns 1,459,301 shares of the oil and gas company’s stock worth $27,368,000 after acquiring an additional 63,502 shares in the last quarter. Finally, Summit Trail Advisors LLC acquired a new position in Delek US during the fourth quarter valued at approximately $565,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.