1 week Ago By Defense World Staff
Delek US (NYSE:DK – Get Free Report) had its target price decreased by equities researchers at Mizuho from $25.00 to $22.00 in a research note issued to investors on Wednesday,Benzinga reports.
The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Mizuho’s price objective would indicate a potential upside of 82.35% from the stock’s current price.
Other research analysts have also issued research reports about the company. Piper Sandler reduced their price target on Delek US from $18.00 to $17.
00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Morgan Stanley reduced their price objective on shares of Delek US from $19.00 to $18.
00 and set an “underweight” rating for the company in a report on Friday, March 14th. JPMorgan Chase & Co. raised their target price on shares of Delek US from $21.
00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Wells Fargo & Company boosted their price target on shares of Delek US from $15.
00 to $16.00 and gave the stock an “underweight” rating in a research report on Friday, March 21st. Finally, Wolfe Research upgraded 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, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Delek US has an average rating of “Hold” and an average price target of $18.66.
Read Our Latest Report on Delek USDelek US Price PerformanceShares of DK opened at $12.07 on Wednesday. Delek US has a 12 month low of $11.
03 and a 12 month high of $32.09. 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 stock has a fifty day moving average price of $15.86 and a 200 day moving average price of $17.37.
The company has a market cap of $754.22 million, a P/E ratio of -2.48 and a beta of 1.
04. Delek US (NYSE:DK – Get Free Report) last released 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).
The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.58 billion.
Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%.
The firm’s revenue was down 39.8% on a year-over-year basis. During the same quarter in the prior year, the company posted ($1.
46) EPS. On average, research analysts forecast that Delek US will post -5.5 earnings per share for the current year.
Insider Buying and Selling at Delek USIn other news, CFO Mark Wayne Hobbs acquired 2,800 shares of Delek US stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $13.70 per share, with a total value of $38,360.
00. Following the completion of the purchase, the chief financial officer now owns 49,138 shares of the company’s stock, valued at $673,190.60.
This represents a 6.04 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.
Over the last 90 days, insiders have purchased 5,055 shares of company stock valued at $70,787. Corporate insiders own 1.80% of the company’s stock.
Institutional Investors Weigh In On Delek USSeveral hedge funds have recently made changes to their positions in DK. Millennium Management LLC boosted its position in Delek US by 1,199.2% during the 4th quarter.
Millennium Management LLC now owns 870,257 shares of the oil and gas company’s stock worth $16,100,000 after acquiring an additional 803,274 shares during the period. Deprince Race & Zollo Inc. purchased a new stake in shares of Delek US in the fourth quarter worth approximately $13,680,000.
Barclays PLC lifted its position in shares of Delek US by 51.5% in the third quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company’s stock worth $28,065,000 after purchasing an additional 508,719 shares in the last quarter.
Ion Asset Management Ltd. boosted its holdings in shares of Delek US by 16.5% during the fourth quarter.
Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company’s stock worth $63,918,000 after purchasing an additional 488,509 shares during the period. Finally, Norges Bank purchased a new position in Delek US during the fourth quarter valued at approximately $6,815,000.
Hedge funds and other institutional investors own 97.01% of the company’s stock. Delek US Company Profile (Get Free Report)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.Recommended StoriesFive stocks we like better than Delek USWhat Are Dividend Challengers?Joby Aviation: Operational Momentum vs.
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