Delek US (NYSE:DK) PT Lowered to $19.00

Delek US (NYSE:DK) had its price objective lowered by Morgan Stanley from $23.00 to $19.00 in a report issued on Wednesday morning, The Fly reports. The firm currently has an underweight rating on the oil and gas company’s stock.

A number of other brokerages have also commented on DK. Raymond James dropped their price target on Delek US from $27.00 to $25.00 and set an outperform rating on the stock in a report on Tuesday, November 9th. Piper Sandler raised their target price on Delek US from $27.00 to $30.00 and gave the stock an overweight rating in a research report on Thursday, September 16th. Wells Fargo & Company decreased their target price on Delek US from $34.00 to $33.00 and set an overweight rating for the company in a research report on Wednesday, October 13th. Barclays raised their target price on Delek US from $18.00 to $19.00 and gave the stock an equal weight rating in a research report on Friday, October 15th. Finally, Zacks Investment Research raised Delek US from a sell rating to a hold rating in a research report on Thursday, September 30th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $22.33.

Shares of NYSE:DK opened at $18.41 on Wednesday. Delek US has a 52-week low of $13.48 and a 52-week high of $27.38. The company has a current ratio of 1.08, a quick ratio of 0.69 and a debt-to-equity ratio of 2.21. The business’s 50 day simple moving average is $16.39 and its two-hundred day simple moving average is $17.41.

Delek US (NYSE:DK) last posted its earnings results on Thursday, November 4th. The oil and gas company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.34) by $0.47. Delek US had a negative return on equity of 33.93% and a negative net margin of 4.83%. The company had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.48 billion. During the same quarter last year, the company earned ($1.01) earnings per share. The company’s revenue for the quarter was up 43.3% on a year-over-year basis. On average, research analysts expect that Delek US will post -3.3 earnings per share for the current fiscal year.

In related news, Director Delek Us Holdings, Inc. sold 7,010 shares of the stock in a transaction dated Monday, December 20th. The shares were sold at an average price of $43.05, for a total value of $301,780.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Carl C. Icahn sold 371,150 shares of the stock in a transaction dated Friday, November 5th. The shares were sold at an average price of $18.68, for a total transaction of $6,933,082.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 475,917 shares of company stock valued at $10,399,386. Company insiders own 1.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Advisor Group Holdings Inc. lifted its stake in Delek US by 81.5% in the second quarter. Advisor Group Holdings Inc. now owns 1,617 shares of the oil and gas company’s stock worth $34,000 after purchasing an additional 726 shares during the last quarter. Meeder Asset Management Inc. lifted its stake in Delek US by 22.1% in the second quarter. Meeder Asset Management Inc. now owns 3,431 shares of the oil and gas company’s stock worth $74,000 after purchasing an additional 620 shares during the last quarter. Eagle Bay Advisors LLC lifted its stake in Delek US by 135.3% in the third quarter. Eagle Bay Advisors LLC now owns 6,000 shares of the oil and gas company’s stock worth $108,000 after purchasing an additional 3,450 shares during the last quarter. Point72 Hong Kong Ltd lifted its stake in Delek US by 14.2% in the third quarter. Point72 Hong Kong Ltd now owns 10,585 shares of the oil and gas company’s stock worth $190,000 after purchasing an additional 1,314 shares during the last quarter. Finally, Tudor Investment Corp Et Al bought a new stake in Delek US in the second quarter worth about $242,000. 91.99% of the stock is owned by institutional investors and hedge funds.

Delek US Company Profile

Delek US Holdings, Inc engages in the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products.

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Analyst Recommendations for Delek US (NYSE:DK)

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