JPMorgan Chase & Co. Trims Delek US (NYSE:DK) Target Price to $25.00

Delek US (NYSE:DK) had its price objective lowered by JPMorgan Chase & Co. from $26.00 to $25.00 in a research report sent to investors on Tuesday, Benzinga reports. The brokerage currently has an underweight rating on the oil and gas company’s stock.

Other equities analysts have also issued research reports about the stock. Mizuho increased their target price on shares of Delek US from $30.00 to $31.00 and gave the company an underperform rating in a report on Monday, May 13th. UBS Group lifted their price objective on Delek US from $30.00 to $32.00 and gave the stock a neutral rating in a report on Thursday, April 4th. Wells Fargo & Company increased their target price on Delek US from $21.00 to $26.00 and gave the company an underweight rating in a report on Wednesday, March 20th. StockNews.com cut Delek US from a buy rating to a hold rating in a research note on Thursday, February 29th. Finally, Piper Sandler dropped their price objective on Delek US from $31.00 to $30.00 and set a neutral rating for the company in a research note on Tuesday, May 14th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $28.50.

Delek US Trading Up 0.4 %

Shares of DK stock opened at $27.64 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 2.40. The firm has a market cap of $1.77 billion, a P/E ratio of -22.29 and a beta of 1.34. The business has a 50-day moving average price of $29.57 and a two-hundred day moving average price of $27.58. Delek US has a 12-month low of $21.39 and a 12-month high of $33.60.

Delek US (NYSE:DK) last issued its earnings results on Tuesday, May 7th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.15. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.28 billion. Delek US had a positive return on equity of 7.37% and a negative net margin of 0.48%. Delek US’s revenue for the quarter was down 17.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.37 earnings per share. Equities analysts anticipate that Delek US will post 1.36 EPS for the current fiscal year.

Delek US Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 17th will be given a dividend of $0.25 per share. This is an increase from Delek US’s previous quarterly dividend of $0.25. This represents a $1.00 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Thursday, May 16th. Delek US’s payout ratio is presently -80.65%.

Institutional Investors Weigh In On Delek US

A number of large investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. purchased a new stake in Delek US in the third quarter worth about $307,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Delek US by 35.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,129 shares of the oil and gas company’s stock valued at $401,000 after purchasing an additional 3,711 shares during the period. Principal Financial Group Inc. bought a new stake in shares of Delek US during the third quarter valued at approximately $273,000. Capula Management Ltd grew its stake in Delek US by 28.6% in the third quarter. Capula Management Ltd now owns 36,020 shares of the oil and gas company’s stock worth $1,023,000 after purchasing an additional 8,020 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd raised its holdings in Delek US by 34.7% in the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 201,982 shares of the oil and gas company’s stock worth $5,738,000 after purchasing an additional 51,982 shares in the last quarter. Institutional investors 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.