Delek US (NYSE:DK) Upgraded at Mizuho

Mizuho upgraded shares of Delek US (NYSE:DK) from an underperform rating to a neutral rating in a research note released on Monday, Marketbeat reports. The brokerage currently has $26.00 price objective on the oil and gas company’s stock, down from their prior price objective of $28.00.

A number of other research firms have also commented on DK. TD Cowen dropped their target price on shares of Delek US from $19.00 to $18.00 and set a sell rating for the company in a research report on Thursday, August 8th. Scotiabank dropped their price objective on Delek US from $27.00 to $25.00 and set a sector perform rating for the company in a report on Friday, July 12th. Wolfe Research assumed coverage on Delek US in a report on Thursday, July 18th. They set an underperform rating and a $19.00 target price on the stock. StockNews.com upgraded Delek US from a sell rating to a hold rating in a research report on Friday, September 13th. Finally, Wells Fargo & Company increased their price target on shares of Delek US from $20.00 to $21.00 and gave the company an underweight rating in a research report on Tuesday, September 3rd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $25.27.

Delek US Stock Down 0.4 %

NYSE DK opened at $20.02 on Monday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.58 and a current ratio of 0.98. Delek US has a 52 week low of $18.35 and a 52 week high of $33.60. The stock has a market capitalization of $1.28 billion, a P/E ratio of -16.15 and a beta of 1.14. The stock has a fifty day moving average of $21.09 and a 200-day moving average of $25.23.

Delek US (NYSE:DK) last released its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.42) by $0.50. Delek US had a negative net margin of 0.69% and a negative return on equity of 4.53%. The company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the prior year, the company posted $1.00 EPS. The company’s revenue was down 18.4% compared to the same quarter last year. On average, equities research analysts forecast that Delek US will post -2.87 EPS for the current year.

Delek US Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were paid a $0.255 dividend. The ex-dividend date was Monday, August 12th. This is a positive change from Delek US’s previous quarterly dividend of $0.20. This represents a $1.02 dividend on an annualized basis and a yield of 5.09%. Delek US’s dividend payout ratio is presently -82.26%.

Insiders Place Their Bets

In other news, CEO Avigal Soreq acquired 5,651 shares of Delek US stock in a transaction dated Friday, August 9th. The stock was bought at an average cost of $20.42 per share, with a total value of $115,393.42. Following the completion of the transaction, the chief executive officer now directly owns 188,881 shares of the company’s stock, valued at $3,856,950.02. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Delek US

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asset Management L.P. acquired a new position in Delek US in the 2nd quarter valued at about $19,806,000. Quarry LP acquired a new stake in shares of Delek US during the second quarter worth $43,000. Creative Planning boosted its position in shares of Delek US by 126.8% in the second quarter. Creative Planning now owns 19,135 shares of the oil and gas company’s stock valued at $474,000 after acquiring an additional 10,697 shares during the period. Algert Global LLC increased its position in Delek US by 71.5% during the second quarter. Algert Global LLC now owns 140,623 shares of the oil and gas company’s stock worth $3,482,000 after acquiring an additional 58,627 shares during the period. Finally, Susquehanna Fundamental Investments LLC raised its stake in Delek US by 87.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 125,493 shares of the oil and gas company’s stock worth $3,107,000 after purchasing an additional 58,394 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.