Wolfe Research Upgrades Delek US (NYSE:DK) to “Peer Perform”

Wolfe Research upgraded shares of Delek US (NYSE:DK) from an underperform rating to a peer perform rating in a report published on Friday, MarketBeat.com reports.

A number of other research firms also recently weighed in on DK. StockNews.com downgraded shares of Delek US from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. 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 report on Tuesday, December 10th. Wells Fargo & Company lowered their price target on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Monday, December 9th. Scotiabank reduced their price objective on Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 10th. Finally, Mizuho lowered their target price on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Five investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.00.

Delek US Stock Performance

NYSE DK opened at $18.62 on Friday. The firm has a 50-day moving average price of $17.79 and a two-hundred day moving average price of $19.80. Delek US has a 12-month low of $15.36 and a 12-month high of $33.60. The company has a market capitalization of $1.18 billion, a P/E ratio of -3.83 and a beta of 1.22. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. The business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. Delek US’s revenue for the quarter was down 34.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.02 earnings per share. Analysts anticipate that Delek US will post -4.4 earnings per share for the current year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 5.48%. The ex-dividend date was Tuesday, November 12th. Delek US’s payout ratio is -20.99%.

Institutional Trading of Delek US

A number of large investors have recently modified their holdings of DK. Rubric Capital Management LP purchased a new stake in shares of Delek US during the 3rd quarter valued at $37,500,000. Philosophy Capital Management LLC bought a new position in Delek US in the third quarter valued at $21,471,000. Encompass Capital Advisors LLC purchased a new stake in Delek US during the second quarter valued at about $22,833,000. Point72 Asset Management L.P. bought a new stake in Delek US during the second quarter worth about $19,806,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Delek US by 1,753.2% in the 3rd quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company’s stock worth $12,160,000 after purchasing an additional 613,514 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Delek US Company Profile

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.