The Goldman Sachs Group Issues Positive Forecast for Delek US (NYSE:DK) Stock Price

Delek US (NYSE:DK) had its price objective upped by The Goldman Sachs Group from $15.00 to $17.00 in a report published on Friday,Benzinga reports. They currently have a neutral rating on the oil and gas company’s stock.

A number of other research analysts have also recently issued reports on the stock. UBS Group decreased their price objective on shares of Delek US from $21.00 to $13.25 and set a “neutral” rating for the company in a report on Wednesday, April 9th. Morgan Stanley boosted their price objective on shares of Delek US from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Monday, May 19th. Mizuho upgraded shares of Delek US from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $22.00 to $23.00 in a report on Tuesday, May 13th. Raymond James decreased their price objective on shares of Delek US from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, Piper Sandler decreased their price objective on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Five analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.27.

Delek US Trading Down 1.2%

DK opened at $19.43 on Friday. 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 company has a market cap of $1.18 billion, a price-to-earnings ratio of -4.00 and a beta of 0.74. The firm has a 50 day simple moving average of $14.79 and a 200 day simple moving average of $16.74. Delek US has a fifty-two week low of $11.03 and a fifty-two week high of $27.90.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.27) by ($0.05). The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.56 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company’s quarterly revenue was down 18.1% on a year-over-year basis. During the same period last year, the firm earned ($0.41) earnings per share. On average, sell-side analysts anticipate that Delek US will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 5.25%. The ex-dividend date was Monday, May 12th. Delek US’s dividend payout ratio (DPR) is presently -9.18%.

Insider Activity

In related news, CFO Mark Wayne Hobbs purchased 2,800 shares of Delek US stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the acquisition, the chief financial officer now directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 5,055 shares of company stock worth $70,787 over the last quarter. 1.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DK. T. Rowe Price Investment Management Inc. acquired a new position in shares of Delek US in the first quarter valued at approximately $13,728,000. Nuveen LLC acquired a new position in Delek US during the first quarter worth $13,629,000. Millennium Management LLC boosted its holdings in Delek US by 1,199.2% during the fourth quarter. Millennium Management LLC now owns 870,257 shares of the oil and gas company’s stock worth $16,100,000 after purchasing an additional 803,274 shares during the last quarter. Deprince Race & Zollo Inc. acquired a new position in Delek US during the fourth quarter worth $13,680,000. Finally, Callodine Capital Management LP boosted its holdings in Delek US by 1,827.6% during the first quarter. Callodine Capital Management LP now owns 674,661 shares of the oil and gas company’s stock worth $10,167,000 after purchasing an additional 639,661 shares during the last quarter. Institutional investors and hedge funds 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.