Delek US (NYSE:DK) Price Target Lowered to $14.00 at Morgan Stanley

Delek US (NYSE:DK) had its target price decreased by Morgan Stanley from $18.00 to $14.00 in a research report released on Thursday morning,Benzinga reports. Morgan Stanley currently has an underweight rating on the oil and gas company’s stock.

A number of other analysts have also commented on the company. Raymond James lowered their price objective on Delek US from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. UBS Group dropped their price target on shares of Delek US from $21.00 to $13.25 and set a “neutral” rating for the company in a research note on Wednesday, April 9th. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Wells Fargo & Company dropped their target price on shares of Delek US from $16.00 to $11.00 and set an “underweight” rating for the company in a research report on Wednesday, April 16th. Finally, Piper Sandler reduced their price target on Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $17.11.

Delek US Price Performance

DK opened at $13.10 on Thursday. 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 stock has a market capitalization of $818.92 million, a P/E ratio of -2.70 and a beta of 1.04. The company’s 50 day simple moving average is $14.57 and its 200-day simple moving average is $16.87. Delek US has a one year low of $11.03 and a one year high of $29.49.

Delek US (NYSE:DK) last announced its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm’s quarterly revenue was down 39.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.46) earnings per share. Sell-side analysts anticipate that Delek US will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were issued a $0.255 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.02 annualized dividend and a dividend yield of 7.79%. Delek US’s dividend payout ratio (DPR) is currently -11.54%.

Insiders Place Their Bets

In other news, CFO Mark Wayne Hobbs purchased 2,800 shares of Delek US stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $13.70 per share, with a total value of $38,360.00. Following the transaction, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60. The trade was a 6.04 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. In the last three months, insiders have purchased 5,055 shares of company stock worth $70,787. Company insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC raised its position in Delek US by 728.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock worth $28,000 after acquiring an additional 1,311 shares in the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in shares of Delek US during the first quarter worth $47,000. KBC Group NV boosted its holdings in Delek US by 66.3% in the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after purchasing an additional 1,538 shares during the period. GAMMA Investing LLC boosted its stake in shares of Delek US by 907.0% in the first quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company’s stock valued at $63,000 after buying an additional 3,746 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Delek US by 77.4% during the 1st quarter. Farther Finance Advisors LLC now owns 7,118 shares of the oil and gas company’s stock valued at $110,000 after acquiring an additional 3,105 shares during the period. 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.