Delek US (NYSE:DK) Upgraded at Wolfe Research

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

Other equities research analysts also recently issued reports about the company. Bank of America assumed coverage on Delek US in a report on Thursday, October 17th. They set an “underperform” rating and a $15.00 price objective on the stock. StockNews.com lowered Delek US from a “hold” rating to a “sell” rating in a research note on Saturday, September 21st. JPMorgan Chase & Co. increased their price objective on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Morgan Stanley reduced their target price on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Monday, September 16th. Finally, Wells Fargo & Company dropped their target price on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, December 9th. Five equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $21.00.

Delek US Stock Performance

Shares of NYSE DK opened at $18.62 on Friday. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -3.83 and a beta of 1.22. Delek US has a one year low of $15.36 and a one year high of $33.60. The business has a fifty day simple moving average of $17.79 and a 200 day simple moving average of $19.80. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18.

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

Delek US Dividend Announcement

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

Institutional Trading of Delek US

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in Delek US by 76.8% during the third quarter. JPMorgan Chase & Co. now owns 482,169 shares of the oil and gas company’s stock worth $9,041,000 after buying an additional 209,474 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Delek US by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,459,301 shares of the oil and gas company’s stock worth $27,368,000 after acquiring an additional 63,502 shares during the last quarter. Barclays PLC increased its holdings in shares of Delek US by 51.5% during the 3rd quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company’s stock worth $28,065,000 after acquiring an additional 508,719 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in Delek US by 123.7% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 42,125 shares of the oil and gas company’s stock valued at $790,000 after acquiring an additional 23,298 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its holdings in Delek US by 7.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company’s stock valued at $342,000 after purchasing an additional 1,292 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.