Delek US (NYSE:DK) Research Coverage Started at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Delek US (NYSE:DK – Get Rating) in a note issued to investors on Thursday. The firm set a “hold” rating on the oil and gas company’s stock.

DK has been the subject of several other reports. Raymond James decreased their price target on shares of Delek US from $35.00 to $32.00 and set an “outperform” rating for the company in a research note on Tuesday. Piper Sandler lowered shares of Delek US from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $49.00 to $32.00 in a research note on Friday, January 20th. UBS Group initiated coverage on shares of Delek US in a research note on Wednesday, March 8th. They issued a “neutral” rating and a $29.00 price target for the company. Mizuho decreased their price target on shares of Delek US from $30.00 to $25.00 in a research note on Friday, March 10th. Finally, Wells Fargo & Company downgraded shares of Delek US from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $40.00 to $24.00 in a research report on Thursday, January 5th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $31.42.

Delek US Stock Down 5.5 %

Shares of NYSE DK opened at $21.14 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 2.79. Delek US has a 12 month low of $17.70 and a 12 month high of $35.45. The firm has a market capitalization of $1.42 billion, a PE ratio of 6.02, a price-to-earnings-growth ratio of 0.95 and a beta of 1.43. The firm has a fifty day simple moving average of $25.60 and a two-hundred day simple moving average of $27.74.

Delek US (NYSE:DK – Get Rating) last issued its quarterly earnings results on Tuesday, February 28th. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.05). The business had revenue of $4.48 billion during the quarter, compared to the consensus estimate of $3.14 billion. Delek US had a return on equity of 35.96% and a net margin of 1.27%. The firm’s revenue was up 44.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.61) earnings per share. Equities analysts expect that Delek US will post 4.76 earnings per share for the current year.

Institutional Trading of Delek US

A number of institutional investors have recently made changes to their positions in DK. IFP Advisors Inc purchased a new stake in shares of Delek US during the 3rd quarter valued at about $30,000. Financial Management Professionals Inc. purchased a new stake in shares of Delek US during the 3rd quarter valued at about $31,000. Advisor Group Holdings Inc. boosted its holdings in shares of Delek US by 44.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 486 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of Delek US by 61.3% during the 1st quarter. Parkside Financial Bank & Trust now owns 2,086 shares of the oil and gas company’s stock valued at $44,000 after acquiring an additional 793 shares during the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of Delek US during the 2nd quarter valued at about $81,000. Hedge funds and other institutional investors own 98.34% of the company’s stock.

Delek US Company Profile

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Delek US Holdings, Inc engages in petroleum refining, and the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products.