Delek US (NYSE:DK) Upgraded to “Neutral” by Mizuho

Mizuho upgraded shares of Delek US (NYSE:DK) from an underperform rating to a neutral rating in a report published on Monday, Marketbeat Ratings reports. Mizuho currently has $26.00 price target on the oil and gas company’s stock, down from their previous price target of $28.00.

Other research analysts have also recently issued reports about the stock. TD Cowen reduced their price target on shares of Delek US from $19.00 to $18.00 and set a sell rating on the stock in a research report on Thursday, August 8th. Wells Fargo & Company lifted their target price on shares of Delek US from $20.00 to $21.00 and gave the company an underweight rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. upgraded Delek US from an underweight rating to a neutral rating and increased their price target for the company from $23.00 to $26.00 in a report on Tuesday, September 10th. Piper Sandler reduced their price objective on Delek US from $30.00 to $25.00 and set a neutral rating on the stock in a research note on Friday, June 14th. Finally, Wolfe Research initiated coverage on Delek US in a research report on Thursday, July 18th. They issued an underperform rating and a $19.00 target price for the company. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $25.27.

Delek US Trading Up 1.5 %

DK stock opened at $20.32 on Monday. Delek US has a 52 week low of $18.35 and a 52 week high of $33.60. The company has a market cap of $1.30 billion, a price-to-earnings ratio of -16.39 and a beta of 1.14. The company has a quick ratio of 0.58, a current ratio of 0.98 and a debt-to-equity ratio of 2.50. The business has a fifty day simple moving average of $21.04 and a 200-day simple moving average of $25.20.

Delek US (NYSE:DK) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) EPS for the quarter, topping the consensus estimate of ($1.42) by $0.50. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.31 billion. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The firm’s revenue was down 18.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 earnings per share. On average, equities research analysts expect that Delek US will post -2.87 EPS for the current year.

Delek US Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date was Monday, August 12th. This is a positive change from Delek US’s previous quarterly dividend of $0.20. Delek US’s dividend payout ratio (DPR) is -82.26%.

Insider Buying and Selling

In other news, CEO Avigal Soreq purchased 5,651 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average cost of $20.42 per share, for a total transaction of $115,393.42. Following the completion of the purchase, the chief executive officer now owns 188,881 shares of the company’s stock, valued at $3,856,950.02. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Delek US

A number of institutional investors have recently modified their holdings of the business. Newbridge Financial Services Group Inc. bought a new position in Delek US during the 1st quarter worth $31,000. Quarry LP bought a new position in shares of Delek US during the second quarter worth about $43,000. Allspring Global Investments Holdings LLC bought a new position in shares of Delek US during the first quarter worth about $172,000. TFO Wealth Partners LLC increased its holdings in shares of Delek US by 627,400.0% in the 4th quarter. TFO Wealth Partners LLC now owns 6,275 shares of the oil and gas company’s stock worth $162,000 after acquiring an additional 6,274 shares during the period. Finally, Bailard Inc. bought a new stake in Delek US in the 2nd quarter valued at about $201,000. 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.