Delek US (NYSE:DK) Stock Price Target Lowered at Mizuho

Delek US (NYSE:DK) had its target price decreased by stock analysts at Mizuho from $83.00 to $80.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the oil and gas company’s stock. Mizuho‘s price target would indicate a potential upside of 18.84% from the stock’s previous close.

A number of other equities research analysts have also recently commented on DK. The Goldman Sachs Group increased their price objective on shares of Delek US from $83.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, October 15th. Weiss Ratings raised shares of Delek US from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Piper Sandler assumed coverage on shares of Delek US in a research report on Tuesday, October 27th. They issued a “neutral” rating and a $90.00 price target on the stock. Raymond James Financial reissued an “outperform” rating and set a $95.00 price objective on shares of Delek US in a research note on Friday, November 6th. Finally, Wall Street Zen upgraded Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $77.50.

Delek US Price Performance

DK stock traded down $1.09 during midday trading on Friday, hitting $67.32. 207,927 shares of the stock were exchanged, compared to its average volume of 1,568,849. The stock’s 50-day moving average price is $73.13 and its 200-day moving average price is $54.51. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.92 and a current ratio of 1.33. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 3.58, a PEG ratio of 0.45 and a beta of 0.61. Delek US has a fifty-two week low of $25.85 and a fifty-two week high of $82.27.

Delek US (NYSE:DK) last posted its earnings results on Friday, November 6th. The oil and gas company reported $13.55 earnings per share for the quarter, beating the consensus estimate of $8.05 by $5.50. The company had revenue of $4.39 billion for the quarter, compared to analyst estimates of $3.88 billion. Delek US had a return on equity of 140.39% and a net margin of 8.70%. Delek US’s revenue was up 52.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $7.13 earnings per share. Research analysts predict that Delek US will post 20.15 earnings per share for the current year.

Insider Transactions at Delek US

In other Delek US news, EVP Mark Hobbs sold 20,000 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $64.59, for a total value of $1,291,800.00. Following the transaction, the executive vice president directly owned 104,326 shares in the company, valued at approximately $6,738,416.34. This represents a 16.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Avigal Soreq sold 80,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $66.51, for a total transaction of $5,320,800.00. Following the sale, the chief executive officer directly owned 231,486 shares in the company, valued at $15,396,133.86. This represents a 25.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 163,377 shares of company stock worth $11,082,485 in the last ninety days. Company insiders own 3.56% of the company’s stock.

Institutional Trading of Delek US

A number of hedge funds have recently bought and sold shares of DK. Parallel Advisors LLC grew its stake in Delek US by 168.3% in the 3rd quarter. Parallel Advisors LLC now owns 440 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 276 shares during the period. Carolina Wealth Advisors LLC purchased a new position in shares of Delek US during the 3rd quarter worth $38,000. Fortitude Family Office LLC lifted its stake in shares of Delek US by 223.7% during the 3rd quarter. Fortitude Family Office LLC now owns 547 shares of the oil and gas company’s stock worth $39,000 after purchasing an additional 378 shares during the period. Allworth Financial LP acquired a new stake in shares of Delek US during the second quarter worth $30,000. Finally, IFP Advisors Inc boosted its holdings in shares of Delek US by 842.7% during the third quarter. IFP Advisors Inc now owns 707 shares of the oil and gas company’s stock worth $50,000 after purchasing an additional 632 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

About Delek US

Delek US Holdings, Inc. is an independent downstream energy company focused on petroleum refining and related logistics in the southern United States. Its refining operations are located in Texas, Arkansas and Louisiana, where it processes crude oil into transportation fuels and other petroleum products. Products from Delek US refineries include gasoline, diesel, jet fuel, asphalt and petroleum coke. The company also markets refined products to customers and operates midstream assets, including pipelines, terminals and storage facilities, through its subsidiary Delek Logistics Partners.