Delek US (NYSE:DK) Given New $25.00 Price Target at JPMorgan Chase & Co.

Delek US (NYSE:DK) had its price target cut by JPMorgan Chase & Co. from $26.00 to $25.00 in a research report sent to investors on Tuesday, Benzinga reports. They currently have an underweight rating on the oil and gas company’s stock.

Other equities analysts have also issued reports about the stock. StockNews.com lowered shares of Delek US from a buy rating to a hold rating in a research report on Thursday, February 29th. Wells Fargo & Company boosted their target price on shares of Delek US from $21.00 to $26.00 and gave the stock an underweight rating in a report on Wednesday, March 20th. UBS Group boosted their target price on shares of Delek US from $30.00 to $32.00 and gave the stock a neutral rating in a report on Thursday, April 4th. TD Cowen lowered their target price on shares of Delek US from $27.00 to $25.00 and set a hold rating on the stock in a report on Wednesday, May 8th. Finally, Piper Sandler lowered their target price on shares of Delek US from $31.00 to $30.00 and set a neutral rating on the stock in a report on Tuesday, May 14th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $28.50.

Delek US Stock Performance

Shares of NYSE DK opened at $27.46 on Tuesday. The firm has a 50 day moving average of $29.53 and a 200 day moving average of $27.59. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $1.76 billion, a price-to-earnings ratio of -22.15 and a beta of 1.34. Delek US has a 12-month low of $21.39 and a 12-month high of $33.60.

Delek US (NYSE:DK) last posted its quarterly earnings results on Tuesday, May 7th. The oil and gas company reported ($0.41) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.15. The business had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.28 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 7.37%. The company’s revenue was down 17.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.37 earnings per share. On average, research analysts anticipate that Delek US will post 1.36 earnings per share for the current year.

Delek US Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 17th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Thursday, May 16th. This is a positive change from Delek US’s previous quarterly dividend of $0.25. Delek US’s dividend payout ratio (DPR) is -80.65%.

Institutional Investors Weigh In On Delek US

Institutional investors have recently made changes to their positions in the company. River Road Asset Management LLC increased its stake in Delek US by 510.1% in the 4th quarter. River Road Asset Management LLC now owns 3,747,111 shares of the oil and gas company’s stock worth $96,675,000 after buying an additional 3,132,971 shares during the period. International Assets Investment Management LLC increased its stake in Delek US by 2,421.9% in the 4th quarter. International Assets Investment Management LLC now owns 937,785 shares of the oil and gas company’s stock worth $24,195,000 after buying an additional 900,600 shares during the period. Norges Bank purchased a new position in Delek US in the 4th quarter worth about $16,341,000. Raymond James & Associates purchased a new position in Delek US in the 4th quarter worth about $13,295,000. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Delek US in the 3rd quarter worth about $7,464,000. 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.