Mizuho Issues Positive Forecast for Delek US (NYSE:DK) Stock Price

Delek US (NYSE:DK) had its price target boosted by stock analysts at Mizuho from $51.00 to $54.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the oil and gas company’s stock. Mizuho’s price objective would indicate a potential upside of 27.55% from the stock’s current price.

DK has been the subject of several other reports. TD Cowen raised their price target on shares of Delek US from $28.00 to $44.00 and gave the company a “hold” rating in a report on Thursday, March 5th. Scotiabank set a $34.00 price objective on Delek US in a research report on Friday, January 16th. Piper Sandler reduced their target price on Delek US from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Morgan Stanley decreased their target price on Delek US from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 27th. Finally, JPMorgan Chase & Co. dropped their price target on Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 15th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Delek US presently has an average rating of “Hold” and a consensus price target of $39.69.

Delek US Price Performance

NYSE DK traded up $1.21 during trading hours on Tuesday, hitting $42.34. The company had a trading volume of 520,151 shares, compared to its average volume of 1,575,455. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.53 and a current ratio of 0.82. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of -120.60 and a beta of 0.75. Delek US has a 52 week low of $11.02 and a 52 week high of $45.74. The firm has a 50 day simple moving average of $33.75 and a 200 day simple moving average of $34.11.

Delek US (NYSE:DK) last announced its quarterly earnings results on Friday, February 27th. The oil and gas company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.63. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the firm posted ($2.54) earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts expect that Delek US will post -5.5 earnings per share for the current year.

Insider Transactions at Delek US

In other news, EVP Joseph Israel sold 38,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $40.65, for a total value of $1,544,700.00. Following the completion of the sale, the executive vice president owned 55,623 shares of the company’s stock, valued at approximately $2,261,074.95. This represents a 40.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William J. Finnerty sold 5,392 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $42.75, for a total transaction of $230,508.00. Following the transaction, the director directly owned 46,369 shares in the company, valued at approximately $1,982,274.75. This represents a 10.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 147,764 shares of company stock worth $6,196,667. Corporate insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Delek US

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Thoroughbred Financial Services LLC grew its position in Delek US by 1.3% in the 4th quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock worth $805,000 after purchasing an additional 348 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Delek US by 1.8% in the fourth quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock worth $654,000 after acquiring an additional 400 shares during the period. Aster Capital Management DIFC Ltd increased its position in Delek US by 23.2% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock valued at $67,000 after acquiring an additional 425 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in Delek US by 95.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 432 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its holdings in Delek US by 2.2% in the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock valued at $492,000 after acquiring an additional 507 shares during the period. Institutional investors own 97.01% of the company’s stock.

Delek US Company Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.