Delek US (DK) Downgraded by Goldman Sachs Group to “Neutral”

Goldman Sachs Group lowered shares of Delek US (NYSE:DK) from a buy rating to a neutral rating in a research report released on Tuesday, April 16th, BenzingaRatingsTable reports. The brokerage currently has $42.00 target price on the oil and gas company’s stock, down from their prior target price of $44.00.

Other analysts also recently issued reports about the company. Mizuho restated a buy rating and set a $60.00 price objective on shares of Delek US in a research report on Thursday, February 21st. ValuEngine upgraded Delek US from a sell rating to a hold rating in a research report on Monday, February 4th. Barclays reiterated a buy rating and issued a $51.00 target price on shares of Delek US in a research report on Thursday, February 21st. Raymond James dropped their target price on Delek US from $46.00 to $45.00 and set a strong-buy rating for the company in a research report on Wednesday, April 10th. Finally, Piper Jaffray Companies reiterated a neutral rating on shares of Delek US in a research report on Thursday, January 10th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $49.32.

Shares of NYSE:DK traded up $0.33 during trading on Tuesday, reaching $37.09. 785,496 shares of the company traded hands, compared to its average volume of 1,202,566. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 0.92 and a beta of 1.31. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.04 and a current ratio of 1.45. Delek US has a 52 week low of $29.51 and a 52 week high of $61.57.

Delek US (NYSE:DK) last released its earnings results on Monday, May 6th. The oil and gas company reported $1.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $1.06. The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.02 billion. Delek US had a return on equity of 28.21% and a net margin of 5.48%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.33 EPS. Research analysts predict that Delek US will post 3.98 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, June 3rd will be paid a $0.28 dividend. This is a boost from Delek US’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.12 annualized dividend and a dividend yield of 3.02%. Delek US’s dividend payout ratio is presently 22.50%.

In other news, CFO Assi Ginzburg sold 10,478 shares of the stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $38.95, for a total value of $408,118.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DK. Private Capital Group LLC grew its stake in Delek US by 258.4% during the fourth quarter. Private Capital Group LLC now owns 853 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 615 shares during the period. Pearl River Capital LLC acquired a new stake in Delek US in the fourth quarter valued at approximately $36,000. Ayalon Holdings Ltd. acquired a new stake in Delek US in the fourth quarter valued at approximately $91,000. Penserra Capital Management LLC acquired a new stake in Delek US in the fourth quarter valued at approximately $103,000. Finally, Quantamental Technologies LLC acquired a new stake in Delek US in the fourth quarter valued at approximately $117,000.

About Delek US

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.

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Analyst Recommendations for Delek US (NYSE:DK)

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