Delek US Holdings, Inc. (DK) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Delek US Holdings, Inc. (NYSE:DK) from a hold rating to a buy rating in a research note released on Thursday. Zacks Investment Research currently has $31.00 price target on the oil and gas company’s stock.

According to Zacks, “DELEK US HOLDINGS, INC. is a diversified energy business focused on petroleum refining, marketing and supply of refined products, and retail marketing of fuel and general merchandise. “

DK has been the topic of several other research reports. BidaskClub lowered Delek US Holdings from a hold rating to a sell rating in a research report on Monday, August 14th. Cowen and Company reaffirmed a buy rating and set a $33.00 price target on shares of Delek US Holdings in a research report on Friday, November 10th. Royal Bank Of Canada reaffirmed a buy rating and set a $35.00 price target on shares of Delek US Holdings in a research report on Wednesday, October 18th. Wells Fargo & Company raised Delek US Holdings from a market perform rating to an outperform rating and set a $40.00 price target on the stock in a research report on Tuesday, November 14th. Finally, Scotiabank set a $26.00 price target on Delek US Holdings and gave the stock a hold rating in a research report on Thursday, August 3rd. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Delek US Holdings presently has an average rating of Buy and a consensus price target of $30.83.

Delek US Holdings (NYSE DK) traded up $1.12 during mid-day trading on Thursday, reaching $29.71. The company’s stock had a trading volume of 1,911,741 shares, compared to its average volume of 1,001,940. The company has a quick ratio of 1.06, a current ratio of 1.49 and a debt-to-equity ratio of 0.63. The firm has a market cap of $2,419.94, a price-to-earnings ratio of 228.54, a P/E/G ratio of 4.64 and a beta of 1.92. Delek US Holdings has a 52 week low of $18.99 and a 52 week high of $29.77.

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The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 22nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.60 annualized dividend and a dividend yield of 2.02%. Delek US Holdings’s dividend payout ratio (DPR) is currently 37.97%.

In related news, insider Donald Norman Holmes sold 1,018 shares of Delek US Holdings stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $25.19, for a total value of $25,643.42. Following the sale, the insider now directly owns 30,989 shares in the company, valued at $780,612.91. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Daniel L. Gordon sold 1,000 shares of Delek US Holdings stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $26.16, for a total value of $26,160.00. Following the completion of the sale, the insider now owns 18,572 shares in the company, valued at $485,843.52. The disclosure for this sale can be found here. Insiders sold a total of 37,527 shares of company stock worth $1,034,580 over the last quarter. Company insiders own 1.61% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. First Midwest Bank Trust Division boosted its stake in shares of Delek US Holdings by 1.8% in the second quarter. First Midwest Bank Trust Division now owns 13,732 shares of the oil and gas company’s stock valued at $365,000 after buying an additional 237 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake in shares of Delek US Holdings by 15.6% in the first quarter. Tudor Investment Corp ET AL now owns 12,342 shares of the oil and gas company’s stock valued at $300,000 after buying an additional 1,666 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Delek US Holdings by 24.0% in the third quarter. Amalgamated Bank now owns 9,694 shares of the oil and gas company’s stock valued at $259,000 after buying an additional 1,875 shares in the last quarter. GSA Capital Partners LLP boosted its stake in shares of Delek US Holdings by 5.7% in the second quarter. GSA Capital Partners LLP now owns 35,100 shares of the oil and gas company’s stock valued at $928,000 after buying an additional 1,900 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of Delek US Holdings by 15.9% in the second quarter. Van ECK Associates Corp now owns 15,029 shares of the oil and gas company’s stock valued at $397,000 after buying an additional 2,057 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

About Delek US Holdings

Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.

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Analyst Recommendations for Delek US Holdings (NYSE:DK)

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