Royal Bank of Canada restated their buy rating on shares of Delek US (NYSE:DK) in a research note published on Wednesday, December 20th. Royal Bank of Canada currently has a $40.00 price objective on the oil and gas company’s stock.
A number of other equities research analysts also recently commented on the stock. Raymond James Financial raised shares of Delek US from an outperform rating to a strong-buy rating and lifted their target price for the stock from $32.00 to $35.00 in a research report on Monday, November 13th. Bank of America downgraded shares of Delek US from a neutral rating to an underperform rating and set a $34.00 price objective for the company. in a research report on Friday, December 8th. Zacks Investment Research downgraded shares of Delek US from a buy rating to a hold rating in a research report on Friday, October 27th. Tudor Pickering raised shares of Delek US from a hold rating to a buy rating in a research report on Friday, November 17th. Finally, Wells Fargo & Co restated a positive rating on shares of Delek US in a research note on Thursday, November 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $34.79.
Delek US (DK) opened at $37.64 on Wednesday. Delek US has a 1-year low of $20.65 and a 1-year high of $37.96. The stock has a market cap of $3,030.00, a P/E ratio of 4.51, a PEG ratio of 2.20 and a beta of 2.01.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 22nd were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, November 21st. This represents a $0.60 annualized dividend and a yield of 1.59%. Delek US’s payout ratio is 7.19%.
In other Delek US news, insider Assi Ginzburg sold 20,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $28.00, for a total value of $560,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Frederec Green sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $28.00, for a total transaction of $280,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 230,631 shares of company stock worth $7,573,903 over the last quarter. 1.61% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Amalgamated Bank lifted its position in Delek US by 24.0% during the third quarter. Amalgamated Bank now owns 9,694 shares of the oil and gas company’s stock valued at $259,000 after acquiring an additional 1,875 shares during the last quarter. GSA Capital Partners LLP lifted its position in Delek US by 5.7% during 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 acquiring an additional 1,900 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of Delek US by 15.9% in the second quarter. Van ECK Associates Corp now owns 15,029 shares of the oil and gas company’s stock worth $397,000 after buying an additional 2,057 shares during the last quarter. Piedmont Investment Advisors LLC raised its holdings in shares of Delek US by 5.9% in the third quarter. Piedmont Investment Advisors LLC now owns 38,750 shares of the oil and gas company’s stock worth $1,036,000 after buying an additional 2,151 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Delek US by 51.3% in the third quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock worth $188,000 after buying an additional 2,412 shares during the last quarter. 93.19% of the stock is owned by hedge funds and other institutional investors.
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Delek US Company Profile
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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