Delek US (NYSE:DK)‘s stock had its “buy” rating reaffirmed by analysts at Scotiabank in a report issued on Wednesday, January 10th. They currently have a $43.00 target price on the oil and gas company’s stock. Scotiabank’s target price suggests a potential upside of 10.85% from the stock’s previous close.
Several other analysts have also issued reports on the stock. Royal Bank of Canada reaffirmed a “buy” rating and set a $40.00 price target on shares of Delek US in a research report on Wednesday, December 20th. Howard Weil upgraded shares of Delek US from a “sector perform” rating to a “focus list” rating and upped their price target for the company from $26.00 to $41.00 in a research note on Thursday, December 21st. TheStreet upgraded shares of Delek US from a “c+” rating to a “b-” rating in a research note on Monday, December 18th. Zacks Investment Research upgraded shares of Delek US from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a research note on Thursday, December 14th. Finally, Bank of America downgraded shares of Delek US from a “neutral” rating to an “underperform” rating and set a $34.00 price objective on the stock. in a research note on Friday, December 8th. 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 given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $34.79.
Delek US (DK) traded up $0.56 during trading on Wednesday, hitting $38.79. 432,612 shares of the stock traded hands, compared to its average volume of 1,120,000. The firm has a market capitalization of $3,120.00, a PE ratio of 4.65, a PEG ratio of 2.04 and a beta of 2.01. Delek US has a 12 month low of $20.65 and a 12 month high of $39.04. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.09 and a quick ratio of 0.76.
Delek US (NYSE:DK) last announced its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported $0.81 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.13. Delek US had a net margin of 2.09% and a return on equity of 1.71%. equities research analysts forecast that Delek US will post 0.85 EPS for the current fiscal year.
In other Delek US news, COO Frederec Green sold 10,000 shares of Delek US stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Assi Ginzburg sold 20,000 shares of Delek US stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $28.00, for a total transaction of $560,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 230,631 shares of company stock valued at $7,573,903. 1.61% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Delek US in the 2nd quarter valued at about $245,000. Bank of New York Mellon Corp raised its stake in Delek US by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 667,890 shares of the oil and gas company’s stock valued at $17,660,000 after acquiring an additional 29,361 shares during the period. BNP Paribas Arbitrage SA raised its stake in Delek US by 65.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 15,068 shares of the oil and gas company’s stock valued at $398,000 after acquiring an additional 5,966 shares during the period. American Century Companies Inc. bought a new stake in Delek US in the 2nd quarter valued at about $1,071,000. Finally, Principal Financial Group Inc. increased its position in shares of Delek US by 778.2% during the second quarter. Principal Financial Group Inc. now owns 272,111 shares of the oil and gas company’s stock valued at $7,195,000 after buying an additional 241,127 shares during the period. Institutional investors own 93.10% of the company’s stock.
About Delek US
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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