Zacks Investment Research upgraded shares of Delek US (NYSE:DK) from a hold rating to a buy rating in a research note released on Wednesday, January 17th. The firm currently has $43.00 price objective 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. “
Several other brokerages have also recently weighed in on DK. Raymond James Financial raised Delek US from an outperform rating to a strong-buy rating and boosted their price objective for the stock from $32.00 to $35.00 in a report on Monday, November 13th. Macquarie raised Delek US from a neutral rating to an outperform rating in a research note on Monday, October 23rd. Wells Fargo & Co raised Delek US from a market perform rating to an outperform rating and set a $40.00 price target for the company in a research note on Tuesday, November 14th. Howard Weil raised 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. Finally, Royal Bank of Canada reaffirmed a buy rating and issued a $35.00 price target on shares of Delek US in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Delek US has an average rating of Buy and an average target price of $36.21.
Shares of Delek US (DK) traded up $0.04 during midday trading on Wednesday, reaching $31.08. 1,430,000 shares of the company traded hands, compared to its average volume of 1,170,000. The firm has a market cap of $2,610.00, a P/E ratio of 3.72, a price-to-earnings-growth ratio of 1.37 and a beta of 1.69. Delek US has a 1-year low of $20.65 and a 1-year high of $39.43. The company has a current ratio of 1.09, a quick ratio of 0.76 and a debt-to-equity ratio of 0.60.
Delek US (NYSE:DK) last announced its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.13. The firm had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.64 billion. Delek US had a return on equity of 1.71% and a net margin of 2.09%. research analysts predict that Delek US will post 0.98 earnings per share for the current year.
In other Delek US news, insider Donald Norman Holmes sold 4,476 shares of the firm’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $32.74, for a total transaction of $146,544.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, COO Frederec Green sold 25,000 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $38.00, for a total value of $950,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 225,631 shares of company stock valued at $7,683,903. Insiders own 1.61% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Meeder Asset Management Inc. increased its position in Delek US by 194.4% during the 4th quarter. Meeder Asset Management Inc. now owns 3,286 shares of the oil and gas company’s stock worth $115,000 after buying an additional 2,170 shares during the period. Quantbot Technologies LP bought a new position in Delek US during the 3rd quarter worth $114,000. Hanseatic Management Services Inc. increased its position in Delek US by 18,606.3% during the 3rd quarter. Hanseatic Management Services Inc. now owns 5,986 shares of the oil and gas company’s stock worth $160,000 after buying an additional 5,954 shares during the period. Great West Life Assurance Co. Can increased its position in Delek US by 51.3% during the 3rd 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 period. Finally, Amalgamated Bank bought a new position in Delek US during the 2nd quarter worth $207,000. 90.97% of the stock is owned by institutional investors and hedge funds.
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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