Delek US Holdings, Inc. (DK) Stock Rating Upgraded by Raymond James Financial, Inc.

Delek US Holdings, Inc. (NYSE:DK) was upgraded by analysts at Raymond James Financial, Inc. from an “outperform” rating to a “strong-buy” rating in a report released on Monday. The firm presently has a $35.00 price objective on the oil and gas company’s stock, up from their prior price objective of $32.00. Raymond James Financial, Inc.’s price objective points to a potential upside of 27.55% from the stock’s previous close.

DK has been the subject of a number of other reports. Scotiabank set a $26.00 price objective on Delek US Holdings and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research upgraded Delek US Holdings from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Friday. Wolfe Research upgraded Delek US Holdings from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 25th. Royal Bank Of Canada reiterated a “buy” rating and set a $32.00 price target on shares of Delek US Holdings in a report on Friday, September 8th. Finally, Cowen and Company reiterated a “buy” rating and set a $33.00 price target on shares of Delek US Holdings in a report on Friday. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $30.00.

Shares of Delek US Holdings (NYSE:DK) opened at $27.44 on Monday. Delek US Holdings has a 1 year low of $16.88 and a 1 year high of $29.16. The company has a market capitalization of $2,235.05, a PE ratio of 211.08, a price-to-earnings-growth ratio of 5.08 and a beta of 1.92. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.49.

TRADEMARK VIOLATION NOTICE: “Delek US Holdings, Inc. (DK) Stock Rating Upgraded by Raymond James Financial, Inc.” was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.chaffeybreeze.com/2017/11/13/delek-us-holdings-inc-dk-stock-rating-upgraded-by-raymond-james-financial-inc.html.

In related news, Director Charles H. Leonard sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $22.10, for a total value of $55,250.00. Following the completion of the sale, the director now directly owns 23,035 shares in the company, valued at approximately $509,073.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Frederec Green sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $28.00, for a total value of $280,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,027 shares of company stock valued at $1,089,830. Corporate insiders own 1.61% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in Delek US Holdings in the 3rd quarter worth approximately $114,000. Hanseatic Management Services Inc. increased its position in Delek US Holdings by 18,606.3% in 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 Holdings by 51.3% in 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. Amalgamated Bank bought a new position in Delek US Holdings in the 2nd quarter worth approximately $207,000. Finally, ETRADE Capital Management LLC bought a new position in Delek US Holdings in the 3rd quarter worth approximately $215,000. 97.01% of the stock is currently owned by institutional investors.

Delek US Holdings 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.

Analyst Recommendations for Delek US Holdings (NYSE:DK)

Receive News & Ratings for Delek US Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply