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.
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.
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