Delek US (DK) Lifted to “Buy” at Zacks Investment Research

Delek US (NYSE:DK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm presently has a $43.00 target price on the oil and gas company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 9.89% from the stock’s current price.

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. “

Other equities research analysts have also issued research reports about the stock. TheStreet raised shares of Delek US from a “c+” rating to a “b-” rating in a report on Monday, December 18th. Cowen reissued a “buy” rating and issued a $30.00 price target on shares of Delek US in a report on Tuesday, October 17th. Tudor Pickering raised shares of Delek US from a “hold” rating to a “buy” rating in a report on Friday, November 17th. Royal Bank of Canada reissued a “buy” rating and issued a $35.00 price target on shares of Delek US in a report on Wednesday, October 18th. Finally, Scotiabank reissued a “buy” rating and issued a $43.00 price target on shares of Delek US in a report on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $35.14.

Shares of Delek US (NYSE:DK) traded up $0.90 during trading on Wednesday, reaching $39.13. 1,476,615 shares of the company’s stock were exchanged, compared to its average volume of 1,109,200. The company has a market cap of $3,120.00, a price-to-earnings ratio of 4.69, a PEG ratio of 2.04 and a beta of 2.01. Delek US has a 1-year low of $20.65 and a 1-year high of $39.43. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.76 and a current ratio of 1.09.

Delek US (NYSE:DK) last announced its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. Delek US had a net margin of 2.09% and a return on equity of 1.71%. sell-side analysts expect that Delek US will post 0.85 earnings per share for the current year.

In other news, insider Assi Ginzburg sold 20,000 shares of the firm’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Frederec Green sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $38.00, for a total transaction of $950,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 255,631 shares of company stock valued at $8,523,903. Corporate insiders own 1.61% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. purchased a new position in Delek US during the 3rd quarter valued at about $273,000. Ameriprise Financial Inc. lifted its position in Delek US by 371.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 458,456 shares of the oil and gas company’s stock valued at $12,254,000 after acquiring an additional 361,162 shares during the period. Strs Ohio purchased a new position in Delek US during the 3rd quarter valued at about $1,200,000. Boston Advisors LLC lifted its position in Delek US by 10.2% during the 3rd quarter. Boston Advisors LLC now owns 151,950 shares of the oil and gas company’s stock valued at $4,062,000 after acquiring an additional 14,070 shares during the period. Finally, Magnetar Financial LLC lifted its position in Delek US by 149.0% during the 3rd quarter. Magnetar Financial LLC now owns 33,156 shares of the oil and gas company’s stock valued at $886,000 after acquiring an additional 19,840 shares during the period. 93.10% of the stock is owned by 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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