Delek US (NYSE:DK) Shares Gap Up to $17.44

Delek US Holdings, Inc. (NYSE:DK) shares gapped up prior to trading on Monday . The stock had previously closed at $17.44, but opened at $18.13. Delek US shares last traded at $18.75, with a volume of 2,810 shares changing hands.

A number of research firms have recently weighed in on DK. Piper Sandler upped their target price on Delek US from $27.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, September 16th. Raymond James cut their target price on Delek US from $30.00 to $25.00 and set an “outperform” rating for the company in a research report on Tuesday, July 20th. Morgan Stanley began coverage on Delek US in a research report on Tuesday, September 7th. They set an “underweight” rating and a $20.00 target price for the company. Wolfe Research downgraded Delek US from an “outperform” rating to a “peer perform” rating and set a $20.00 target price for the company. in a research report on Wednesday, July 14th. Finally, Zacks Investment Research downgraded Delek US from a “hold” rating to a “sell” rating and set a $17.00 target price for the company. in a research report on Tuesday, July 20th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Delek US has an average rating of “Hold” and an average price target of $21.31.

The business has a fifty day simple moving average of $16.55 and a 200-day simple moving average of $20.20. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.69 and a current ratio of 1.06. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -2.44 and a beta of 2.14.

Delek US (NYSE:DK) last issued its earnings results on Tuesday, August 3rd. The oil and gas company reported ($0.88) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.01) by $0.13. Delek US had a negative return on equity of 38.01% and a negative net margin of 6.58%. The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $1.96 billion. On average, equities analysts anticipate that Delek US Holdings, Inc. will post -3.64 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of DK. Victory Capital Management Inc. increased its holdings in Delek US by 31.2% in the 2nd quarter. Victory Capital Management Inc. now owns 4,669,475 shares of the oil and gas company’s stock worth $100,954,000 after purchasing an additional 1,110,975 shares in the last quarter. SIR Capital Management L.P. acquired a new stake in shares of Delek US in the second quarter valued at about $10,176,000. BlackRock Inc. increased its stake in shares of Delek US by 5.4% in the second quarter. BlackRock Inc. now owns 6,957,996 shares of the oil and gas company’s stock valued at $150,430,000 after buying an additional 359,152 shares during the period. Morgan Stanley increased its stake in shares of Delek US by 660.4% in the second quarter. Morgan Stanley now owns 369,741 shares of the oil and gas company’s stock valued at $7,994,000 after buying an additional 321,118 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of Delek US by 44.3% in the first quarter. Ameriprise Financial Inc. now owns 822,272 shares of the oil and gas company’s stock valued at $17,908,000 after buying an additional 252,499 shares during the period.

Delek US Company Profile (NYSE:DK)

Delek US Holdings, Inc engages in the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products.

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