Delek US Holdings, Inc. (NYSE:DK) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Delek US Holdings, Inc. (NYSE:DK) has received an average rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $70.83.

A number of research analysts have recently issued reports on DK shares. Freedom Broker started coverage on shares of Delek US in a research report on Wednesday, October 7th. They issued a “hold” rating and a $86.00 price target on the stock. Raymond James Financial boosted their target price on shares of Delek US from $72.00 to $90.00 and gave the company an “outperform” rating in a report on Monday, September 14th. Mizuho reiterated a “neutral” rating and set a $83.00 price target (up from $66.00) on shares of Delek US in a report on Thursday, October 8th. JPMorgan Chase & Co. lifted their price objective on Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Finally, Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 9th.

Insiders Place Their Bets

In other Delek US news, EVP Reuven Spiegel sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $73.21, for a total value of $549,075.00. Following the transaction, the executive vice president directly owned 28,935 shares of the company’s stock, valued at approximately $2,118,331.35. The trade was a 20.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vicky Sutil sold 6,397 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $71.50, for a total value of $457,385.50. Following the transaction, the director owned 26,407 shares in the company, valued at $1,888,100.50. The trade was a 19.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 163,377 shares of company stock valued at $11,082,485 in the last 90 days. Company insiders own 3.56% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Allworth Financial LP purchased a new position in shares of Delek US during the second quarter valued at approximately $30,000. Fortitude Family Office LLC raised its holdings in shares of Delek US by 223.7% in the third quarter. Fortitude Family Office LLC now owns 547 shares of the oil and gas company’s stock valued at $39,000 after purchasing an additional 378 shares during the last quarter. IFP Advisors Inc lifted its position in shares of Delek US by 842.7% during the third quarter. IFP Advisors Inc now owns 707 shares of the oil and gas company’s stock valued at $50,000 after purchasing an additional 632 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of Delek US by 1,327.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,955 shares of the oil and gas company’s stock valued at $58,000 after purchasing an additional 1,818 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in Delek US by 350.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,037 shares of the oil and gas company’s stock worth $60,000 after purchasing an additional 1,585 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Trading Down 3.1%

Shares of DK stock opened at $75.80 on Friday. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 0.60 and a beta of 0.62. The stock has a 50-day moving average of $73.31 and a 200-day moving average of $58.27. The company has a current ratio of 0.76, a quick ratio of 0.47 and a debt-to-equity ratio of 7.53. Delek US has a 1-year low of $25.85 and a 1-year high of $82.27.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.44 billion. Delek US had a return on equity of 109.03% and a net margin of 1.86%. The firm’s quarterly revenue was up 47.9% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.56) earnings per share. On average, equities research analysts forecast that Delek US will post 17.77 earnings per share for the current year.

About Delek US

Delek US Holdings, Inc is a downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing and transporting fuels and other refined petroleum products for markets primarily in the southern United States.

Through its refining operations, Delek processes crude oil into products such as gasoline, diesel, jet fuel and asphalt. Its logistics business, conducted in part through Delek Logistics Partners, owns and operates pipelines, crude oil gathering systems, storage terminals, transportation assets and other infrastructure that supports the movement of crude oil and refined products.

Delek has also operated convenience stores and fuel stations, particularly in Texas and neighboring states, under brands including DK and Alon.