Delek US Holdings, Inc. (NYSE:DK) Receives $38.85 Consensus Target Price from Analysts

Delek US Holdings, Inc. (NYSE:DK) has been given a consensus rating of “Hold” by the fourteen analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $38.8462.

DK has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 15th. The Goldman Sachs Group increased their target price on Delek US from $28.00 to $39.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. Weiss Ratings restated a “sell (d-)” rating on shares of Delek US in a report on Wednesday, January 21st. Citigroup cut their price target on shares of Delek US from $37.00 to $33.00 and set a “neutral” rating on the stock in a research note on Monday, January 26th. Finally, Mizuho upped their price target on shares of Delek US from $45.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, December 12th.

Delek US Trading Down 4.4%

Shares of NYSE DK opened at $33.00 on Tuesday. Delek US has a 1-year low of $11.02 and a 1-year high of $43.50. The company has a 50-day moving average of $30.86 and a two-hundred day moving average of $31.58. The company has a market cap of $1.98 billion, a PE ratio of -4.04 and a beta of 0.84. The company has a current ratio of 0.86, a quick ratio of 0.58 and a debt-to-equity ratio of 7.12.

Institutional Trading of Delek US

A number of institutional investors have recently modified their holdings of DK. Allianz Asset Management GmbH grew its stake in shares of Delek US by 40.2% in the third quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock valued at $47,569,000 after buying an additional 423,017 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Delek US during the third quarter worth $1,338,000. Quantbot Technologies LP acquired a new stake in Delek US in the second quarter valued at $1,089,000. Federated Hermes Inc. acquired a new stake in Delek US in the third quarter valued at $5,416,000. Finally, KLP Kapitalforvaltning AS grew its position in shares of Delek US by 64.3% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 25,050 shares of the oil and gas company’s stock valued at $531,000 after acquiring an additional 9,800 shares during the period. 97.01% of the stock is currently owned by institutional investors.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.