Delek US (NYSE:DK) Stock Rating Upgraded by Wall Street Zen

Delek US (NYSE:DK) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Sunday.

Several other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. increased their price objective on Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Raymond James Financial upped their target price on shares of Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. The Goldman Sachs Group raised their price target on shares of Delek US from $58.00 to $73.00 and gave the company a “buy” rating in a report on Friday, July 17th. Mizuho lifted their price target on shares of Delek US from $54.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Finally, Zacks Research upgraded shares of Delek US from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Delek US currently has a consensus rating of “Hold” and an average price target of $51.92.

Delek US Stock Up 4.0%

NYSE:DK opened at $60.79 on Friday. The firm has a 50-day simple moving average of $54.54 and a two-hundred day simple moving average of $45.11. The firm has a market cap of $3.72 billion, a P/E ratio of 17.08, a P/E/G ratio of 1.42 and a beta of 0.57. Delek US has a fifty-two week low of $20.06 and a fifty-two week high of $68.93. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76.

Delek US (NYSE:DK) last announced its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same period in the previous year, the business earned ($0.56) EPS. The firm’s revenue for the quarter was up 47.9% on a year-over-year basis. Analysts predict that Delek US will post 9.03 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Reuven Spiegel sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $44.36, for a total transaction of $443,600.00. Following the completion of the sale, the executive vice president directly owned 48,372 shares in the company, valued at approximately $2,145,781.92. The trade was a 17.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William J. Finnerty sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $51.50, for a total transaction of $257,500.00. Following the sale, the director directly owned 34,805 shares of the company’s stock, valued at approximately $1,792,457.50. This represents a 12.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 39,270 shares of company stock worth $1,828,718. Company insiders own 3.56% of the company’s stock.

Institutional Investors Weigh In On Delek US

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its holdings in Delek US by 18.4% in the 1st quarter. Royal Bank of Canada now owns 278,774 shares of the oil and gas company’s stock worth $4,201,000 after purchasing an additional 43,379 shares during the period. AQR Capital Management LLC purchased a new stake in Delek US in the first quarter worth about $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Delek US by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock worth $560,000 after buying an additional 1,102 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Delek US by 3,979.8% in the first quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company’s stock worth $307,000 after buying an additional 19,899 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Delek US by 7.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,871 shares of the oil and gas company’s stock worth $2,213,000 after buying an additional 9,827 shares during the period. Institutional investors own 97.01% of the company’s stock.

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.