Raymond James Financial upgraded shares of Delek US (NYSE:DK) from an outperform rating to a strong-buy rating in a research report report published on Monday, November 13th, Marketbeat.com reports. The firm currently has $35.00 target price on the oil and gas company’s stock, up from their previous target price of $32.00.
Several other research analysts have also recently weighed in on DK. BidaskClub cut shares of Delek US from a strong-buy rating to a buy rating in a report on Sunday, July 16th. Zacks Investment Research cut shares of Delek US from a buy rating to a hold rating in a report on Tuesday, July 18th. Wolfe Research raised shares of Delek US from a market perform rating to an outperform rating in a report on Tuesday, July 25th. Scotiabank set a $26.00 target price on shares of Delek US and gave the company a hold rating in a report on Thursday, August 3rd. Finally, Cowen restated a buy rating and set a $30.00 target price on shares of Delek US in a research report on Thursday, August 17th. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $30.83.
Delek US (DK) opened at $32.50 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.49 and a debt-to-equity ratio of 0.63. Delek US has a 52 week low of $20.65 and a 52 week high of $33.74. The stock has a market cap of $2,705.84, a P/E ratio of 255.54, a PEG ratio of 5.19 and a beta of 2.01.
In related news, insider Anthony L. Miller sold 1,509 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $26.28, for a total value of $39,656.52. Following the transaction, the insider now owns 11,370 shares of the company’s stock, valued at approximately $298,803.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel L. Gordon sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $26.16, for a total transaction of $26,160.00. Following the completion of the transaction, the insider now directly owns 18,572 shares in the company, valued at approximately $485,843.52. The disclosure for this sale can be found here. In the last three months, insiders sold 131,648 shares of company stock worth $4,136,461. Insiders own 1.61% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP increased its position in Delek US by 18.2% during the 3rd quarter. GSA Capital Partners LLP now owns 41,500 shares of the oil and gas company’s stock valued at $1,109,000 after purchasing an additional 6,400 shares during the period. GeoSphere Capital Management purchased a new position in Delek US during the 3rd quarter valued at about $2,005,000. Piedmont Investment Advisors LLC increased its position in Delek US by 5.9% during the 3rd quarter. Piedmont Investment Advisors LLC now owns 38,750 shares of the oil and gas company’s stock valued at $1,036,000 after purchasing an additional 2,151 shares during the period. Point72 Asset Management L.P. increased its position in Delek US by 315.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,790,717 shares of the oil and gas company’s stock valued at $74,596,000 after purchasing an additional 2,119,017 shares during the period. Finally, Highbridge Capital Management LLC purchased a new position in Delek US during the 3rd quarter valued at about $1,583,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.
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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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