Delek US Holdings, Inc. (NYSE:DK) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The brokerage presently has a $31.00 price target on the oil and gas company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 4.34% from the stock’s current price.
According to Zacks, “DELEK US HOLDINGS, INC. is a diversified energy business focused on petroleum refining, marketing and supply of refined products, and retail marketing of fuel and general merchandise. “
Several other analysts have also recently commented on DK. BidaskClub cut Delek US Holdings from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Cowen and Company restated a “buy” rating and set a $33.00 target price on shares of Delek US Holdings in a report on Friday, November 10th. Royal Bank Of Canada restated a “buy” rating and set a $35.00 target price on shares of Delek US Holdings in a report on Wednesday, October 18th. Wells Fargo & Company upgraded Delek US Holdings from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Tuesday. Finally, Scotiabank set a $26.00 target price on Delek US Holdings and gave the stock a “hold” rating in a report on Thursday, August 3rd. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Delek US Holdings currently has a consensus rating of “Buy” and an average target price of $30.83.
Shares of Delek US Holdings (DK) opened at $29.71 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.49. The company has a market capitalization of $2,270.00, a price-to-earnings ratio of 215.00, a PEG ratio of 4.37 and a beta of 1.92. Delek US Holdings has a 1-year low of $18.99 and a 1-year high of $29.77.
In other Delek US Holdings news, insider Assi Ginzburg sold 20,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $28.00, for a total value of $560,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Frederec Green sold 10,000 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $28.00, for a total value of $280,000.00. The disclosure for this sale can be found here. Insiders sold 37,527 shares of company stock worth $1,034,580 in the last three months. Insiders own 1.61% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board raised its position in shares of Delek US Holdings by 51.5% during the second quarter. Canada Pension Plan Investment Board now owns 242,900 shares of the oil and gas company’s stock worth $6,422,000 after purchasing an additional 82,600 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Delek US Holdings by 65.5% during the second quarter. BNP Paribas Arbitrage SA now owns 15,068 shares of the oil and gas company’s stock worth $398,000 after purchasing an additional 5,966 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of Delek US Holdings during the second quarter worth about $2,572,000. Tudor Investment Corp ET AL raised its position in shares of Delek US Holdings by 15.6% during the first quarter. Tudor Investment Corp ET AL now owns 12,342 shares of the oil and gas company’s stock worth $300,000 after purchasing an additional 1,666 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Delek US Holdings during the third quarter worth about $1,200,000. 97.01% of the stock is currently owned by institutional investors.
About Delek US Holdings
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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