Zacks Investment Research Upgrades Delek US (DK) to “Strong-Buy”

Delek US (NYSE:DK) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday. The firm currently has a $38.00 price target on the oil and gas company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 18.01% 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. “

DK has been the subject of several other research reports. Wells Fargo & Company reaffirmed a “positive” rating on shares of Delek US in a research report on Thursday, November 23rd. Tudor Pickering raised shares of Delek US from a “hold” rating to a “buy” rating in a research report on Friday, November 17th. Royal Bank of Canada reaffirmed a “buy” rating and set a $32.00 price target on shares of Delek US in a research report on Friday, September 8th. Cowen reaffirmed a “buy” rating and set a $33.00 price target on shares of Delek US in a research report on Friday, November 10th. Finally, BidaskClub raised shares of Delek US from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $31.67.

Shares of Delek US (NYSE DK) traded down $0.70 during mid-day trading on Thursday, reaching $32.20. 1,702,544 shares of the company traded hands, compared to its average volume of 1,065,965. Delek US has a 1 year low of $20.65 and a 1 year high of $33.74. The company has a quick ratio of 1.06, a current ratio of 1.49 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $2,680.00, a price-to-earnings ratio of 252.69, a price-to-earnings-growth ratio of 3.83 and a beta of 2.02.

In other news, insider Anthony L. Miller sold 1,155 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $32.79, for a total value of $37,872.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director David Wiessman sold 84,121 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $33.07, for a total transaction of $2,781,881.47. The disclosure for this sale can be found here. Insiders sold 200,649 shares of company stock valued at $6,462,667 in the last three months. Company insiders own 1.61% of the company’s stock.

Several hedge funds have recently made changes to their positions in DK. Quantbot Technologies LP purchased a new position in shares of Delek US in the third quarter valued at $114,000. Hanseatic Management Services Inc. boosted its stake in shares of Delek US by 18,606.3% in the third quarter. Hanseatic Management Services Inc. now owns 5,986 shares of the oil and gas company’s stock valued at $160,000 after purchasing an additional 5,954 shares during the period. Great West Life Assurance Co. Can boosted its stake in shares of Delek US by 51.3% in the third quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock valued at $188,000 after purchasing an additional 2,412 shares during the period. Amalgamated Bank purchased a new position in shares of Delek US in the second quarter valued at $207,000. Finally, ETRADE Capital Management LLC purchased a new position in shares of Delek US in the third quarter valued at $215,000. Institutional investors and hedge funds own 93.24% of the company’s stock.

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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.

Analyst Recommendations for Delek US (NYSE:DK)

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