Delek US (NYSE:DK) was upgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a note issued to investors on Thursday, MarketBeat Ratings reports. The brokerage currently has a $44.00 price objective on the oil and gas company’s stock. Morgan Stanley’s target price suggests a potential upside of 21.05% from the company’s previous close.
A number of other research analysts have also weighed in on the stock. Raymond James Financial raised shares of Delek US from an “outperform” rating to a “strong-buy” rating and raised their price objective for the company from $32.00 to $35.00 in a research note on Monday, November 13th. Zacks Investment Research raised shares of Delek US from a “hold” rating to a “strong-buy” rating and set a $38.00 price objective on the stock in a research note on Thursday, December 14th. Macquarie raised shares of Delek US from a “neutral” rating to an “outperform” rating in a research report on Monday, October 23rd. Wells Fargo & Co raised shares of Delek US from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Tuesday, November 14th. Finally, Howard Weil raised shares of Delek US from a “sector perform” rating to a “focus list” rating and raised their price target for the company from $26.00 to $41.00 in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $34.79.
Delek US (NYSE:DK) traded up $0.10 during mid-day trading on Thursday, hitting $36.35. 555,600 shares of the stock traded hands, compared to its average volume of 992,871. The company has a market capitalization of $2,960.00, a P/E ratio of 4.35, a P/E/G ratio of 2.20 and a beta of 2.01. Delek US has a 12-month low of $20.65 and a 12-month high of $37.42.
In related news, Director David Wiessman sold 65,879 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $33.51, for a total transaction of $2,207,605.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Frederec Green sold 25,000 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $36.00, for a total transaction of $900,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 230,631 shares of company stock valued at $7,573,903. Corporate insiders own 1.61% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Quantbot Technologies LP purchased a new position in Delek US during the 3rd quarter valued at $114,000. Hanseatic Management Services Inc. grew its position in shares of Delek US by 18,606.3% in the 3rd quarter. Hanseatic Management Services Inc. now owns 5,986 shares of the oil and gas company’s stock worth $160,000 after buying an additional 5,954 shares during the period. Great West Life Assurance Co. Can grew its position in shares of Delek US by 51.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock worth $188,000 after buying an additional 2,412 shares during the period. Amalgamated Bank purchased a new stake in shares of Delek US in the 2nd quarter worth about $207,000. Finally, ETRADE Capital Management LLC purchased a new stake in shares of Delek US in the 3rd quarter worth about $215,000. 93.19% of the stock is currently owned by institutional investors and hedge funds.
ILLEGAL ACTIVITY NOTICE: “Morgan Stanley Upgrades Delek US (DK) to “Overweight”” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another site, it was illegally copied and republished in violation of international copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/01/11/delek-us-dk-stock-rating-upgraded-by-morgan-stanley.html.
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.
Receive News & Ratings for Delek US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US and related companies with MarketBeat.com's FREE daily email newsletter.