TheStreet upgraded shares of Delek US (NYSE:DK) from a c+ rating to a b- rating in a report published on Monday, December 18th.
Several other research firms have also recently issued reports on DK. BidaskClub raised Delek US from a sell rating to a hold rating in a research note on Friday, August 25th. Scotiabank reissued a hold rating and set a $26.00 target price on shares of Delek US in a research note on Friday, September 8th. Royal Bank of Canada restated a buy rating and set a $32.00 price target on shares of Delek US in a research report on Friday, September 8th. Zacks Investment Research upgraded Delek US from a hold rating to a buy rating and set a $30.00 price target on the stock in a research report on Monday, October 16th. Finally, Cowen restated a buy rating and set a $30.00 price target on shares of Delek US in a research report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of Buy and a consensus price target of $34.79.
Shares of Delek US (NYSE DK) traded up $0.80 during trading on Monday, reaching $37.15. The company’s stock had a trading volume of 1,563,729 shares, compared to its average volume of 1,220,000. The stock has a market cap of $2,960.00, a PE ratio of 4.45, a P/E/G ratio of 2.20 and a beta of 2.01. Delek US has a 1-year low of $20.65 and a 1-year high of $37.96.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Tuesday, November 21st. Delek US’s payout ratio is currently 7.19%.
In related news, insider Donald Norman Holmes sold 4,476 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $32.74, for a total transaction of $146,544.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Frederec Green sold 10,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was 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. Over the last ninety days, insiders have sold 230,631 shares of company stock worth $7,573,903. Corporate insiders own 1.61% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of DK. Quantbot Technologies LP purchased a new stake in Delek US in the third quarter worth about $114,000. Hanseatic Management Services Inc. increased its position in 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 worth $160,000 after buying an additional 5,954 shares in the last quarter. Great West Life Assurance Co. Can increased its position in 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 worth $188,000 after buying an additional 2,412 shares in the last quarter. Amalgamated Bank purchased a new stake in Delek US in the second quarter worth about $207,000. Finally, ETRADE Capital Management LLC purchased a new stake in Delek US in the third quarter worth about $215,000. Institutional investors and hedge funds own 93.19% 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.
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