Morgan Stanley upgraded shares of Delek US (NYSE:DK) from an equal weight rating to an overweight rating in a report published on Thursday, January 11th, MarketBeat.com reports. The firm currently has $44.00 price objective on the oil and gas company’s stock.
A number of other brokerages have also weighed in on DK. Zacks Investment Research lowered shares of Delek US from a strong-buy rating to a hold rating in a research report on Wednesday, January 10th. Scotiabank restated a buy rating and set a $43.00 target price on shares of Delek US in a research report on Wednesday, January 10th. Royal Bank of Canada restated a buy rating and set a $40.00 target price on shares of Delek US in a research report on Wednesday, December 20th. Howard Weil upgraded shares of Delek US from a sector perform rating to a focus list rating and upped their target price for the stock from $26.00 to $41.00 in a research report on Thursday, December 21st. Finally, Bank of America lowered shares of Delek US from a neutral rating to an underperform rating and set a $34.00 target price for the company. in a research report on Friday, December 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $36.21.
Delek US (NYSE:DK) traded down $1.52 on Thursday, hitting $32.97. 926,779 shares of the company’s stock were exchanged, compared to its average volume of 1,128,795. The company has a market capitalization of $2,810.00, a price-to-earnings ratio of 3.94, a P/E/G ratio of 1.54 and a beta of 1.69. Delek US has a fifty-two week low of $20.65 and a fifty-two week high of $39.43. The company has a current ratio of 1.09, a quick ratio of 0.76 and a debt-to-equity ratio of 0.60.
Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported $0.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.13. Delek US had a net margin of 2.09% and a return on equity of 1.71%. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.64 billion. equities research analysts expect that Delek US will post 0.98 EPS for the current year.
In other news, insider Anthony L. Miller sold 1,155 shares of the 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 SEC, which is available at this link. Also, COO Frederec Green sold 10,000 shares of the stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $32.00, for a total transaction of $320,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 225,631 shares of company stock worth $7,683,903. 1.61% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Delek US in the third quarter valued at $114,000. Hanseatic Management Services Inc. raised 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 acquiring an additional 5,954 shares during the period. Great West Life Assurance Co. Can raised 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 acquiring an additional 2,412 shares during the period. Amalgamated Bank purchased a new stake in shares of Delek US in the second quarter valued at $207,000. Finally, ETRADE Capital Management LLC purchased a new stake in shares of Delek US in the third quarter valued at $215,000. 93.05% 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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