Delek US (DK) Raised to Buy at Citigroup

Citigroup upgraded shares of Delek US (NYSE:DK) from a neutral rating to a buy rating in a research note issued to investors on Wednesday, MarketBeat reports. The firm currently has $43.00 price target on the oil and gas company’s stock.

A number of other research firms also recently issued reports on DK. Zacks Investment Research upgraded Delek US from a hold rating to a buy rating and set a $43.00 price objective for the company in a report on Wednesday, January 17th. Morgan Stanley upgraded Delek US from an equal weight rating to an overweight rating and set a $44.00 price objective for the company in a report on Thursday, January 11th. Scotiabank reiterated a buy rating and issued a $43.00 price objective on shares of Delek US in a report on Wednesday, January 10th. Royal Bank of Canada reiterated a buy rating and issued a $41.00 price objective on shares of Delek US in a report on Tuesday, January 30th. Finally, Howard Weil upgraded Delek US from a sector perform rating to a focus list rating and increased their price objective for the stock from $26.00 to $41.00 in a report on Thursday, December 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $36.36.

Shares of Delek US (NYSE DK) traded down $0.28 during trading on Wednesday, hitting $33.60. The company had a trading volume of 832,492 shares, compared to its average volume of 1,227,779. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.76 and a current ratio of 1.09. The company has a market capitalization of $2,849.31, a P/E ratio of 260.61, a PEG ratio of 1.48 and a beta of 1.69. Delek US has a one year low of $20.65 and a one year high of $39.43.

In other news, COO Frederec Green sold 25,000 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $38.00, for a total value of $950,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Anthony L. Miller sold 1,155 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $32.79, for a total value of $37,872.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 225,631 shares of company stock worth $7,683,903. Insiders own 1.61% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DK. Quantbot Technologies LP purchased a new stake in shares of Delek US in the third quarter worth $114,000. Meeder Asset Management Inc. boosted its position in shares of Delek US by 194.4% during the fourth quarter. Meeder Asset Management Inc. now owns 3,286 shares of the oil and gas company’s stock valued at $115,000 after buying an additional 2,170 shares during the last quarter. Hanseatic Management Services Inc. boosted its position in shares of Delek US by 18,606.3% during 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 buying an additional 5,954 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Delek US by 51.3% during 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 buying an additional 2,412 shares during the last quarter. Finally, ETRADE Capital Management LLC purchased a new stake in shares of Delek US during the third quarter valued at $215,000. 89.13% of the stock is currently owned by hedge funds and other institutional investors.

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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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