Delek US Holdings, Inc. (DK) Stock Rating Upgraded by Raymond James Financial, Inc.
Delek US Holdings, Inc. (NYSE:DK) was upgraded by equities researchers at Raymond James Financial, Inc. from an “outperform” rating to a “strong-buy” rating in a note issued to investors on Monday. The brokerage currently has a $35.00 price target on the oil and gas company’s stock, up from their previous price target of $32.00. Raymond James Financial, Inc.’s price objective indicates a potential upside of 25.22% from the company’s current price.
Several other equities analysts have also recently issued reports on the company. Macquarie raised Delek US Holdings from a “neutral” rating to an “outperform” rating in a report on Monday, October 23rd. Zacks Investment Research cut Delek US Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub cut Delek US Holdings from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Wolfe Research raised Delek US Holdings from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 25th. Finally, Scotiabank set a $26.00 price objective on Delek US Holdings and gave the company a “hold” rating in a report on Thursday, August 3rd. Ten equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $30.83.
Shares of Delek US Holdings (NYSE:DK) opened at $27.95 on Monday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.49. The firm has a market capitalization of $2,217.94, a PE ratio of 209.46, a price-to-earnings-growth ratio of 4.25 and a beta of 1.92. Delek US Holdings has a one year low of $17.58 and a one year high of $29.16.
In other Delek US Holdings news, insider Donald Norman Holmes sold 1,018 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $25.19, for a total transaction of $25,643.42. Following the completion of the sale, the insider now directly owns 30,989 shares in the company, valued at approximately $780,612.91. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Assi Ginzburg sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $28.00, for a total value of $560,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,527 shares of company stock valued at $1,034,580. 1.61% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new stake in shares of Delek US Holdings in the third quarter valued at approximately $114,000. Hanseatic Management Services Inc. grew its position in shares of Delek US Holdings 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 in the last quarter. Great West Life Assurance Co. Can grew its position in shares of Delek US Holdings 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 in the last quarter. Amalgamated Bank purchased a new stake in shares of Delek US Holdings in the second quarter valued at approximately $207,000. Finally, ETRADE Capital Management LLC purchased a new stake in shares of Delek US Holdings in the third quarter valued at approximately $215,000. Institutional investors own 97.01% of the company’s stock.
Delek US Holdings 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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