Delek US (NYSE:DK) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Delek US (NYSE:DK) had its price objective boosted by investment analysts at The Goldman Sachs Group from $58.00 to $73.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. The Goldman Sachs Group’s price target would suggest a potential upside of 15.29% from the company’s current price.

Other research analysts have also issued research reports about the company. Zacks Research raised Delek US from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. UBS Group increased their target price on Delek US from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, April 10th. Citigroup raised their price target on Delek US from $33.00 to $44.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Weiss Ratings cut shares of Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Delek US presently has a consensus rating of “Hold” and an average target price of $50.54.

Delek US Price Performance

DK stock traded up $1.73 during trading on Friday, hitting $63.32. The stock had a trading volume of 456,029 shares, compared to its average volume of 1,398,749. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of -69.49, a price-to-earnings-growth ratio of 0.33 and a beta of 0.58. The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76. The company’s 50 day moving average price is $47.96 and its two-hundred day moving average price is $40.98. Delek US has a 1-year low of $19.81 and a 1-year high of $64.05.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.42) by $1.50. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the previous year, the business posted ($2.32) earnings per share. The company’s revenue was up .4% on a year-over-year basis. On average, sell-side analysts forecast that Delek US will post 6.08 EPS for the current fiscal year.

Insider Transactions at Delek US

In other Delek US news, EVP Robert G. Wright sold 10,720 shares of Delek US stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $47.07, for a total transaction of $504,590.40. Following the transaction, the executive vice president directly owned 48,148 shares of the company’s stock, valued at $2,266,326.36. The trade was a 18.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William J. Finnerty sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $51.50, for a total transaction of $257,500.00. Following the sale, the director owned 34,805 shares of the company’s stock, valued at approximately $1,792,457.50. This represents a 12.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 39,270 shares of company stock valued at $1,828,718 in the last three months. 3.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd lifted its stake in shares of Delek US by 95.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 432 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Delek US during the 3rd quarter valued at about $27,000. EverSource Wealth Advisors LLC boosted its holdings in Delek US by 173.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 614 shares during the period. Torren Management LLC purchased a new position in Delek US in the 4th quarter worth approximately $40,000. Finally, Focus Partners Wealth acquired a new stake in Delek US in the third quarter valued at approximately $44,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.