Delek US (NYSE:DK) Price Target Raised to $47.00

by · The Cerbat Gem

Delek US (NYSE:DK – Get Free Report) had its price objective increased by stock analysts at Piper Sandler from $39.00 to $47.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the oil and gas company’s stock. Piper Sandler’s price target would indicate a potential upside of 14.93% from the company’s current price.

Several other research firms have also issued reports on DK. Bank of America raised their target price on shares of Delek US from $14.00 to $24.00 and gave the stock an “underperform” rating in a report on Wednesday, September 3rd. Wells Fargo & Company boosted their target price on shares of Delek US from $43.00 to $53.00 and gave the company an “overweight” rating in a research note on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of Delek US in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their price objective on Delek US from $19.00 to $35.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 15th. Finally, Wolfe Research raised Delek US from a “peer perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Wednesday, September 3rd. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Delek US currently has an average rating of “Hold” and a consensus price target of $38.08.

Get Our Latest Report on Delek US

Delek US Price Performance

Shares of Delek US stock traded up $1.54 during trading hours on Friday, reaching $40.90. The company’s stock had a trading volume of 418,371 shares, compared to its average volume of 1,716,882. The firm has a 50 day moving average price of $34.45 and a 200-day moving average price of $25.92. The company has a debt-to-equity ratio of 7.12, a current ratio of 0.86 and a quick ratio of 0.50. The stock has a market cap of $2.46 billion, a P/E ratio of -5.04 and a beta of 0.99. Delek US has a one year low of $11.02 and a one year high of $43.50.

Delek US (NYSE:DK – Get Free Report) last issued its quarterly earnings data on Tuesday, December 6th. The oil and gas company reported $0.05 earnings per share for the quarter. The company had revenue of $2.96 billion for the quarter. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%. On average, analysts predict that Delek US will post -5.5 EPS for the current year.

Insider Activity at Delek US

In other news, CFO Robert G. Wright sold 7,135 shares of Delek US stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $29.24, for a total transaction of $208,627.40. Following the completion of the sale, the chief financial officer directly owned 48,294 shares in the company, valued at approximately $1,412,116.56. The trade was a 12.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph Israel sold 20,028 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $41.12, for a total value of $823,551.36. Following the completion of the transaction, the executive vice president directly owned 62,793 shares in the company, valued at approximately $2,582,048.16. The trade was a 24.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 66,489 shares of company stock valued at $2,655,285 in the last three months. 1.80% of the stock is owned by insiders.

Institutional Trading of Delek US

Several large investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new position in Delek US in the 3rd quarter worth about $27,000. AlphaQuest LLC boosted its stake in shares of Delek US by 7,331.8% in the second quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 1,613 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of Delek US during the third quarter worth approximately $59,000. CWM LLC lifted its holdings in Delek US by 100.9% in the 1st quarter. CWM LLC now owns 2,318 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 1,164 shares in the last quarter. Finally, State of Wyoming purchased a new stake in shares of Delek US during the first quarter worth $95,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Company Profile

(Get Free Report)

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.

Featured Stories