Delek US (NYSE:DK) Price Target Raised to $54.00

Delek US (NYSE:DK) had its target price upped by research analysts at Mizuho from $51.00 to $54.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the oil and gas company’s stock. Mizuho’s price objective points to a potential upside of 27.55% from the company’s previous close.

Several other brokerages have also recently issued reports on DK. TD Cowen lifted their target price on Delek US from $28.00 to $44.00 and gave the company a “hold” rating in a research report on Thursday, March 5th. Wall Street Zen raised shares of Delek US from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. JPMorgan Chase & Co. reduced their target price on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 15th. Morgan Stanley lowered their target price on shares of Delek US from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Tuesday, January 27th. Finally, Piper Sandler cut their price target on shares of Delek US from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $39.69.

Delek US Stock Up 2.9%

DK stock traded up $1.21 during midday trading on Tuesday, reaching $42.34. 520,151 shares of the company’s stock traded hands, compared to its average volume of 1,575,455. The company has a quick ratio of 0.53, a current ratio of 0.82 and a debt-to-equity ratio of 5.89. The firm’s fifty day moving average price is $33.75 and its 200-day moving average price is $34.11. Delek US has a 52 week low of $11.02 and a 52 week high of $45.74. The company has a market cap of $2.53 billion, a price-to-earnings ratio of -120.60 and a beta of 0.75.

Delek US (NYSE:DK) last issued its quarterly earnings data on Friday, February 27th. The oil and gas company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.63. The firm had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the company earned ($2.54) earnings per share. As a group, sell-side analysts forecast that Delek US will post -5.5 earnings per share for the current fiscal year.

Insider Activity

In other Delek US news, Director Shlomo Zohar sold 22,029 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $44.83, for a total transaction of $987,560.07. Following the completion of the transaction, the director directly owned 18,989 shares of the company’s stock, valued at approximately $851,276.87. This represents a 53.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Avigal Soreq sold 50,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $41.08, for a total value of $2,054,000.00. Following the completion of the sale, the chief executive officer directly owned 251,678 shares of the company’s stock, valued at $10,338,932.24. This represents a 16.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 147,764 shares of company stock worth $6,196,667. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in Delek US by 18.4% in the 1st quarter. Royal Bank of Canada now owns 278,774 shares of the oil and gas company’s stock valued at $4,201,000 after acquiring an additional 43,379 shares during the period. AQR Capital Management LLC purchased a new position in shares of Delek US in the first quarter worth about $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Delek US by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock valued at $560,000 after purchasing an additional 1,102 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Delek US by 3,979.8% during the 1st quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company’s stock valued at $307,000 after buying an additional 19,899 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Delek US by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,871 shares of the oil and gas company’s stock worth $2,213,000 after buying an additional 9,827 shares during the period. Institutional investors own 97.01% of the company’s stock.

Delek US Company Profile

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.