Piper Sandler Increases Delek US (NYSE:DK) Price Target to $47.00

Delek US (NYSE:DK) had its price objective increased by equities researchers at Piper Sandler from $39.00 to $47.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the oil and gas company’s stock. Piper Sandler’s price objective would suggest a potential upside of 14.93% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Delek US in a report on Wednesday, October 8th. Mizuho raised their target price on shares of Delek US from $37.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday. TD Cowen boosted their price target on shares of Delek US from $28.00 to $36.00 and gave the stock a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Delek US from $19.00 to $35.00 and gave the company a “neutral” rating in a report on Wednesday, October 15th. Finally, Wolfe Research raised shares of Delek US from a “peer perform” rating to an “outperform” rating and set a $40.00 target price for the company in a report on Wednesday, September 3rd. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $38.08.

Delek US Price Performance

Shares of Delek US stock traded up $1.54 during trading 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 stock has a 50-day moving average price of $34.45 and a two-hundred day moving average price of $25.92. The stock has a market capitalization of $2.46 billion, a P/E ratio of -5.04 and a beta of 0.99. The company has a current ratio of 0.86, a quick ratio of 0.50 and a debt-to-equity ratio of 7.12. Delek US has a one year low of $11.02 and a one year high of $43.50.

Delek US (NYSE:DK) last issued its quarterly earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 earnings per share for the quarter. Delek US had a negative net margin of 4.83% and a negative return on equity of 56.40%. The business had revenue of $2.96 billion during the quarter. As a group, sell-side analysts anticipate that Delek US will post -5.5 EPS for the current fiscal year.

Insider Buying and Selling

In other Delek US news, CFO Robert G. Wright sold 7,135 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $29.24, for a total value of $208,627.40. Following the completion of the sale, the chief financial officer 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph Israel sold 20,028 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $41.12, for a total value of $823,551.36. Following the transaction, the executive vice president owned 62,793 shares in the company, valued at approximately $2,582,048.16. This represents a 24.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 66,489 shares of company stock worth $2,655,285. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in shares of Delek US by 20.8% in the 1st quarter. Bank of New York Mellon Corp now owns 295,727 shares of the oil and gas company’s stock worth $4,457,000 after purchasing an additional 50,825 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Delek US by 1,548.4% in the first quarter. Nisa Investment Advisors LLC now owns 13,270 shares of the oil and gas company’s stock worth $200,000 after buying an additional 12,465 shares in the last quarter. CWM LLC raised its stake in shares of Delek US by 100.9% in the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company’s stock worth $35,000 after buying an additional 1,164 shares during the period. AMG National Trust Bank purchased a new position in shares of Delek US during the 1st quarter valued at about $1,639,000. Finally, Allianz Asset Management GmbH lifted its position in shares of Delek US by 0.8% during the 1st quarter. Allianz Asset Management GmbH now owns 839,275 shares of the oil and gas company’s stock valued at $12,648,000 after buying an additional 7,018 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

About Delek US

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.