TD Cowen Forecasts Strong Price Appreciation for Delek US (NYSE:DK) Stock

Delek US (NYSE:DK) had its price target raised by stock analysts at TD Cowen from $28.00 to $44.00 in a research report issued on Thursday, Marketbeat.com reports. The brokerage presently has a “hold” rating on the oil and gas company’s stock. TD Cowen’s price objective would indicate a potential upside of 3.90% from the stock’s current price.

A number of other research firms have also issued reports on DK. Piper Sandler reduced their target price on Delek US from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Scotiabank set a $34.00 price target on Delek US in a research report on Friday, January 16th. UBS Group upped their price objective on Delek US from $31.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. Mizuho increased their price objective on Delek US from $45.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Finally, Wells Fargo & Company lifted their price objective on Delek US from $43.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Delek US presently has a consensus rating of “Hold” and an average price target of $39.46.

Delek US Stock Performance

DK opened at $42.35 on Thursday. Delek US has a 1-year low of $11.02 and a 1-year high of $45.74. The stock has a market cap of $2.54 billion, a P/E ratio of -121.00 and a beta of 0.75. The stock’s 50 day simple moving average is $32.38 and its 200 day simple moving average is $33.31. The company has a debt-to-equity ratio of 5.89, a current ratio of 0.82 and a quick ratio of 0.58.

Delek US (NYSE:DK) last released its quarterly earnings data on Friday, February 27th. The oil and gas company reported $0.44 EPS for the quarter, topping the consensus estimate of ($0.19) by $0.63. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates 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 for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($2.54) EPS. As a group, equities analysts anticipate that Delek US will post -5.5 EPS for the current fiscal year.

Insiders Place Their Bets

In other Delek US news, Director William J. Finnerty sold 5,392 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $42.75, for a total value of $230,508.00. Following the completion of the sale, the director owned 46,369 shares of the company’s stock, valued at $1,982,274.75. This trade represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Shlomo Zohar sold 22,029 shares of Delek US stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $44.83, for a total value of $987,560.07. Following the completion of the transaction, the director owned 18,989 shares of the company’s stock, valued at approximately $851,276.87. The trade was a 53.71% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 142,764 shares of company stock valued at $5,989,317. Company insiders own 1.80% of the company’s stock.

Institutional Trading of Delek US

Several institutional investors have recently modified their holdings of DK. Allianz Asset Management GmbH increased its stake in Delek US by 40.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock worth $47,569,000 after purchasing an additional 423,017 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Delek US in the 3rd quarter valued at approximately $1,338,000. Federated Hermes Inc. purchased a new stake in shares of Delek US during the third quarter worth $5,416,000. Quantbot Technologies LP acquired a new stake in shares of Delek US during the 2nd quarter valued at about $1,089,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in Delek US in the second quarter worth approximately $454,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US News Roundup

Here are the key news stories impacting Delek US this week:

• Positive Sentiment: TD Cowen raised its price target from $28 to $44 (hold), narrowing upside uncertainty and signaling improving analyst visibility. Finviz
• Positive Sentiment: Quarterly results: Delek US reported a surprise EPS beat ($0.44 vs. est. -$0.19), which is supportive for the shares despite a slight revenue shortfall. (Source: company/market coverage)
• Positive Sentiment: Dividend declared: a $0.255 quarterly dividend (annualized $1.02, ~2.3% yield) payable March 9 — offers short-term income support for the stock.
• Neutral Sentiment: Institutional activity: several large funds have adjusted positions recently (mix of increases and new stakes); institutional ownership remains high (~97%), which can both stabilize and concentrate stock moves.
• Negative Sentiment: CEO sale: CEO Avigal Soreq sold 50,000 shares (~$2.05M at ~$41.08). Large insider sales from the CEO often trigger investor concern about timing and outlook. CEO Sale — SEC filing: Form 4
• Negative Sentiment: Additional insider selling: multiple executives and directors sold sizable stakes in early March (EVPs Reuven Spiegel — 20,000 sh; Joseph Israel — 38,000 sh; Directors Shlomo Zohar and William Finnerty also sold). The cluster of senior-level sales is adding downward pressure. Relevant SEC filings: Spiegel (Read More.), Israel (Read More.), Zohar (Read More.), Finnerty (Read More.).
• Negative Sentiment: Analyst moves mixed-to-negative: Citi and Piper Sandler trimmed price targets (to $33 and $40 respectively) and Weiss reiterated a sell — these downward revisions amplify selling pressure even as some shops (e.g., Mizuho) remain bullish.

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.