Delek US (NYSE:DK) Upgraded by TheStreet to C

Delek US (NYSE:DKGet Rating) was upgraded by equities research analysts at TheStreet from a “d+” rating to a “c” rating in a research report issued to clients and investors on Wednesday, TheStreetRatingsTable reports.

Several other analysts have also recently weighed in on DK. Zacks Investment Research upgraded Delek US from a “sell” rating to a “hold” rating and set a $18.00 price target on the stock in a report on Friday, February 4th. Piper Sandler reduced their price objective on shares of Delek US from $28.00 to $25.00 in a research note on Tuesday, January 25th. Morgan Stanley lifted their target price on Delek US from $19.00 to $25.00 and gave the stock an “underweight” rating in a report on Monday. Wells Fargo & Company increased their price target on Delek US from $27.00 to $34.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, StockNews.com initiated coverage on Delek US in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Delek US presently has an average rating of “Hold” and a consensus price target of $22.46.

Shares of Delek US stock opened at $23.43 on Wednesday. The company’s 50 day moving average price is $20.31 and its two-hundred day moving average price is $18.44. The firm has a market capitalization of $2.07 billion, a P/E ratio of -8.46 and a beta of 1.89. Delek US has a fifty-two week low of $13.48 and a fifty-two week high of $26.09. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.94 and a quick ratio of 0.56.

Delek US (NYSE:DKGet Rating) last released its quarterly earnings data on Wednesday, February 23rd. The oil and gas company reported ($0.61) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.80) by $0.19. Delek US had a negative return on equity of 23.08% and a negative net margin of 1.91%. The company had revenue of $3.11 billion for the quarter, compared to the consensus estimate of $2.45 billion. During the same quarter last year, the business posted ($2.25) EPS. Delek US’s revenue for the quarter was up 65.1% on a year-over-year basis. On average, analysts expect that Delek US will post 1.24 earnings per share for the current year.

In other Delek US news, Director Delek Us Holdings, Inc. sold 10,561 shares of the business’s stock in a transaction that occurred on Friday, March 18th. The stock was sold at an average price of $40.27, for a total transaction of $425,291.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 142,299 shares of company stock worth $6,044,803 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers grew its position in shares of Delek US by 0.8% during the 4th quarter. Rhumbline Advisers now owns 100,360 shares of the oil and gas company’s stock valued at $1,504,000 after acquiring an additional 780 shares during the period. American Century Companies Inc. grew its holdings in Delek US by 6.9% during the third quarter. American Century Companies Inc. now owns 15,822 shares of the oil and gas company’s stock valued at $284,000 after purchasing an additional 1,026 shares during the period. Meeder Asset Management Inc. increased its position in Delek US by 32.6% in the third quarter. Meeder Asset Management Inc. now owns 4,549 shares of the oil and gas company’s stock worth $81,000 after buying an additional 1,118 shares during the last quarter. Point72 Hong Kong Ltd raised its stake in shares of Delek US by 14.2% in the third quarter. Point72 Hong Kong Ltd now owns 10,585 shares of the oil and gas company’s stock valued at $190,000 after buying an additional 1,314 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of Delek US by 11.6% during the 3rd quarter. Van ECK Associates Corp now owns 13,490 shares of the oil and gas company’s stock valued at $242,000 after buying an additional 1,406 shares during the last quarter. Hedge funds and other institutional investors own 89.24% of the company’s stock.

About Delek US (Get Rating)

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. 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.

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