Delek US (NYSE:DK) Price Target Raised to $27.00 at Scotiabank

Delek US (NYSE:DK) had its price objective increased by investment analysts at Scotiabank from $25.00 to $27.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “sector perform” rating on the oil and gas company’s stock. Scotiabank’s price objective points to a potential downside of 14.64% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. UBS Group upped their price target on shares of Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. StockNews.com lowered shares of Delek US from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Citigroup assumed coverage on shares of Delek US in a research report on Wednesday, January 24th. They issued a “neutral” rating on the stock. Bank of America boosted their price objective on shares of Delek US from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. Finally, Mizuho boosted their price objective on shares of Delek US from $26.00 to $30.00 and gave the stock an “underperform” rating in a research report on Friday, March 22nd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $28.56.

Delek US Stock Up 0.1 %

Delek US stock opened at $31.63 on Thursday. The stock has a market capitalization of $2.02 billion, a PE ratio of 143.77 and a beta of 1.32. Delek US has a twelve month low of $19.39 and a twelve month high of $33.60. The company has a quick ratio of 0.63, a current ratio of 0.99 and a debt-to-equity ratio of 2.66. The company has a 50 day moving average of $28.77 and a 200-day moving average of $27.19.

Delek US (NYSE:DK) last released its quarterly earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) earnings per share for the quarter, missing the consensus estimate of ($1.28) by ($0.18). The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.55 billion. Delek US had a net margin of 0.12% and a return on equity of 18.27%. The firm’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 EPS. On average, equities research analysts anticipate that Delek US will post 1.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other Delek US news, CFO Robert G. Wright sold 2,123 shares of the company’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $28.50, for a total transaction of $60,505.50. Following the sale, the chief financial officer now directly owns 18,925 shares of the company’s stock, valued at $539,362.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 4,976 shares of company stock valued at $141,243. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Delek US

Several institutional investors and hedge funds have recently modified their holdings of DK. Advisor Group Holdings Inc. increased its holdings in shares of Delek US by 44.3% in the first quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 486 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Delek US by 22.1% in the first quarter. American Century Companies Inc. now owns 22,726 shares of the oil and gas company’s stock valued at $482,000 after purchasing an additional 4,120 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Delek US by 3.6% in the first quarter. Citigroup Inc. now owns 76,831 shares of the oil and gas company’s stock valued at $1,630,000 after purchasing an additional 2,683 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Delek US by 55.2% in the first quarter. MetLife Investment Management LLC now owns 36,779 shares of the oil and gas company’s stock valued at $780,000 after purchasing an additional 13,076 shares during the last quarter. Finally, APG Asset Management N.V. acquired a new position in shares of Delek US in the first quarter valued at $217,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Company Profile

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.