Delek US (NYSE:DK) Coverage Initiated at Wells Fargo & Company

Research analysts at Wells Fargo & Company assumed coverage on shares of Delek US (NYSE:DK) in a research note issued on Friday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $43.00 price target on the oil and gas company’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 27.14% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Delek US from $19.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday. Citigroup restated a “neutral” rating and issued a $30.00 price target (up from $15.00) on shares of Delek US in a report on Wednesday, July 16th. Wolfe Research upgraded shares of Delek US from a “peer perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Wednesday, September 3rd. Raymond James Financial raised their price target on shares of Delek US from $26.00 to $33.00 and gave the company an “outperform” rating in a report on Tuesday, September 9th. Finally, The Goldman Sachs Group raised their price target on shares of Delek US from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Delek US has an average rating of “Hold” and an average target price of $32.15.

Delek US Stock Up 2.4%

Shares of Delek US stock opened at $33.82 on Friday. The company has a debt-to-equity ratio of 10.48, a current ratio of 0.80 and a quick ratio of 0.50. Delek US has a 1 year low of $11.02 and a 1 year high of $35.96. The firm’s 50-day moving average is $29.48 and its two-hundred day moving average is $22.52. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of -2.75 and a beta of 1.01.

Delek US (NYSE:DK) last issued its earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. Delek US had a negative net margin of 7.11% and a negative return on equity of 79.27%. The company had revenue of $2.96 billion for the quarter. As a group, research analysts expect that Delek US will post -5.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Robert G. Wright sold 7,135 shares of Delek US stock in a transaction that occurred on Tuesday, September 2nd. The shares were 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 directly owned 48,294 shares in the company, valued at $1,412,116.56. This trade represents a 12.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is owned by company insiders.

Institutional Trading of Delek US

A number of institutional investors have recently bought and sold shares of the stock. AMG National Trust Bank boosted its stake in Delek US by 0.4% in the 2nd quarter. AMG National Trust Bank now owns 109,223 shares of the oil and gas company’s stock worth $2,313,000 after purchasing an additional 472 shares in the last quarter. Orion Porfolio Solutions LLC boosted its stake in Delek US by 2.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after purchasing an additional 507 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its stake in Delek US by 5.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 13,546 shares of the oil and gas company’s stock worth $287,000 after purchasing an additional 686 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Delek US by 8.8% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 11,782 shares of the oil and gas company’s stock worth $250,000 after purchasing an additional 955 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in Delek US by 3.0% during the 2nd quarter. International Assets Investment Management LLC now owns 35,186 shares of the oil and gas company’s stock worth $745,000 after buying an additional 1,029 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.