Delek US (NYSE:DK) Shares Gap Up After Analyst Upgrade

Delek US Holdings, Inc. (NYSE:DK) gapped up before the market opened on Friday after Wells Fargo & Company upgraded the stock to a strong-buy rating. The stock had previously closed at $33.02, but opened at $33.94. Delek US shares last traded at $33.61, with a volume of 119,886 shares.

Other analysts also recently issued research reports about the stock. The Goldman Sachs Group lifted their target price 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. Wolfe Research upgraded 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. Wall Street Zen upgraded shares of Delek US from a “sell” rating to a “hold” rating in a report on Friday, October 3rd. Morgan Stanley set a $34.00 target price on shares of Delek US and gave the company an “equal weight” rating in a report on Friday, October 3rd. Finally, Scotiabank lifted their target price on shares of Delek US from $20.00 to $33.00 and gave the company a “sector perform” rating in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $32.15.

Insider Activity at Delek US

In other Delek US news, CFO Robert G. Wright sold 7,135 shares of the business’s stock in a transaction 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 transaction, the chief financial officer owned 48,294 shares in the company, valued at $1,412,116.56. The trade was a 12.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Delek US

Several institutional investors have recently modified their holdings of the company. AMG National Trust Bank lifted its position in shares of Delek US by 0.4% during 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 during the last quarter. Orion Porfolio Solutions LLC lifted its position in Delek US by 2.2% in the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock valued at $492,000 after acquiring an additional 507 shares during the last quarter. Police & Firemen s Retirement System of New Jersey lifted its position in Delek US by 5.3% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 13,546 shares of the oil and gas company’s stock valued at $287,000 after acquiring an additional 686 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Delek US by 8.8% in the second quarter. CANADA LIFE ASSURANCE Co now owns 11,782 shares of the oil and gas company’s stock valued at $250,000 after acquiring an additional 955 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in Delek US by 3.0% in the second quarter. International Assets Investment Management LLC now owns 35,186 shares of the oil and gas company’s stock valued at $745,000 after acquiring an additional 1,029 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Trading Up 2.4%

The stock has a market capitalization of $2.03 billion, a PE ratio of -2.75 and a beta of 1.01. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 10.48. The business’s 50-day moving average is $29.48 and its two-hundred day moving average is $22.52.

Delek US (NYSE:DK) last announced 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 7.11% and a negative return on equity of 79.27%. The firm had revenue of $2.96 billion during the quarter. On average, analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, August 11th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, August 11th. Delek US’s dividend payout ratio is presently -8.30%.

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.