Delek US (NYSE:DK) Shares Up 5.7% After Analyst Upgrade

Delek US Holdings, Inc. (NYSE:DK)’s stock price was up 5.7% during mid-day trading on Wednesday after The Goldman Sachs Group raised their price target on the stock from $28.00 to $39.00. The Goldman Sachs Group currently has a neutral rating on the stock. Delek US traded as high as $35.18 and last traded at $35.61. Approximately 1,073,507 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 1,717,259 shares. The stock had previously closed at $33.68.

DK has been the topic of a number of other reports. Scotiabank lifted their price target on Delek US from $20.00 to $33.00 and gave the company a “sector perform” rating in a research note on Thursday, October 9th. Bank of America lifted their price target on Delek US from $14.00 to $24.00 and gave the company an “underperform” rating in a research note on Wednesday, September 3rd. Wall Street Zen upgraded Delek US from a “sell” rating to a “hold” rating in a research note on Friday, October 3rd. UBS Group boosted their target price on Delek US from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 2nd. Finally, Citigroup reiterated a “neutral” rating and set a $30.00 target price (up from $15.00) on shares of Delek US in a research report on Wednesday, July 16th. One equities 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Delek US currently has a consensus rating of “Hold” and an average target price of $33.00.

Insider Buying and Selling at Delek US

In other news, CFO Robert G. Wright sold 7,135 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was 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 directly owned 48,294 shares of the company’s stock, 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 through the SEC website. 1.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Delek US

Several institutional investors have recently added to or reduced their stakes in the business. AMG National Trust Bank increased its stake in Delek US by 0.4% in the second quarter. AMG National Trust Bank now owns 109,223 shares of the oil and gas company’s stock valued at $2,313,000 after purchasing an additional 472 shares during the last quarter. Orion Porfolio Solutions LLC increased its stake 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 purchasing an additional 507 shares during the last quarter. Police & Firemen s Retirement System of New Jersey increased its stake 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 purchasing an additional 686 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake 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 purchasing an additional 955 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake 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 purchasing an additional 1,029 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Price Performance

The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -2.89 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 company has a 50 day moving average of $30.29 and a 200 day moving average of $22.91.

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

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were paid a dividend of $0.255 per share. The ex-dividend date was Monday, August 11th. This represents a $1.02 annualized dividend and a yield of 2.9%. Delek US’s dividend payout ratio is currently -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.