Scotiabank Increases Delek US (NYSE:DK) Price Target to $40.00

Delek US (NYSE:DK) had its price target boosted by Scotiabank from $33.00 to $40.00 in a research report issued on Monday, MarketBeat Ratings reports. The brokerage currently has a “sector perform” rating on the oil and gas company’s stock. Scotiabank’s price target points to a potential downside of 4.15% from the company’s current price.

Other equities research analysts have also recently issued research reports about the stock. Raymond James Financial increased their price target on shares of Delek US from $33.00 to $37.00 and gave the company an “outperform” rating in a report on Friday, October 17th. UBS Group upped their price objective on Delek US from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. lifted their target price on Delek US from $19.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Citigroup restated a “neutral” rating and issued a $30.00 price target (up previously from $15.00) on shares of Delek US in a research note on Wednesday, July 16th. Finally, TD Cowen raised Delek US from a “sell” rating to a “hold” rating and increased their price objective for the company from $15.00 to $28.00 in a research report on Friday, September 19th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $36.62.

Delek US Stock Performance

Delek US stock opened at $41.73 on Monday. Delek US has a twelve month low of $11.02 and a twelve month high of $43.50. The company has a quick ratio of 0.50, a current ratio of 0.86 and a debt-to-equity ratio of 7.12. The company has a market capitalization of $2.51 billion, a P/E ratio of -5.11 and a beta of 0.99. The stock’s 50 day moving average is $34.12 and its 200 day moving average is $25.72.

Delek US (NYSE:DK) last released its earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 EPS for the quarter. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%.The business had revenue of $2.96 billion for the quarter. On average, equities research analysts predict that Delek US will post -5.5 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Robert G. Wright sold 7,135 shares of Delek US stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $29.24, for a total transaction of $208,627.40. Following the transaction, the chief financial officer owned 48,294 shares in the company, valued at $1,412,116.56. This trade represents a 12.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its holdings in Delek US by 20.8% in the 1st quarter. Bank of New York Mellon Corp now owns 295,727 shares of the oil and gas company’s stock worth $4,457,000 after acquiring an additional 50,825 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Delek US by 1,548.4% in the first quarter. Nisa Investment Advisors LLC now owns 13,270 shares of the oil and gas company’s stock worth $200,000 after purchasing an additional 12,465 shares during the period. CWM LLC boosted its position in shares of Delek US by 100.9% in the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 1,164 shares during the period. AMG National Trust Bank purchased a new stake in shares of Delek US in the first quarter worth $1,639,000. Finally, Allianz Asset Management GmbH raised its position in shares of Delek US by 0.8% during the 1st quarter. Allianz Asset Management GmbH now owns 839,275 shares of the oil and gas company’s stock valued at $12,648,000 after purchasing an additional 7,018 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.