Delek US (NYSE:DK) Stock Rating Upgraded by The Goldman Sachs Group

Delek US (NYSE:DK) was upgraded by stock analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report released on Friday, MarketBeat reports. The firm presently has a $55.00 price target on the oil and gas company’s stock. The Goldman Sachs Group’s price target indicates a potential upside of 31.41% from the company’s current price.

DK has been the subject of a number of other research reports. Morgan Stanley decreased their target price on Delek US from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Tuesday, January 27th. Mizuho lifted their price target on Delek US from $51.00 to $54.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Raymond James Financial lifted their price target on Delek US from $47.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, March 25th. JPMorgan Chase & Co. cut their price objective on Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 15th. Finally, TD Cowen boosted their price objective on Delek US from $28.00 to $44.00 and gave the company a “hold” rating in a research report on Thursday, March 5th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $43.15.

Delek US Price Performance

Shares of NYSE DK opened at $41.85 on Friday. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.53 and a current ratio of 0.82. The company has a market cap of $2.50 billion, a PE ratio of -119.58, a P/E/G ratio of 1.29 and a beta of 0.68. The business has a 50-day simple moving average of $39.68 and a two-hundred day simple moving average of $35.93. Delek US has a fifty-two week low of $11.58 and a fifty-two week high of $48.32.

Delek US (NYSE:DK) last issued its quarterly earnings results on Friday, February 27th. The oil and gas company reported $0.44 earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.63. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.55 billion. Delek US had a negative return on equity of 13.55% and a negative net margin of 0.21%.The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned ($2.54) earnings per share. As a group, equities analysts expect that Delek US will post -5.5 EPS for the current fiscal year.

Insider Activity

In related news, Director William J. Finnerty sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $45.50, for a total transaction of $227,500.00. Following the completion of the sale, the director directly owned 41,369 shares in the company, valued at approximately $1,882,289.50. The trade was a 10.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Shlomo Zohar sold 7,343 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $46.00, for a total value of $337,778.00. Following the sale, the director owned 6,646 shares of the company’s stock, valued at $305,716. The trade was a 52.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 172,095 shares of company stock valued at $7,257,409 in the last three months. Company insiders own 3.56% of the company’s stock.

Institutional Trading of Delek US

Several large investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its position in shares of Delek US by 1,327.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,955 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 1,818 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Delek US by 350.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,037 shares of the oil and gas company’s stock worth $60,000 after purchasing an additional 1,585 shares in the last quarter. Invesco Ltd. increased its position in shares of Delek US by 28.5% during the fourth quarter. Invesco Ltd. now owns 252,108 shares of the oil and gas company’s stock worth $7,478,000 after purchasing an additional 55,941 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Delek US by 631.7% during the fourth quarter. Mackenzie Financial Corp now owns 54,234 shares of the oil and gas company’s stock worth $1,619,000 after buying an additional 46,822 shares during the last quarter. Finally, XTX Topco Ltd boosted its stake in Delek US by 357.6% during the fourth quarter. XTX Topco Ltd now owns 138,495 shares of the oil and gas company’s stock worth $4,108,000 after buying an additional 108,231 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.