The Goldman Sachs Group Boosts Delek US (NYSE:DK) Price Target to $73.00

Delek US (NYSE:DK) had its target price boosted by investment analysts at The Goldman Sachs Group from $58.00 to $73.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the oil and gas company’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 15.67% from the stock’s previous close.

Several other research firms have also issued reports on DK. Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a report on Monday, May 18th. Citigroup boosted their target price on shares of Delek US from $33.00 to $44.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. TD Cowen raised Delek US from a “hold” rating to a “buy” rating and upped their price target for the company from $50.00 to $58.00 in a research report on Monday, June 29th. UBS Group raised their price objective on shares of Delek US from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. Finally, Scotiabank raised Delek US to a “hold” rating in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given 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 an average price target of $50.54.

Delek US Stock Up 2.5%

DK opened at $63.11 on Friday. Delek US has a fifty-two week low of $19.81 and a fifty-two week high of $64.09. The firm has a market capitalization of $3.87 billion, a P/E ratio of -69.35, a PEG ratio of 0.34 and a beta of 0.58. The company’s 50-day moving average is $48.30 and its 200 day moving average is $41.14. The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49.

Delek US (NYSE:DK) last issued its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.42) by $1.50. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the prior year, the firm posted ($2.32) EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. Research analysts expect that Delek US will post 6.34 earnings per share for the current fiscal year.

Insider Activity

In other Delek US news, Director Laurie Z. Tolson sold 4,921 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $46.30, for a total value of $227,842.30. Following the transaction, the director directly owned 18,226 shares in the company, valued at $843,863.80. This represents a 21.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vicky Sutil sold 3,061 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $46.00, for a total value of $140,806.00. Following the completion of the sale, the director directly owned 31,239 shares in the company, valued at approximately $1,436,994. The trade was a 8.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 39,270 shares of company stock worth $1,828,718. Company insiders own 3.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DK. Royal Bank of Canada lifted its stake in Delek US by 18.4% during the first quarter. Royal Bank of Canada now owns 278,774 shares of the oil and gas company’s stock worth $4,201,000 after purchasing an additional 43,379 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of Delek US during the 1st quarter valued at about $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Delek US by 3.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock valued at $560,000 after purchasing an additional 1,102 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Delek US by 3,979.8% during the 1st quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company’s stock valued at $307,000 after buying an additional 19,899 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Delek US by 7.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,871 shares of the oil and gas company’s stock valued at $2,213,000 after buying an additional 9,827 shares in the last quarter. 97.01% of the stock is currently owned by 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.