Delek US (DK) Upgraded at Howard Weil

Howard Weil upgraded shares of Delek US (NYSE:DK) from a sector perform rating to a focus list rating in a report published on Thursday morning, The Fly reports. The firm currently has $41.00 target price on the oil and gas company’s stock, up from their prior target price of $26.00.

A number of other research analysts have also recently commented on the stock. Raymond James Financial upgraded shares of Delek US from an outperform rating to a strong-buy rating and upped their price target for the stock from $32.00 to $35.00 in a report on Monday, November 13th. Zacks Investment Research cut shares of Delek US from a buy rating to a hold rating in a report on Friday, October 27th. Tudor Pickering upgraded shares of Delek US from a hold rating to a buy rating in a report on Friday, November 17th. Wells Fargo & Co restated a positive rating on shares of Delek US in a report on Thursday, November 23rd. Finally, Royal Bank of Canada restated a buy rating and issued a $32.00 price target on shares of Delek US in a report on Friday, September 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average price target of $32.77.

Delek US (DK) traded down $0.55 during midday trading on Thursday, hitting $34.02. 677,806 shares of the stock were exchanged, compared to its average volume of 1,560,000. The company has a current ratio of 1.49, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $2,820.00, a PE ratio of 4.07, a PEG ratio of 4.04 and a beta of 2.02. Delek US has a 12-month low of $20.65 and a 12-month high of $34.83.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Wednesday, November 22nd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend was Tuesday, November 21st. Delek US’s dividend payout ratio (DPR) is presently 7.19%.

In other Delek US news, insider Assi Ginzburg sold 20,000 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $28.00, for a total transaction of $560,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Wiessman sold 84,121 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $33.07, for a total transaction of $2,781,881.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 205,631 shares of company stock valued at $6,673,903. 1.61% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Quantbot Technologies LP purchased a new stake in shares of Delek US during the third quarter valued at about $114,000. Hanseatic Management Services Inc. lifted its position in shares of Delek US by 18,606.3% during the third quarter. Hanseatic Management Services Inc. now owns 5,986 shares of the oil and gas company’s stock valued at $160,000 after buying an additional 5,954 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Delek US by 51.3% during the third quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock valued at $188,000 after buying an additional 2,412 shares during the last quarter. Amalgamated Bank purchased a new stake in shares of Delek US during the second quarter valued at about $207,000. Finally, ETRADE Capital Management LLC purchased a new stake in shares of Delek US during the third quarter valued at about $215,000. 93.19% of the stock is owned by institutional investors and hedge funds.

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Delek US Company Profile

Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.

The Fly

Analyst Recommendations for Delek US (NYSE:DK)

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