Delek US (DK) Receives Buy Rating from Scotiabank

Delek US (NYSE:DK)‘s stock had its “buy” rating reissued by analysts at Scotiabank in a research report issued on Wednesday. They presently have a $43.00 target price on the oil and gas company’s stock. Scotiabank’s target price suggests a potential upside of 18.62% from the company’s previous close.

Several other research analysts also recently issued reports on DK. Zacks Investment Research raised shares of Delek US from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Monday, October 16th. Cowen reissued a “buy” rating and set a $30.00 price objective on shares of Delek US in a research report on Tuesday, October 17th. Citigroup reissued a “hold” rating and set a $27.00 price objective (down from $29.00) on shares of Delek US in a research report on Wednesday, October 18th. Royal Bank of Canada reissued a “buy” rating and set a $35.00 price objective on shares of Delek US in a research report on Wednesday, October 18th. Finally, Macquarie raised shares of Delek US from a “neutral” rating to an “outperform” rating in a research report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $34.08.

Shares of Delek US (NYSE DK) traded down $0.36 during trading on Wednesday, reaching $36.25. 528,200 shares of the company’s stock traded hands, compared to its average volume of 1,065,750. Delek US has a 52 week low of $20.65 and a 52 week high of $37.42. The stock has a market cap of $2,980.00, a P/E ratio of 4.34, a P/E/G ratio of 2.20 and a beta of 2.01.

In related news, insider Assi Ginzburg sold 20,000 shares of the business’s 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 filing with the SEC, which is accessible through this link. Also, insider Anthony L. Miller sold 1,155 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $32.79, for a total transaction of $37,872.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 230,631 shares of company stock worth $7,573,903. Insiders own 1.61% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in Delek US by 35.1% during the third quarter. Dimensional Fund Advisors LP now owns 7,058,494 shares of the oil and gas company’s stock worth $188,672,000 after buying an additional 1,833,630 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Delek US by 33.7% during the second quarter. Vanguard Group Inc. now owns 6,958,487 shares of the oil and gas company’s stock worth $183,982,000 after buying an additional 1,753,373 shares in the last quarter. FMR LLC boosted its holdings in Delek US by 24.9% during the second quarter. FMR LLC now owns 4,248,836 shares of the oil and gas company’s stock worth $112,339,000 after buying an additional 846,855 shares in the last quarter. BlackRock Inc. boosted its holdings in Delek US by 1.3% during the second quarter. BlackRock Inc. now owns 3,912,278 shares of the oil and gas company’s stock worth $103,441,000 after buying an additional 50,532 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Delek US by 8.8% during the third quarter. Victory Capital Management Inc. now owns 2,881,870 shares of the oil and gas company’s stock worth $77,032,000 after buying an additional 232,100 shares in the last quarter. 93.19% of the stock is currently owned by hedge funds and other institutional investors.

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About Delek US

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.

Analyst Recommendations for Delek US (NYSE:DK)

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