Delek US Holdings, Inc. (NYSE:DK) was upgraded by analysts at Wolfe Research from a “market perform” rating to an “outperform” rating in a research note issued to investors on Tuesday, The Fly reports.

A number of other equities research analysts have also commented on the company. Citigroup Inc. reaffirmed a “buy” rating and set a $29.00 price target (down previously from $32.00) on shares of Delek US Holdings in a research report on Saturday, April 22nd. ValuEngine upgraded Delek US Holdings from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) upgraded Delek US Holdings from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $26.00 to $30.00 in a report on Tuesday, May 16th. Barclays PLC reiterated an “equal weight” rating and set a $28.00 price objective on shares of Delek US Holdings in a report on Wednesday, July 5th. Finally, Scotiabank reiterated a “hold” rating and set a $26.00 price objective on shares of Delek US Holdings in a report on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. Delek US Holdings presently has an average rating of “Hold” and an average price target of $23.14.

Delek US Holdings (DK) traded up 3.59% during trading on Tuesday, reaching $27.71. The company’s stock had a trading volume of 1,185,018 shares. Delek US Holdings has a 52 week low of $11.66 and a 52 week high of $27.82. The stock’s 50 day moving average is $26.12 and its 200-day moving average is $24.43. The firm’s market cap is $1.72 billion.

Delek US Holdings (NYSE:DK) last released its quarterly earnings results on Monday, May 8th. The oil and gas company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.49. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $897.24 million. Delek US Holdings had a negative return on equity of 2.83% and a negative net margin of 2.37%. Delek US Holdings’s revenue was up 33.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.86) earnings per share. On average, equities research analysts forecast that Delek US Holdings will post $0.07 earnings per share for the current fiscal year.

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In other Delek US Holdings news, insider Jared Serff sold 1,136 shares of the firm’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $26.80, for a total value of $30,444.80. Following the completion of the transaction, the insider now directly owns 13,683 shares in the company, valued at $366,704.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles H. Leonard sold 1,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $25.48, for a total value of $43,316.00. Following the completion of the transaction, the director now owns 20,787 shares of the company’s stock, valued at $529,652.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 238,345 shares of company stock valued at $6,072,096. Corporate insiders own 1.42% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in Delek US Holdings by 14.5% in the first quarter. Vanguard Group Inc. now owns 5,205,114 shares of the oil and gas company’s stock worth $126,327,000 after buying an additional 657,261 shares in the last quarter. BlackRock Inc. increased its position in Delek US Holdings by 19,567.7% in the first quarter. BlackRock Inc. now owns 3,861,746 shares of the oil and gas company’s stock worth $93,726,000 after buying an additional 3,842,111 shares in the last quarter. FMR LLC increased its position in Delek US Holdings by 169.5% in the first quarter. FMR LLC now owns 3,401,981 shares of the oil and gas company’s stock worth $82,566,000 after buying an additional 2,139,800 shares in the last quarter. Victory Capital Management Inc. increased its position in Delek US Holdings by 2.5% in the first quarter. Victory Capital Management Inc. now owns 2,641,184 shares of the oil and gas company’s stock worth $64,102,000 after buying an additional 64,505 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its position in Delek US Holdings by 8.0% in the first quarter. Point72 Asset Management L.P. now owns 2,279,900 shares of the oil and gas company’s stock worth $55,333,000 after buying an additional 168,300 shares in the last quarter. Hedge funds and other institutional investors own 96.84% of the company’s stock.

About Delek US Holdings

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 Holdings (NYSE:DK)

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