Delek US Holdings, Inc. (NYSE:DK)‘s stock had its “buy” rating reaffirmed by analysts at Royal Bank Of Canada in a research note issued to investors on Friday. They presently have a $32.00 price target on the oil and gas company’s stock. Royal Bank Of Canada’s price target points to a potential upside of 24.71% from the company’s previous close.

Several other research firms have also commented on DK. J P Morgan Chase & Co restated a “neutral” rating and issued a $28.00 price objective on shares of Delek US Holdings in a research note on Tuesday, July 11th. Zacks Investment Research lowered Delek US Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Wolfe Research upgraded Delek US Holdings from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 25th. BidaskClub upgraded Delek US Holdings from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 20th. Finally, Barclays PLC restated an “equal weight” rating and issued a $28.00 price objective on shares of Delek US Holdings in a research note on Wednesday, July 5th. Thirteen analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Delek US Holdings currently has a consensus rating of “Hold” and a consensus target price of $26.38.

Delek US Holdings (DK) opened at 25.66 on Friday. The stock has a 50 day moving average price of $24.20 and a 200-day moving average price of $24.65. The company’s market capitalization is $1.59 billion. Delek US Holdings has a 12-month low of $14.76 and a 12-month high of $27.85.

Delek US Holdings (NYSE:DK) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.03) by $0.37. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $944.29 million. Delek US Holdings had a negative return on equity of 4.60% and a negative net margin of 3.15%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.08) earnings per share. Equities analysts predict that Delek US Holdings will post ($0.06) EPS for the current fiscal year.

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In other Delek US Holdings news, insider Jared Serff sold 1,136 shares of the stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $26.80, for a total transaction of $30,444.80. Following the completion of the transaction, the insider now owns 13,683 shares of the company’s stock, valued at approximately $366,704.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles H. Leonard sold 2,500 shares of the stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $22.10, for a total transaction of $55,250.00. Following the transaction, the director now directly owns 23,035 shares of the company’s stock, valued at approximately $509,073.50. The disclosure for this sale can be found here. Insiders sold a total of 5,149 shares of company stock valued at $126,989 in the last ninety days. 1.61% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DK. Bank of Montreal Can boosted its holdings in shares of Delek US Holdings by 42.2% during the 1st quarter. Bank of Montreal Can now owns 31,228 shares of the oil and gas company’s stock valued at $758,000 after purchasing an additional 9,266 shares during the last quarter. Nationwide Fund Advisors boosted its holdings in shares of Delek US Holdings by 23.2% during the 1st quarter. Nationwide Fund Advisors now owns 185,565 shares of the oil and gas company’s stock valued at $4,504,000 after purchasing an additional 34,943 shares during the last quarter. Strs Ohio bought a new position in shares of Delek US Holdings during the 1st quarter valued at about $737,000. Canada Pension Plan Investment Board boosted its holdings in shares of Delek US Holdings by 219.3% during the 1st quarter. Canada Pension Plan Investment Board now owns 160,300 shares of the oil and gas company’s stock valued at $3,890,000 after purchasing an additional 110,100 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Delek US Holdings by 10.4% during the 1st quarter. US Bancorp DE now owns 26,749 shares of the oil and gas company’s stock valued at $649,000 after purchasing an additional 2,510 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Holdings 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.

Analyst Recommendations for Delek US Holdings (NYSE:DK)

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