Delek US (DK) Upgraded to Focus List at Howard Weil

Delek US (NYSE:DK) was upgraded by equities research analysts at Howard Weil from a “sector perform” rating to a “focus list” rating in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage currently has a $41.00 target price on the oil and gas company’s stock, up from their previous target price of $26.00. Howard Weil’s price target suggests a potential upside of 23.12% from the company’s current price.

Several other research firms also recently commented on DK. TheStreet raised shares of Delek US from a “c+” rating to a “b-” rating in a research report on Monday. Zacks Investment Research raised shares of Delek US from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a research report on Thursday, December 14th. Royal Bank of Canada reissued a “buy” rating and set a $35.00 target price on shares of Delek US in a research report on Wednesday, October 18th. Cowen reissued a “buy” rating and set a $30.00 target price on shares of Delek US in a research report on Tuesday, October 17th. Finally, Bank of America downgraded shares of Delek US from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a research report on Friday, December 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $32.38.

Shares of Delek US (NYSE DK) traded up $1.21 during trading hours on Thursday, hitting $33.30. The company had a trading volume of 1,418,800 shares, compared to its average volume of 1,071,736. The company has a current ratio of 1.49, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. Delek US has a twelve month low of $20.65 and a twelve month high of $33.74. The stock has a market capitalization of $2,613.80, a price-to-earnings ratio of 246.85, a price-to-earnings-growth ratio of 3.74 and a beta of 2.02.

In other Delek US news, insider Anthony L. Miller sold 1,155 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $32.79, for a total transaction of $37,872.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Donald Norman Holmes sold 4,476 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $32.74, for a total transaction of $146,544.24. The disclosure for this sale can be found here. In the last quarter, insiders sold 195,631 shares of company stock valued at $6,333,903. 1.61% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in shares of Delek US in the second quarter valued at approximately $245,000. Bank of New York Mellon Corp raised its stake in shares of Delek US by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 667,890 shares of the oil and gas company’s stock valued at $17,660,000 after acquiring an additional 29,361 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Delek US by 65.5% in the second quarter. BNP Paribas Arbitrage SA now owns 15,068 shares of the oil and gas company’s stock valued at $398,000 after acquiring an additional 5,966 shares during the last quarter. KBC Group NV bought a new position in shares of Delek US in the second quarter valued at approximately $2,719,000. Finally, Victory Capital Management Inc. raised its stake in shares of Delek US by 0.3% in the second quarter. Victory Capital Management Inc. now owns 2,649,770 shares of the oil and gas company’s stock valued at $70,060,000 after acquiring an additional 8,586 shares during the last quarter. Hedge funds and other institutional investors own 93.19% of the company’s stock.

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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.