Delek US (DK) Upgraded to Buy by Citigroup

Delek US (NYSE:DK) was upgraded by research analysts at Citigroup from a “neutral” rating to a “buy” rating in a report issued on Wednesday, Marketbeat reports. The brokerage currently has a $43.00 target price on the oil and gas company’s stock. Citigroup’s price objective would suggest a potential upside of 27.37% from the stock’s previous close.

Several other research firms also recently commented on DK. Zacks Investment Research raised Delek US from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Wednesday, January 17th. Morgan Stanley raised Delek US from an “equal weight” rating to an “overweight” rating and set a $44.00 target price on the stock in a report on Thursday, January 11th. Scotiabank reissued a “buy” rating and issued a $43.00 target price on shares of Delek US in a report on Wednesday, January 10th. Royal Bank of Canada reissued a “buy” rating and issued a $41.00 target price on shares of Delek US in a report on Tuesday, January 30th. Finally, Howard Weil raised Delek US from a “sector perform” rating to a “focus list” rating and boosted their target price for the stock from $26.00 to $41.00 in a report on Thursday, December 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $36.36.

Delek US (NYSE DK) traded up $1.77 during trading on Wednesday, reaching $33.76. The company’s stock had a trading volume of 1,171,981 shares, compared to its average volume of 1,188,657. The company has a quick ratio of 0.76, a current ratio of 1.09 and a debt-to-equity ratio of 0.60. Delek US has a twelve month low of $20.65 and a twelve month high of $39.43. The company has a market capitalization of $2,690.00, a P/E ratio of 4.04, a price-to-earnings-growth ratio of 1.42 and a beta of 1.69.

In other news, COO Frederec Green sold 25,000 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $38.00, for a total value of $950,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Anthony L. Miller sold 1,155 shares of the business’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $32.79, for a total value of $37,872.45. The disclosure for this sale can be found here. Insiders sold 225,631 shares of company stock valued at $7,683,903 in the last 90 days. Company insiders own 1.61% of the company’s stock.

A number of institutional investors have recently bought and sold shares of DK. Ameriprise Financial Inc. purchased a new stake in Delek US during the second quarter valued at $2,572,000. BlackRock Inc. increased its position 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 valued at $103,441,000 after acquiring an additional 50,532 shares during the last quarter. New York State Common Retirement Fund increased its position in Delek US by 9.3% during the second quarter. New York State Common Retirement Fund now owns 116,361 shares of the oil and gas company’s stock valued at $3,077,000 after acquiring an additional 9,884 shares during the last quarter. Vanguard Group Inc. increased its position 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 valued at $183,982,000 after acquiring an additional 1,753,373 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in Delek US by 4.8% during the second quarter. Parametric Portfolio Associates LLC now owns 221,182 shares of the oil and gas company’s stock valued at $5,848,000 after acquiring an additional 10,177 shares during the last quarter. Institutional investors own 89.13% of the company’s stock.

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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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