Delek US (NYSE:DK) Sets New 52-Week High on Analyst Upgrade

Shares of Delek US Holdings, Inc. (NYSE:DK) reached a new 52-week high during mid-day trading on Monday after TD Cowen raised their price target on the stock from $58.00 to $76.00. TD Cowen currently has a buy rating on the stock. Delek US traded as high as $64.10 and last traded at $63.3170, with a volume of 108576 shares. The stock had previously closed at $63.25.

DK has been the subject of a number of other research reports. Raymond James Financial raised their price target on shares of Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Morgan Stanley upped their price target on shares of Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, June 12th. UBS Group raised their price objective on shares of Delek US from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. JPMorgan Chase & Co. boosted their target price on shares of Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Finally, Zacks Research upgraded shares of Delek US from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Delek US presently has a consensus rating of “Hold” and an average price target of $51.92.

Insider Buying and Selling

In other Delek US news, Director Vicky Sutil sold 3,061 shares of Delek US stock in a transaction on Monday, June 1st. The shares were sold at an average price of $46.00, for a total value of $140,806.00. Following the completion of the transaction, the director owned 31,239 shares of the company’s stock, valued at $1,436,994. The trade was a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Laurie Z. Tolson sold 4,921 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $46.30, for a total transaction of $227,842.30. Following the sale, the director owned 18,226 shares of the company’s stock, valued at approximately $843,863.80. The trade was a 21.26% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 39,270 shares of company stock worth $1,828,718. 3.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Delek US by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock worth $187,773,000 after acquiring an additional 38,577 shares during the last quarter. Williamson Legacy Group LLC acquired a new position in Delek US in the fourth quarter valued at approximately $1,095,000. Y Intercept Hong Kong Ltd grew its holdings in shares of Delek US by 281.5% during the first quarter. Y Intercept Hong Kong Ltd now owns 45,471 shares of the oil and gas company’s stock valued at $2,049,000 after purchasing an additional 33,553 shares during the last quarter. Burney Co. bought a new position in shares of Delek US during the fourth quarter valued at approximately $2,198,000. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Delek US during the 4th quarter worth approximately $1,093,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Price Performance

The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of -73.89, a PEG ratio of 0.35 and a beta of 0.58. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51. The business has a 50-day moving average price of $49.08 and a two-hundred day moving average price of $41.72.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.42) by $1.50. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($2.32) EPS. As a group, research analysts forecast that Delek US Holdings, Inc. will post 6.34 EPS for the current year.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.