Barclays reissued their buy rating on shares of Delek US (NYSE:DK) in a research report sent to investors on Friday morning. The firm currently has a $51.00 price target on the oil and gas company’s stock.
DK has been the topic of a number of other reports. JPMorgan Chase & Co. downgraded shares of Delek US from an overweight rating to a neutral rating and dropped their price target for the stock from $53.00 to $48.00 in a research note on Monday, December 10th. ValuEngine downgraded shares of Delek US from a sell rating to a strong sell rating in a research note on Friday, December 21st. Royal Bank of Canada downgraded shares of Delek US from an outperform rating to a sector perform rating in a research note on Monday, January 7th. Citigroup dropped their price target on shares of Delek US from $59.00 to $50.00 and set a buy rating on the stock in a research note on Tuesday, October 16th. Finally, Raymond James dropped their price target on shares of Delek US from $70.00 to $60.00 and set a strong-buy rating on the stock in a research note on Monday, September 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of $52.58.
Shares of DK traded down $0.41 during mid-day trading on Friday, reaching $32.07. The company’s stock had a trading volume of 1,750,113 shares, compared to its average volume of 1,866,802. The firm has a market capitalization of $2.60 billion, a P/E ratio of 25.45, a PEG ratio of 0.59 and a beta of 1.40. Delek US has a 1 year low of $29.51 and a 1 year high of $61.57. The company has a quick ratio of 0.97, a current ratio of 1.43 and a debt-to-equity ratio of 0.96.
Delek US (NYSE:DK) last released its earnings results on Tuesday, November 6th. The oil and gas company reported $2.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.08 by ($0.06). The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Delek US had a net margin of 4.40% and a return on equity of 17.94%. On average, analysts expect that Delek US will post 4.33 earnings per share for the current fiscal year.
In other Delek US news, EVP Avigal Soreq sold 1,500 shares of the stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $40.21, for a total transaction of $60,315.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.40% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. FMR LLC grew its position in shares of Delek US by 47.3% in the second quarter. FMR LLC now owns 9,933,478 shares of the oil and gas company’s stock valued at $498,363,000 after purchasing an additional 3,190,607 shares during the last quarter. BlackRock Inc. grew its position in shares of Delek US by 13.6% in the second quarter. BlackRock Inc. now owns 5,808,118 shares of the oil and gas company’s stock valued at $291,393,000 after purchasing an additional 697,134 shares during the last quarter. Monarch Partners Asset Management LLC acquired a new stake in shares of Delek US in the third quarter valued at about $16,777,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Delek US in the third quarter valued at about $14,850,000. Finally, Artemis Investment Management LLP grew its position in shares of Delek US by 41.0% in the third quarter. Artemis Investment Management LLP now owns 824,528 shares of the oil and gas company’s stock valued at $34,981,000 after purchasing an additional 239,690 shares during the last quarter.
Delek US Company Profile
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminals.
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