Delek US (NYSE:DK) Price Target Raised to $90.00

Delek US (NYSE:DK) had its target price boosted by analysts at TD Cowen from $76.00 to $90.00 in a note issued to investors on Monday, Briefing.com reports. The brokerage currently has a “buy” rating on the oil and gas company’s stock. TD Cowen’s target price points to a potential upside of 18.09% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on the stock. Raymond James Financial increased their price objective 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. Wells Fargo & Company increased their price target on Delek US from $59.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday, September 1st. JPMorgan Chase & Co. boosted their price objective on Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. Finally, The Goldman Sachs Group upped their price objective on shares of Delek US from $73.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $60.36.

Delek US Price Performance

Delek US stock opened at $76.22 on Monday. The stock’s 50 day moving average is $65.73 and its 200 day moving average is $51.60. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47. The firm has a market cap of $4.67 billion, a P/E ratio of 21.41, a P/E/G ratio of 0.50 and a beta of 0.59. Delek US has a one year low of $25.85 and a one year high of $78.43.

Delek US (NYSE:DK) last released its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $2.81. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The company’s revenue was up 47.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.56) EPS. As a group, research analysts expect that Delek US will post 11.93 EPS for the current year.

Insider Buying and Selling at Delek US

In other news, Director William Finnerty sold 1,457 shares of Delek US stock in a transaction on Friday, August 21st. The stock was sold at an average price of $64.70, for a total value of $94,267.90. Following the completion of the transaction, the director directly owned 33,348 shares in the company, valued at approximately $2,157,615.60. The trade was a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gary Sullivan, Jr. sold 27,688 shares of the stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $69.01, for a total value of $1,910,748.88. Following the sale, the director directly owned 32,004 shares in the company, valued at $2,208,596.04. This trade represents a 46.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 160,042 shares of company stock worth $10,705,777. Company insiders own 3.56% of the company’s stock.

Institutional Trading of Delek US

Hedge funds and other institutional investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd grew its position in shares of Delek US by 95.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 432 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Delek US in the third quarter worth approximately $27,000. EverSource Wealth Advisors LLC lifted its position in Delek US by 173.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 614 shares during the last quarter. Allworth Financial LP purchased a new position in Delek US in the 2nd quarter worth approximately $30,000. Finally, Focus Partners Wealth bought a new position in shares of Delek US in the 3rd quarter worth $44,000. Institutional investors own 97.01% of the company’s stock.

Delek US Company Profile

Delek US Holdings, Inc (NYSE: DK) is a downstream energy company engaged primarily in petroleum refining, wholesale fuel marketing and logistics. The company produces transportation fuels and other refined petroleum products, including gasoline, diesel, jet fuel and asphalt.

Delek US operates refineries in the southern United States, including facilities in Texas, Arkansas and Louisiana. Its refining operations are supported by crude oil gathering, transportation, storage and other logistics activities conducted through Delek Logistics Partners, a publicly traded master limited partnership that is managed and partially owned by Delek US.

Founded in 2001 and headquartered in Brentwood, Tennessee, Delek US serves regional markets across the central and southeastern United States.