Delek US (NYSE:DK) Rating Increased to Strong-Buy at Wells Fargo & Company

Key Points

• Wells Fargo & Company has upgraded Delek US to a "strong-buy" rating, indicating a positive outlook for the company's stock.
• Bank of America has increased its price target for Delek US from $14.00 to $24.00, while UBS Group has raised its target from $24.00 to $29.00.
• Currently, Delek US has an average stock rating of "Hold" with a consensus target price of $32.15, amidst mixed evaluations from various research analysts.

Delek US (NYSE:DK - Get Free Report) was upgraded by stock analysts at Wells Fargo & Company to a "strong-buy" rating in a research note issued on Thursday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Bank of America boosted their price target on Delek US from $14.00 to $24.00 and gave the stock an "underperform" rating in a research note on Wednesday, September 3rd. Weiss Ratings reissued a "sell (d-)" rating on shares of Delek US in a research note on Wednesday, October 8th. Citigroup reissued a "neutral" rating and set a $30.00 price target (up previously from $15.00) on shares of Delek US in a research note on Wednesday, July 16th. Morgan Stanley set a $34.00 price target on Delek US and gave the stock an "equal weight" rating in a research note on Friday, October 3rd. Finally, UBS Group boosted their price target on Delek US from $24.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $32.15.

Delek US Price Performance

Shares of DK opened at $33.82 on Thursday. Delek US has a twelve month low of $11.02 and a twelve month high of $35.96. The stock's 50 day moving average is $29.48 and its two-hundred day moving average is $22.47. The firm has a market capitalization of $2.03 billion, a PE ratio of -2.75 and a beta of 1.01. The company has a current ratio of 0.80, a quick ratio of 0.50 and a debt-to-equity ratio of 10.48.

Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings data on Tuesday, December 6th. The oil and gas company reported $0.05 earnings per share for the quarter. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%.The company had revenue of $2.96 billion for the quarter. Research analysts anticipate that Delek US will post -5.5 earnings per share for the current year.

Insider Buying and Selling at Delek US

In other Delek US news, CFO Robert G. Wright sold 7,135 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $29.24, for a total transaction of $208,627.40. Following the transaction, the chief financial officer owned 48,294 shares of the company's stock, valued at $1,412,116.56. This represents a 12.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DK. CWM LLC lifted its stake in shares of Delek US by 100.9% during the 1st quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 1,164 shares during the period. AlphaQuest LLC lifted its stake in shares of Delek US by 7,331.8% during the 2nd quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 1,613 shares during the period. Creative Financial Designs Inc. ADV acquired a new stake in shares of Delek US during the 1st quarter worth $47,000. GAMMA Investing LLC raised its position in shares of Delek US by 907.0% in the 1st quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company's stock worth $63,000 after buying an additional 3,746 shares during the period. Finally, State of Wyoming purchased a new position in shares of Delek US in the 1st quarter worth $95,000. Hedge funds and other institutional investors own 97.01% of the company's stock.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock 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 terminal.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.