Delek US (NYSE:DK - Get Free Report) had its target price hoisted by research analysts at The Goldman Sachs Group from $73.00 to $83.00 in a research report issued to clients and investors on Tuesday, Marketbeat reports. The brokerage presently has a "buy" rating on the oil and gas company's stock. The Goldman Sachs Group's price target would indicate a potential upside of 23.62% from the company's previous close.
Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. increased their target price on shares of Delek US from $57.00 to $62.00 and gave the stock a "neutral" rating in a report on Tuesday, July 14th. Wall Street Zen upgraded shares of Delek US from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 9th. Morgan Stanley increased their price objective on shares of Delek US from $41.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Friday, June 12th. Zacks Research upgraded shares of Delek US from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 26th. Finally, Mizuho upped their target price on shares of Delek US from $60.00 to $66.00 and gave the stock an "outperform" rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $53.15.
Read Our Latest Report on Delek US
Delek US Stock Performance
NYSE:DK opened at $67.14 on Tuesday. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76. The stock has a 50-day simple moving average of $56.41 and a two-hundred day simple moving average of $46.46. The firm has a market capitalization of $4.11 billion, a PE ratio of 18.86, a P/E/G ratio of 1.42 and a beta of 0.57. Delek US has a 52-week low of $21.09 and a 52-week high of $68.93.
Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, topping the consensus estimate of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter last year, the company earned ($0.56) earnings per share. The business's revenue for the quarter was up 47.9% compared to the same quarter last year. Analysts forecast that Delek US will post 10.1 EPS for the current year.
Insider Activity at Delek US
In other Delek US news, Director William J. Finnerty sold 5,000 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $51.50, for a total transaction of $257,500.00. Following the completion of the sale, the director directly owned 34,805 shares of the company's stock, valued at $1,792,457.50. This trade represents a 12.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $140,806.00. Following the completion of the sale, the director owned 31,239 shares in the company, valued at approximately $1,436,994. This represents a 8.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,629 shares of company stock valued at $652,685 over the last 90 days. 3.56% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Delek US
Several institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its holdings 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 worth $26,000 after acquiring an additional 432 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Delek US in the third quarter worth $27,000. EverSource Wealth Advisors LLC raised its stake 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 in the last quarter. Allworth Financial LP purchased a new stake in Delek US during the second quarter valued at $30,000. Finally, Torren Management LLC bought a new position in Delek US during the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 97.01% of the company's stock.
About Delek US
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Delek US, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Delek US wasn't on the list.
While Delek US currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
