Delek US (NYSE:DK) Given New $32.00 Price Target at UBS Group

Delek US (NYSE:DK - Get Free Report) had its price target hoisted by UBS Group from $30.00 to $32.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a "neutral" rating on the oil and gas company's stock. UBS Group's price target points to a potential downside of 2.45% from the company's previous close.

Several other equities research analysts also recently weighed in on DK. Wells Fargo & Company increased their price target on Delek US from $21.00 to $26.00 and gave the stock an "underweight" rating in a report on Wednesday, March 20th. Bank of America increased their price target on Delek US from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Friday, March 15th. Citigroup initiated coverage on Delek US in a report on Wednesday, January 24th. They issued a "neutral" rating on the stock. StockNews.com downgraded Delek US from a "buy" rating to a "hold" rating in a report on Thursday, February 29th. Finally, Mizuho raised their price objective on Delek US from $26.00 to $30.00 and gave the stock an "underperform" rating in a report on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Delek US presently has an average rating of "Hold" and a consensus price target of $28.75.

Delek US Trading Up 2.0 %

Shares of NYSE:DK traded up $0.63 during trading on Thursday, hitting $32.81. The company had a trading volume of 1,401,135 shares, compared to its average volume of 1,054,908. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 149.09 and a beta of 1.32. Delek US has a one year low of $19.39 and a one year high of $33.18. The company has a fifty day simple moving average of $28.03 and a two-hundred day simple moving average of $27.05. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.99 and a quick ratio of 0.63.

Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The oil and gas company reported ($1.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.28) by ($0.18). The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.55 billion. Delek US had a net margin of 0.12% and a return on equity of 18.27%. Delek US's revenue for the quarter was down 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 earnings per share. As a group, equities analysts forecast that Delek US will post 1.43 earnings per share for the current year.

Insiders Place Their Bets

In other Delek US news, CFO Robert G. Wright sold 2,123 shares of Delek US stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $28.50, for a total transaction of $60,505.50. Following the completion of the sale, the chief financial officer now owns 18,925 shares of the company's stock, valued at approximately $539,362.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders sold 4,976 shares of company stock valued at $135,738. 1.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Delek US

A number of institutional investors have recently modified their holdings of the stock. American International Group Inc. raised its stake in shares of Delek US by 1.2% during the 2nd quarter. American International Group Inc. now owns 32,994 shares of the oil and gas company's stock valued at $853,000 after buying an additional 393 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in shares of Delek US by 1.3% in the 4th quarter. SummerHaven Investment Management LLC now owns 31,891 shares of the oil and gas company's stock valued at $823,000 after purchasing an additional 404 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in shares of Delek US by 44.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company's stock valued at $33,000 after purchasing an additional 486 shares in the last quarter. US Bancorp DE increased its stake in shares of Delek US by 35.0% in the 2nd quarter. US Bancorp DE now owns 2,452 shares of the oil and gas company's stock valued at $59,000 after purchasing an additional 636 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of Delek US by 0.7% in the 4th quarter. Sei Investments Co. now owns 97,144 shares of the oil and gas company's stock valued at $2,623,000 after purchasing an additional 648 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

About Delek US

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.