Delek US (NYSE:DK)‘s stock had its “buy” rating reaffirmed by research analysts at Barclays in a research report issued on Friday. They currently have a $51.00 price target on the oil and gas company’s stock. Barclays‘s price target suggests a potential upside of 57.75% from the stock’s previous close.
Other analysts have also issued reports about the stock. Goldman Sachs Group lowered shares of Delek US from a “conviction-buy” rating to a “buy” rating in a research note on Tuesday, October 9th. Citigroup cut 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. Morgan Stanley lowered shares of Delek US from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $52.00 to $40.00 in a research note on Wednesday. Tudor Pickering lowered shares of Delek US from a “buy” rating to a “hold” rating in a research note on Friday, November 30th. Finally, ValuEngine upgraded shares of Delek US from a “sell” rating to a “hold” rating in a research note on Monday, November 26th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $52.58.
NYSE DK traded down $0.15 during trading hours on Friday, reaching $32.33. The company had a trading volume of 12,445 shares, compared to its average volume of 1,813,977. Delek US has a 1-year low of $29.51 and a 1-year high of $61.57. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.43 and a quick ratio of 0.97. The stock has a market capitalization of $2.60 billion, a P/E ratio of 25.64, a PEG ratio of 0.59 and a beta of 1.40.
In related news, EVP Avigal Soreq sold 1,500 shares of the company’s stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Retirement Systems of Alabama boosted its holdings in Delek US by 28.1% in the fourth quarter. Retirement Systems of Alabama now owns 124,882 shares of the oil and gas company’s stock valued at $4,060,000 after purchasing an additional 27,400 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in shares of Delek US in the fourth quarter valued at approximately $3,675,000. Vanguard Group Inc boosted its holdings in shares of Delek US by 0.8% in the third quarter. Vanguard Group Inc now owns 7,561,199 shares of the oil and gas company’s stock valued at $320,821,000 after acquiring an additional 60,214 shares during the period. Marshall Wace LLP boosted its holdings in shares of Delek US by 5.4% in the third quarter. Marshall Wace LLP now owns 101,788 shares of the oil and gas company’s stock valued at $4,319,000 after acquiring an additional 5,230 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of Delek US by 0.8% in the third quarter. Vanguard Group Inc. now owns 7,561,199 shares of the oil and gas company’s stock valued at $320,821,000 after acquiring an additional 60,214 shares during the period.
About Delek US
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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