Delek US (NYSE:DK – Get Rating) had its target price lowered by analysts at Wells Fargo & Company from $24.00 to $22.00 in a report released on Thursday, Benzinga reports. The firm presently has an “underweight” rating on the oil and gas company’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 6.06% from the stock’s current price.
Several other equities research analysts have also commented on the stock. The Goldman Sachs Group lowered shares of Delek US from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $33.00 to $24.00 in a research note on Wednesday, March 29th. JPMorgan Chase & Co. decreased their target price on shares of Delek US from $27.00 to $26.00 and set an “underweight” rating for the company in a report on Tuesday, March 28th. StockNews.com began coverage on shares of Delek US in a report on Thursday, March 16th. They issued a “hold” rating for the company. Morgan Stanley lifted their target price on shares of Delek US from $27.00 to $29.00 and gave the stock an “underweight” rating in a report on Friday, January 20th. Finally, Mizuho decreased their price objective on shares of Delek US from $30.00 to $25.00 in a report on Friday, March 10th. Four analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $30.42.
Delek US Price Performance
DK stock opened at $23.42 on Thursday. The firm’s 50-day moving average price is $24.62 and its two-hundred day moving average price is $27.12. Delek US has a 12-month low of $20.63 and a 12-month high of $35.45. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 6.67, a PEG ratio of 0.86 and a beta of 1.46. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 2.79.
Insiders Place Their Bets
In other news, CEO Avigal Soreq purchased 6,775 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was acquired at an average cost of $22.63 per share, for a total transaction of $153,318.25. Following the completion of the transaction, the chief executive officer now directly owns 94,400 shares in the company, valued at approximately $2,136,272. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CFO Reuven Spiegel bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th. The stock was purchased at an average price of $22.60 per share, for a total transaction of $45,200.00. Following the completion of the transaction, the chief financial officer now owns 33,148 shares in the company, valued at $749,144.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Avigal Soreq bought 6,775 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th. The shares were bought at an average price of $22.63 per share, with a total value of $153,318.25. Following the transaction, the chief executive officer now owns 94,400 shares of the company’s stock, valued at approximately $2,136,272. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.
Hedge Funds Weigh In On Delek US
A number of hedge funds and other institutional investors have recently modified their holdings of DK. IFP Advisors Inc bought a new position in Delek US during the third quarter valued at $30,000. Financial Management Professionals Inc. purchased a new stake in shares of Delek US in the third quarter valued at $31,000. Advisor Group Holdings Inc. raised its stake in shares of Delek US by 44.3% in the first quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company’s stock valued at $33,000 after acquiring an additional 486 shares during the period. Parkside Financial Bank & Trust raised its stake in shares of Delek US by 61.3% in the first quarter. Parkside Financial Bank & Trust now owns 2,086 shares of the oil and gas company’s stock valued at $44,000 after acquiring an additional 793 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of Delek US in the second quarter valued at $81,000. Institutional investors own 98.34% of the company’s stock.
About Delek US
Delek US Holdings, Inc engages in petroleum refining, and the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products.
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