Wells Fargo & Company Boosts Delek US (NYSE:DK) Price Target to $53.00

Delek US (NYSE:DK) had its price objective upped by research analysts at Wells Fargo & Company from $43.00 to $53.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the oil and gas company’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 28.48% from the stock’s current price.

Other analysts have also issued reports about the stock. Morgan Stanley set a $34.00 price target on shares of Delek US and gave the company an “equal weight” rating in a research report on Friday, October 3rd. Bank of America increased their target price on shares of Delek US from $14.00 to $24.00 and gave the company an “underperform” rating in a research report on Wednesday, September 3rd. Cowen upgraded shares of Delek US from a “sell” rating to a “hold” rating in a research note on Friday, September 19th. JPMorgan Chase & Co. raised their price objective on Delek US from $19.00 to $35.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 15th. Finally, UBS Group upped their target price on Delek US from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, September 2nd. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Delek US presently has a consensus rating of “Hold” and a consensus target price of $33.77.

Delek US Stock Down 0.4%

Delek US stock opened at $41.25 on Monday. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 10.48. The firm has a market cap of $2.48 billion, a P/E ratio of -5.02 and a beta of 0.99. The business has a fifty day moving average of $33.63 and a two-hundred day moving average of $25.32. Delek US has a twelve month low of $11.02 and a twelve month high of $43.50.

Delek US (NYSE:DK) last released its quarterly earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 EPS for the quarter. Delek US had a negative return on equity of 56.78% and a negative net margin of 4.83%.The firm had revenue of $2.96 billion during the quarter. On average, analysts forecast that Delek US will post -5.5 earnings per share for the current fiscal year.

Insider Buying and Selling at Delek US

In related news, CFO Robert G. Wright sold 7,135 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $29.24, for a total value of $208,627.40. Following the completion of the sale, the chief financial officer directly 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 Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Trading of Delek US

Several large investors have recently bought and sold shares of the company. Comerica Bank grew its position in Delek US by 96.3% during the first quarter. Comerica Bank now owns 40,336 shares of the oil and gas company’s stock valued at $608,000 after acquiring an additional 19,788 shares during the period. T. Rowe Price Investment Management Inc. purchased a new stake in Delek US during the 1st quarter worth $13,728,000. Nisa Investment Advisors LLC lifted its stake in shares of Delek US by 1,548.4% during the first quarter. Nisa Investment Advisors LLC now owns 13,270 shares of the oil and gas company’s stock worth $200,000 after purchasing an additional 12,465 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in Delek US in the 1st quarter worth approximately $305,000. Finally, Hsbc Holdings PLC raised its stake in shares of Delek US by 6.8% during the first quarter. Hsbc Holdings PLC now owns 174,973 shares of the oil and gas company’s stock valued at $2,677,000 after purchasing an additional 11,177 shares during the period. Institutional investors and hedge funds 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.