Zacks Investment Research upgraded shares of Delek US Holdings, Inc. (NYSE:DK) from a hold rating to a buy rating in a research note issued to investors on Thursday morning. The firm currently has $31.00 price target on the oil and gas company’s stock.

According to Zacks, “DELEK US HOLDINGS, INC. is a diversified energy business focused on petroleum refining, marketing and supply of refined products, and retail marketing of fuel and general merchandise. “

Several other brokerages have also recently commented on DK. Cowen and Company restated a buy rating and set a $33.00 target price on shares of Delek US Holdings in a report on Friday, November 10th. Raymond James Financial, Inc. upgraded Delek US Holdings from an outperform rating to a strong-buy rating and increased their target price for the stock from $32.00 to $35.00 in a report on Monday, November 13th. Wells Fargo & Company upgraded Delek US Holdings from a market perform rating to an outperform rating and set a $40.00 target price on the stock in a report on Tuesday, November 14th. Wolfe Research upgraded Delek US Holdings from a market perform rating to an outperform rating in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada reiterated a buy rating and issued a $35.00 price target on shares of Delek US Holdings in a report on Wednesday, October 18th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $30.83.

Shares of Delek US Holdings (NYSE:DK) opened at $29.45 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.49. The company has a market capitalization of $2,420.00, a price-to-earnings ratio of 228.54, a PEG ratio of 4.64 and a beta of 1.92. Delek US Holdings has a 1-year low of $18.99 and a 1-year high of $29.77.

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The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 22nd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend is Tuesday, November 21st. Delek US Holdings’s payout ratio is 7.19%.

In other Delek US Holdings news, COO Frederec Green sold 10,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $28.00, for a total value of $280,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Assi Ginzburg sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $28.00, for a total value of $560,000.00. The disclosure for this sale can be found here. Insiders sold 37,527 shares of company stock worth $1,034,580 in the last three months. Insiders own 1.61% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DK. Principal Financial Group Inc. raised its position in shares of Delek US Holdings by 14.8% during the first quarter. Principal Financial Group Inc. now owns 30,984 shares of the oil and gas company’s stock worth $752,000 after purchasing an additional 4,006 shares during the period. Vanguard Group Inc. raised its position in shares of Delek US Holdings by 14.5% during the first quarter. Vanguard Group Inc. now owns 5,205,114 shares of the oil and gas company’s stock worth $126,327,000 after purchasing an additional 657,261 shares during the period. Geode Capital Management LLC raised its position in shares of Delek US Holdings by 4.2% during the first quarter. Geode Capital Management LLC now owns 449,531 shares of the oil and gas company’s stock worth $10,909,000 after purchasing an additional 18,258 shares during the period. BlackRock Inc. raised its position in shares of Delek US Holdings by 19,567.7% during the first quarter. BlackRock Inc. now owns 3,861,746 shares of the oil and gas company’s stock worth $93,726,000 after purchasing an additional 3,842,111 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Delek US Holdings by 5.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 359,385 shares of the oil and gas company’s stock worth $8,723,000 after purchasing an additional 19,026 shares during the period. 77.02% of the stock is currently owned by institutional investors.

Delek US Holdings Company Profile

Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.

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