Delek US Holdings, Inc. (DK) Reaches New 52-Week High at $32.00
Delek US Holdings, Inc. (NYSE:DK) hit a new 52-week high during trading on Thursday . The stock traded as high as $32.00 and last traded at $32.00, with a volume of 3314500 shares traded. The stock had previously closed at $30.79.
Several equities research analysts have recently weighed in on DK shares. BidaskClub downgraded Delek US Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Scotiabank set a $26.00 target price on Delek US Holdings and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Cowen Inc reaffirmed a “buy” rating and issued a $30.00 target price on shares of Delek US Holdings in a research report on Thursday, August 17th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $32.00 target price on shares of Delek US Holdings in a research report on Friday, September 8th. Finally, Zacks Investment Research raised Delek US Holdings from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Monday, October 16th. Eight investment 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 stock. The company has an average rating of “Buy” and a consensus price target of $30.83.
The company has a debt-to-equity ratio of 0.63, a current ratio of 1.49 and a quick ratio of 1.06. The company has a market capitalization of $2,606.47, a price-to-earnings ratio of 246.15, a P/E/G ratio of 5.00 and a beta of 1.92.
In other news, insider Assi Ginzburg sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $28.00, for a total transaction of $560,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Frederec Green sold 10,000 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $32.00, for a total value of $320,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 47,527 shares of company stock worth $1,354,580. 1.61% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in Delek US Holdings in the 3rd quarter valued at approximately $114,000. Hanseatic Management Services Inc. increased its position in Delek US Holdings by 18,606.3% in the 3rd quarter. Hanseatic Management Services Inc. now owns 5,986 shares of the oil and gas company’s stock valued at $160,000 after acquiring an additional 5,954 shares during the period. Great West Life Assurance Co. Can increased its position in Delek US Holdings by 51.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock valued at $188,000 after acquiring an additional 2,412 shares during the period. Amalgamated Bank acquired a new stake in Delek US Holdings in the 2nd quarter valued at approximately $207,000. Finally, ETRADE Capital Management LLC acquired a new stake in Delek US Holdings in the 3rd quarter valued at approximately $215,000. Hedge funds and other institutional investors own 77.02% of the company’s stock.
About Delek US Holdings
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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