Delek US (DK) Upgraded to “B-” at TheStreet
Delek US (NYSE:DK) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued to clients and investors on Monday.
A number of other analysts have also recently weighed in on the company. Raymond James Financial upgraded Delek US from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $32.00 to $35.00 in a research report on Monday, November 13th. Zacks Investment Research cut Delek US from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Tudor Pickering upgraded Delek US from a “hold” rating to a “buy” rating in a research report on Friday, November 17th. Wells Fargo & Company reiterated a “positive” rating on shares of Delek US in a research report on Thursday, November 23rd. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $32.00 price target on shares of Delek US in a research report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $31.67.
Shares of Delek US (NYSE:DK) opened at $32.09 on Monday. The company has a current ratio of 1.49, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $2,628.46, a P/E ratio of 248.23, a PEG ratio of 3.76 and a beta of 2.02. Delek US has a 1 year low of $20.65 and a 1 year high of $33.74.
Hedge funds and other institutional investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in Delek US during the 3rd quarter valued at $114,000. Hanseatic Management Services Inc. boosted its stake in Delek US by 18,606.3% during 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 purchasing an additional 5,954 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Delek US by 51.3% during 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 purchasing an additional 2,412 shares in the last quarter. Amalgamated Bank bought a new position in Delek US during the 2nd quarter valued at $207,000. Finally, ETRADE Capital Management LLC bought a new position in Delek US during the 3rd quarter valued at $215,000. 93.19% of the stock is owned by hedge funds and other institutional investors.
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Delek US 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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