Delek US (DK) Rating Reiterated by Piper Jaffray Companies
Piper Jaffray Companies reissued their neutral rating on shares of Delek US (NYSE:DK) in a research note published on Thursday, MarketBeat.com reports.
Several other equities analysts have also weighed in on DK. Raymond James reduced their price objective on Delek US from $70.00 to $60.00 and set a strong-buy rating for the company in a report on Monday, September 24th. Barclays reduced their price objective on Delek US from $62.00 to $58.00 and set an overweight rating for the company in a report on Wednesday, October 3rd. Goldman Sachs Group lowered Delek US from a conviction-buy rating to a buy rating in a report on Tuesday, October 9th. Credit Suisse Group reduced their price objective on Delek US from $67.00 to $59.00 and set an outperform rating for the company in a report on Tuesday, October 9th. Finally, Citigroup reduced their price objective on Delek US from $59.00 to $50.00 and set a buy rating for the company in a report on Tuesday, October 16th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $52.58.
NYSE DK traded down $0.41 on Thursday, hitting $32.07. 1,750,113 shares of the stock traded hands, compared to its average volume of 1,866,802. Delek US has a 12 month low of $29.51 and a 12 month high of $61.57. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 0.59 and a beta of 1.40. The company has a current ratio of 1.43, a quick ratio of 0.97 and a debt-to-equity ratio of 0.96.
In other news, EVP Avigal Soreq sold 1,500 shares of the firm’s stock in a transaction on Thursday, November 29th. The stock was sold at an average price of $40.21, for a total value of $60,315.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of DK. Russell Investments Group Ltd. boosted its holdings in shares of Delek US by 58.2% in the second quarter. Russell Investments Group Ltd. now owns 12,343 shares of the oil and gas company’s stock worth $620,000 after acquiring an additional 4,543 shares during the period. BlackRock Inc. raised its position in shares of Delek US by 13.6% in the second quarter. BlackRock Inc. now owns 5,808,118 shares of the oil and gas company’s stock worth $291,393,000 after buying an additional 697,134 shares in the last quarter. FMR LLC raised its position in shares of Delek US by 47.3% in the second quarter. FMR LLC now owns 9,933,478 shares of the oil and gas company’s stock worth $498,363,000 after buying an additional 3,190,607 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Delek US by 1,712.4% in the second quarter. Envestnet Asset Management Inc. now owns 2,338 shares of the oil and gas company’s stock worth $117,000 after buying an additional 2,209 shares in the last quarter. Finally, Korea Investment CORP purchased a new stake in shares of Delek US in the second quarter worth $712,000.
About Delek US
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.
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