Delek US Holdings, Inc. (NYSE:DK) Receives $38.85 Average Price Target from Brokerages

Delek US Holdings, Inc. (NYSE:DK) has earned a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $38.8462.

A number of brokerages have weighed in on DK. Weiss Ratings restated a “sell (d-)” rating on shares of Delek US in a research note on Wednesday, January 21st. JPMorgan Chase & Co. cut their price target on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 15th. Scotiabank set a $34.00 target price on shares of Delek US in a research report on Friday, January 16th. Morgan Stanley reduced their price target on shares of Delek US from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 27th. Finally, TD Cowen boosted their price target on Delek US from $28.00 to $36.00 and gave the company a “hold” rating in a report on Tuesday, November 11th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Allianz Asset Management GmbH grew its holdings in Delek US by 40.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock worth $47,569,000 after buying an additional 423,017 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Delek US during the 3rd quarter valued at $1,338,000. Federated Hermes Inc. acquired a new position in Delek US during the 3rd quarter worth $5,416,000. Quantbot Technologies LP bought a new position in shares of Delek US in the second quarter worth $1,089,000. Finally, KLP Kapitalforvaltning AS grew its stake in shares of Delek US by 64.3% in the second quarter. KLP Kapitalforvaltning AS now owns 25,050 shares of the oil and gas company’s stock worth $531,000 after purchasing an additional 9,800 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Price Performance

Shares of NYSE DK opened at $34.45 on Tuesday. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of -4.22 and a beta of 0.84. Delek US has a 1-year low of $11.02 and a 1-year high of $43.50. The business has a 50-day moving average of $30.80 and a 200-day moving average of $31.86. The company has a debt-to-equity ratio of 7.12, a current ratio of 0.86 and a quick ratio of 0.58.

Delek US Company Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.