Wells Fargo & Company Reiterates Positive Rating for Delek US Holdings, Inc. (DK)

Wells Fargo & Company reissued their positive rating on shares of Delek US Holdings, Inc. (NYSE:DK) in a research note published on Thursday.

Several other equities research analysts also recently issued reports on DK. Royal Bank Of Canada restated a buy rating and issued a $35.00 price target on shares of Delek US in a report on Wednesday, October 18th. Cowen Inc restated a buy rating and issued a $30.00 price target on shares of Delek US in a report on Thursday, August 17th. Zacks Investment Research upgraded Delek US from a hold rating to a buy rating and set a $30.00 price target for the company in a report on Monday, October 16th. Tudor Pickering upgraded Delek US from a hold rating to a buy rating in a report on Friday, November 17th. Finally, Scotiabank restated a hold rating and issued a $26.00 price target on shares of Delek US in a report on Friday, September 8th. Eight equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $30.83.

Shares of Delek US (NYSE:DK) opened at $31.43 on Thursday. The company has a market capitalization of $2,560.00, a PE ratio of 241.77, a P/E/G ratio of 4.91 and a beta of 1.92. The company has a quick ratio of 1.06, a current ratio of 1.49 and a debt-to-equity ratio of 0.63. Delek US has a fifty-two week low of $19.09 and a fifty-two week high of $32.17.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.60 annualized dividend and a dividend yield of 1.91%. Delek US’s dividend payout ratio is currently 7.19%.

In related news, insider Daniel L. Gordon sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $26.16, for a total transaction of $26,160.00. Following the completion of the transaction, the insider now directly owns 18,572 shares of the company’s stock, valued at $485,843.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Donald Norman Holmes sold 1,018 shares of the stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $25.19, for a total value of $25,643.42. Following the transaction, the insider now directly owns 30,989 shares of the company’s stock, valued at $780,612.91. The disclosure for this sale can be found here. Insiders have sold 47,527 shares of company stock valued at $1,354,580 over the last ninety days. 1.61% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in Delek US by 35.1% during the third quarter. Dimensional Fund Advisors LP now owns 7,058,494 shares of the oil and gas company’s stock valued at $188,672,000 after purchasing an additional 1,833,630 shares during the last quarter. Vanguard Group Inc. boosted its position in Delek US by 33.7% during the second quarter. Vanguard Group Inc. now owns 6,958,487 shares of the oil and gas company’s stock valued at $183,982,000 after purchasing an additional 1,753,373 shares during the last quarter. FMR LLC boosted its position in Delek US by 24.9% during the second quarter. FMR LLC now owns 4,248,836 shares of the oil and gas company’s stock valued at $112,339,000 after purchasing an additional 846,855 shares during the last quarter. BlackRock Inc. boosted its position in Delek US by 1.3% during the second quarter. BlackRock Inc. now owns 3,912,278 shares of the oil and gas company’s stock valued at $103,441,000 after purchasing an additional 50,532 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its position in Delek US by 8.8% during the third quarter. Victory Capital Management Inc. now owns 2,881,870 shares of the oil and gas company’s stock valued at $77,032,000 after purchasing an additional 232,100 shares during the last quarter. 77.02% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This article was first published by Transcript Daily and is the property of of Transcript Daily. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US and international trademark and copyright legislation. The original version of this article can be viewed at https://transcriptdaily.com/2017/11/27/wells-fargo-company-reiterates-positive-rating-for-delek-us-holdings-inc-dk.html.

About Delek US

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.

Analyst Recommendations for Delek US (NYSE:DK)

Receive News & Ratings for Delek US Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply