Delek US (NYSE:DK) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Delek US (NYSE:DK) had its target price boosted by research analysts at The Goldman Sachs Group from $83.00 to $97.00 in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the oil and gas company’s stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 23.16% from the company’s previous close.

Several other equities analysts have also issued reports on DK. Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. TD Cowen upped their target price on shares of Delek US from $76.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 14th. Freedom Broker assumed coverage on shares of Delek US in a research note on Wednesday, October 7th. They issued a “hold” rating and a $86.00 target price on the stock. JPMorgan Chase & Co. increased their target price on Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Finally, Zacks Research upgraded shares of Delek US from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Delek US has an average rating of “Moderate Buy” and an average target price of $70.83.

Delek US Stock Performance

Shares of DK opened at $78.76 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53. The stock has a market cap of $4.82 billion, a P/E ratio of 10.74, a P/E/G ratio of 0.40 and a beta of 0.62. The business’s 50 day moving average price is $71.64 and its 200-day moving average price is $56.95. Delek US has a 52 week low of $25.85 and a 52 week high of $82.27.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $2.81. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.44 billion. Delek US had a return on equity of 109.03% and a net margin of 1.86%. The firm’s revenue for the quarter was up 47.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.56) EPS. Equities research analysts anticipate that Delek US will post 15.95 earnings per share for the current fiscal year.

Insider Buying and Selling at Delek US

In other news, Director Gary Sullivan, Jr. sold 27,688 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $69.01, for a total transaction of $1,910,748.88. Following the completion of the sale, the director owned 32,004 shares of the company’s stock, valued at $2,208,596.04. This represents a 46.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Vicky Sutil sold 6,397 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $71.50, for a total transaction of $457,385.50. Following the completion of the transaction, the director owned 26,407 shares in the company, valued at $1,888,100.50. This trade represents a 19.50% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 163,377 shares of company stock worth $11,082,485. 3.56% of the stock is owned by corporate insiders.

Institutional Trading of Delek US

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DK. WINTON GROUP Ltd boosted its stake in shares of Delek US by 445.3% during the 2nd quarter. WINTON GROUP Ltd now owns 57,800 shares of the oil and gas company’s stock worth $2,937,000 after acquiring an additional 47,200 shares during the last quarter. Bank of America Corp DE grew its position in shares of Delek US by 118.0% during the 1st quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company’s stock valued at $38,138,000 after acquiring an additional 458,004 shares during the period. Wellington Management Group LLP purchased a new stake in shares of Delek US in the 2nd quarter worth $10,664,000. Y Intercept Hong Kong Ltd increased its stake in shares of Delek US by 281.5% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 45,471 shares of the oil and gas company’s stock worth $2,049,000 after purchasing an additional 33,553 shares in the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in shares of Delek US in the 2nd quarter worth $1,568,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

About Delek US

Delek US Holdings, Inc is an independent downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing transportation fuels and other refined petroleum products for commercial and wholesale customers.

Delek’s refining operations have included facilities in the U.S. Gulf Coast and Mid-Continent regions, with assets in Texas, Arkansas and Louisiana. Its products may include gasoline, diesel, jet fuel, asphalt and other refined products.