Delek US (NYSE:DK) Raised to Buy at Freedom Broker

Delek US (NYSE:DK) was upgraded by analysts at Freedom Broker from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, FinViz reports. The firm presently has a $88.00 price target on the oil and gas company’s stock, up from their previous price target of $86.00. Freedom Broker‘s price target points to a potential upside of 40.36% from the stock’s current price.

Other analysts have also issued reports about the stock. Raymond James Financial reissued an “outperform” rating and set a $95.00 price target on shares of Delek US in a research report on Friday. JPMorgan Chase & Co. lifted their price objective on shares of Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Wells Fargo & Company boosted their price objective on shares of Delek US from $82.00 to $95.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 14th. Piper Sandler started coverage on shares of Delek US in a research report on Tuesday, October 27th. They set a “neutral” rating and a $90.00 target price for the company. Finally, Weiss Ratings upgraded shares of Delek US from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $77.75.

Delek US Stock Performance

Shares of DK stock opened at $62.70 on Wednesday. Delek US has a 52-week low of $25.85 and a 52-week high of $82.27. The company’s 50 day moving average is $73.31 and its 200 day moving average is $54.11. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 3.33, a PEG ratio of 0.47 and a beta of 0.61. The company has a quick ratio of 0.92, a current ratio of 1.33 and a debt-to-equity ratio of 2.03.

Delek US (NYSE:DK) last released its quarterly earnings results on Friday, November 6th. The oil and gas company reported $13.55 EPS for the quarter, topping the consensus estimate of $8.05 by $5.50. The firm had revenue of $4.39 billion during the quarter, compared to analyst estimates of $3.88 billion. Delek US had a return on equity of 140.39% and a net margin of 8.70%. The business’s revenue for the quarter was up 52.1% compared to the same quarter last year. During the same period in the previous year, the company posted $7.13 EPS. On average, sell-side analysts anticipate that Delek US will post 18.62 EPS for the current fiscal year.

Insider Buying and Selling

In other Delek US news, Director Vicky Sutil sold 6,397 shares of the stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $71.50, for a total value of $457,385.50. Following the completion of the sale, the director directly owned 26,407 shares in the company, valued at approximately $1,888,100.50. This trade represents a 19.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Amber Russell sold 5,392 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $75.50, for a total value of $407,096.00. Following the completion of the sale, the executive vice president directly owned 35,670 shares of the company’s stock, valued at approximately $2,693,085. This represents a 13.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 163,377 shares of company stock valued at $11,082,485 in the last 90 days. 3.56% of the stock is owned by insiders.

Institutional Trading of Delek US

Institutional investors have recently bought and sold shares of the stock. Allworth Financial LP grew its position in Delek US by 30.7% during the 2nd quarter. Allworth Financial LP now owns 600 shares of the oil and gas company’s stock worth $30,000 after purchasing an additional 141 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Delek US by 168.3% during the third quarter. Parallel Advisors LLC now owns 440 shares of the oil and gas company’s stock worth $31,000 after buying an additional 276 shares during the period. Net Worth Advisory Group grew its holdings in shares of Delek US by 2.1% during the third quarter. Net Worth Advisory Group now owns 13,327 shares of the oil and gas company’s stock valued at $991,000 after buying an additional 277 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Delek US by 11.2% during the third quarter. Farther Finance Advisors LLC now owns 3,489 shares of the oil and gas company’s stock valued at $249,000 after buying an additional 352 shares during the last quarter. Finally, Fortitude Family Office LLC increased its position in shares of Delek US by 223.7% in the 3rd quarter. Fortitude Family Office LLC now owns 547 shares of the oil and gas company’s stock valued at $39,000 after acquiring an additional 378 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

About Delek US

Delek US Holdings, Inc. is an independent downstream energy company focused on petroleum refining and related logistics in the southern United States. Its refining operations are located in Texas, Arkansas and Louisiana, where it processes crude oil into transportation fuels and other petroleum products. Products from Delek US refineries include gasoline, diesel, jet fuel, asphalt and petroleum coke. The company also markets refined products to customers and operates midstream assets, including pipelines, terminals and storage facilities, through its subsidiary Delek Logistics Partners.