Mizuho Reaffirms Neutral Rating for Delek US (NYSE:DK)

Delek US (NYSE:DK)‘s stock had its “neutral” rating restated by investment analysts at Mizuho in a research report issued on Thursday, Marketbeat Ratings reports. They currently have a $83.00 price target on the oil and gas company’s stock, up from their previous price target of $66.00. Mizuho’s price objective indicates a potential upside of 9.90% from the company’s previous close.

Other analysts have also issued reports about the stock. Zacks Research upgraded shares of Delek US from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. The Goldman Sachs Group raised their target price on shares of Delek US from $73.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. Raymond James Financial lifted their target price on shares of Delek US from $72.00 to $90.00 and gave the stock an “outperform” rating in a research report on Monday, September 14th. Citigroup reiterated a “neutral” rating on shares of Delek US in a research note on Thursday, August 6th. Finally, Morgan Stanley increased their price target on Delek US from $45.00 to $81.00 and gave the company an “equal weight” rating in a report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $68.58.

Delek US Trading Down 0.2%

Shares of NYSE:DK opened at $75.52 on Thursday. The company has a market cap of $4.62 billion, a P/E ratio of 21.21, a PEG ratio of 0.38 and a beta of 0.62. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47. Delek US has a 1 year low of $25.85 and a 1 year high of $82.27. The stock’s fifty day moving average price is $70.43 and its 200-day moving average price is $55.79.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, topping the consensus estimate of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period last year, the company earned ($0.56) EPS. Delek US’s revenue for the quarter was up 47.9% on a year-over-year basis. Sell-side analysts expect that Delek US will post 15.54 earnings per share for the current year.

Insider Activity

In other news, Director William Finnerty sold 2,943 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $77.17, for a total value of $227,111.31. Following the completion of the sale, the director directly owned 30,405 shares in the company, valued at $2,346,353.85. This represents a 8.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Gary Sullivan, Jr. sold 27,688 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $69.01, for a total value of $1,910,748.88. Following the completion of the transaction, the director directly owned 32,004 shares in the company, valued at approximately $2,208,596.04. This represents a 46.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 163,377 shares of company stock worth $11,082,485. Company insiders own 3.56% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Allworth Financial LP purchased a new position in shares of Delek US during the 2nd quarter valued at about $30,000. Rockefeller Capital Management L.P. raised its stake in Delek US by 1,327.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,955 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 1,818 shares during the period. Caitong International Asset Management Co. Ltd raised its stake in Delek US by 350.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,037 shares of the oil and gas company’s stock worth $60,000 after acquiring an additional 1,585 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Delek US during the second quarter valued at approximately $61,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Delek US during the second quarter valued at approximately $127,000. Institutional investors own 97.01% of the company’s stock.

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.