Delek US Holdings, Inc. (NYSE:DK – Get Rating) shares were down 6.6% on Friday . The company traded as low as $27.30 and last traded at $27.98. Approximately 39,335 shares were traded during trading, a decline of 97% from the average daily volume of 1,466,445 shares. The stock had previously closed at $29.95.
A number of equities research analysts have recently weighed in on DK shares. StockNews.com raised shares of Delek US from a “hold” rating to a “buy” rating in a report on Saturday, May 21st. Credit Suisse Group upped their price target on shares of Delek US to $32.00 in a report on Thursday, June 9th. TheStreet raised shares of Delek US from a “d+” rating to a “c” rating in a report on Wednesday, April 20th. Bank of America raised shares of Delek US from an “underperform” rating to a “neutral” rating and upped their price target for the company from $17.00 to $21.00 in a report on Tuesday, March 8th. Finally, Raymond James upped their price target on shares of Delek US from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, April 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $26.00.
The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.60 and a current ratio of 0.97. The stock’s 50 day simple moving average is $27.44 and its two-hundred day simple moving average is $21.11. The firm has a market capitalization of $2.44 billion, a PE ratio of -20.40, a price-to-earnings-growth ratio of 0.26 and a beta of 1.63.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Boston Partners increased its holdings in Delek US by 50.4% in the 1st quarter. Boston Partners now owns 2,408,748 shares of the oil and gas company’s stock valued at $51,421,000 after purchasing an additional 807,117 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Delek US in the 3rd quarter valued at approximately $9,051,000. Norges Bank acquired a new stake in Delek US in the 4th quarter valued at approximately $7,037,000. First Trust Advisors LP increased its holdings in Delek US by 408.8% in the 4th quarter. First Trust Advisors LP now owns 563,633 shares of the oil and gas company’s stock valued at $8,449,000 after purchasing an additional 452,852 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Delek US by 6.2% in the 1st quarter. Vanguard Group Inc. now owns 7,694,334 shares of the oil and gas company’s stock valued at $163,273,000 after purchasing an additional 446,408 shares during the last quarter. Institutional investors and hedge funds own 74.69% of the company’s stock.
About Delek US (NYSE:DK)
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.
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