Raymond James Issues an Upgrade on Delek US Holdings (NYSE:DK) Shares. What’s Next?


Delek US Holdings (NYSE:DK) Stock Upgrade

It will be interesting to watch today’s trading of shares of Delek US Holdings (NYSE:DK) as Raymond James upgraded the stock from a “Mkt Perform” to a respectable “Outperform”.

From a total of 11 analysts covering Delek US Holdings (NYSE:DK) stock, 9 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 56% of the ratings are positive. The highest target price is $48 while the lowest target price is $28. The mean of all analyst targets is $37.45 with a 71.81% above today’s ($22.7) stock price. Delek US Holdings was the topic of 11 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Howard Weil upgraded shares on December 15 to “Sector Outperform” rating. JP Morgan initiated shares with “Overweight” rating and $42 target share price in a report from a September 11. Bank of America upgraded DK stock in a recent report from October 19 to “Neutral” rating. Macquarie Research initiated the rating on July 24. Macquarie Research has a “Outperform” rating and a $48 price target on shares. Finally, Wells Fargo upgraded the stock to “Outperform” rating in a report issued on an October 7.

Approximately 207,318 shares of stock traded hands. Delek US Holdings, Inc. (NYSE:DK) has declined 38.64% since May 13, 2015 and is downtrending. It has underperformed by 36.02% the S&P500.

The overall sentiment of institutions has increased to 1.09 in Q2 2015. Its up 0.37, from 0.72 in 2015Q2. The ratio is positive, as 37 institutions have sold all the shares of Delek US Holdings, Inc. that they owned while 58 funds have taken shares off the table. 31 funds have purchased shares for the first time while 73 added to their positions. These institutions now hold 65.43 million shares or 18.02% more than the 55.44 million shares they owned in 2015Q2.

The Fund Ion Asset Management Ltd. currently is holding shares equating to 6.95% of its total portfolio in Delek US Holdings, Inc. representing a total of 180,000 shares. Another fund,Green Owl Capital Management Llc, is holding a total of 106,000 shares equating to 2.28% of their holdings. Additionally, Euclidean Technologies Management Llc has a 65,345 share stake in Delek US Holdings, Inc. which represents 1.89% of their total portfolio. The Fund, Sandell Asset Management Corp, based out of New York, has also built up a stake in the stock, which represents a total of 1.66% of their total portfolio. Finally Overbrook Management Corp, a fund which is based in the state of New York reported a total holdings of 374,944 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 12, 2015, shareholders of Delek US Holdings, Inc. have witnessed 0 insider purchases, and a total of 3 insider sales equating to a net activity of approximately $382,766 . Daily Harry Parker sold 2,500 shares worth approximately $77,275. Leonard Charles H sold 4,500 shares worth approximately $128,921. Miller Anthony L. sold 4,989 shares worth approximately $176,570. Thomas Kent B sold 2,711 shares worth approximately $97,620. The company insider Holmes Donald Norman sold 2,697 shares worth $95,474.

Delek US Holdings, Inc. is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil and intermediate and refined products and convenience store retailing. The company has a market cap of $1.37 billion. The Firm operates through three operating divisions: Refining, Logistics and Retail. It has 15.71 P/E ratio. The Company’s Refining Segment operates independent refineries in Tyler, Texas (the Tyler refinery) and El Dorado, Arkansas (the El Dorado refinery) with a combined design crude distillation capacity of 140,000 barrels per day (bpd).

According to Zacks Investment Research, “DELEK US HOLDINGS, INC. is a diversified energy business focused on petroleum refining, marketing and supply of refined products, and retail marketing of fuel and general merchandise.”