Scotiabank analyst Paul Cheng maintained a Hold rating on Delek US Holdings (DK – Research Report) today and set a price target of $26.00. The company’s shares closed yesterday at $26.14.
Cheng covers the Energy sector, focusing on stocks such as Exxon Mobil, BP, and HF Sinclair Corporation. According to TipRanks, Cheng has an average return of 6.0% and a 52.59% success rate on recommended stocks.
In addition to Scotiabank, Delek US Holdings also received a Hold from TD Cowen’s Jason Gabelman in a report issued today. However, yesterday, Wells Fargo maintained a Sell rating on Delek US Holdings (NYSE: DK).
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The company has a one-year high of $34.47 and a one-year low of $19.03. Currently, Delek US Holdings has an average volume of 1.32M.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DK in relation to earlier this year.
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Delek US Holdings (DK) Company Description:
Delek US Holdings, Inc. engages in the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products. The Logistics segment gathers, transports, and stores crude oil and markets, distributes, transports, and stores refined products. The Retail segment markets gasoline, diesel and other refined petroleum products, and convenience merchandise through a network of company-operated retail fuel and convenience stores. The company was founded in 2001 and is headquartered in Brentwood, TN.
Read More on DK:
- Delek US Holdings Reports Third Quarter 2023 Results
- DK Upcoming Earnings Report: What to Expect?
- Delek US Holdings Increases Regular Quarterly Dividend
- Delek US raises quarterly dividend to 24c per share from 19c
- Delek Logistics Partners, LP Increases Quarterly Cash Distribution to $1.045 per Common Limited Partner Unit
