Delek US Holdings (DK) Receives a Hold from Piper Sandler

Piper Sandler analyst Ryan Todd maintained a Hold rating on Delek US Holdings today and set a price target of $47.00.

Meet Your ETF AI Analyst

• Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
• Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.

Todd covers the Energy sector, focusing on stocks such as Shell, TotalEnergies, and Valero Energy. According to TipRanks, Todd has an average return of 8.3% and a 57.46% success rate on recommended stocks.

In addition to Piper Sandler, Delek US Holdings also received a Hold from TD Cowen’s Jason Gabelman in a report issued on November 11. However, on the same day, Mizuho Securities reiterated a Buy rating on Delek US Holdings (NYSE: DK).

Based on Delek US Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.89 billion and a net profit of $178 million. In comparison, last year the company earned a revenue of $3.04 billion and had a GAAP net loss of $76.8 million

Based on the recent corporate insider activity of 67 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. Earlier this month, Joseph Israel, the EVP of DK sold 27,060.00 shares for a total of $1,113,256.68.