Wells Fargo Reaffirms Their Buy Rating on Delek US Holdings (DK)
Wells Fargo analyst Sam Margolin maintained a Buy rating on Delek US Holdings yesterday and set a price target of $53.00. The company’s shares closed yesterday at $40.36.
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Margolin covers the Energy sector, focusing on stocks such as Delek US Holdings, Phillips 66, and Valero Energy. According to TipRanks, Margolin has an average return of 12.3% and a 69.33% success rate on recommended stocks.
In addition to Wells Fargo, Delek US Holdings also received a Buy from Mizuho Securities’s Nitin Kumar CFA in a report issued on November 11. However, on November 18, UBS maintained a Hold 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 66 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, Reuven Spiegel, the EVP, Special Projects of DK sold 17,000.00 shares for a total of $704,140.00.
Read More on DK:
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