Delek US Holdings Gets a Buy from RBC Capital

By Ryan Adsit

RBC Capital analyst Brad Heffern reiterated a Buy rating on Delek US Holdings (NYSE: DK) today and set a price target of $32. The company’s shares opened today at $21.36.

According to, Heffern is a 4-star analyst with an average return of 6.9% and a 58.1% success rate. Heffern covers the Basic Materials sector, focusing on stocks such as Calumet Specialty Products, Gulfport Energy Corp, and Hollyfrontier Corp.

Delek US Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $32.

Based on Delek US Holdings’ latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $1.08 billion and quarterly net profit of $44.2 million. In comparison, last year the company earned revenue of $1.11 billion and had a GAAP net loss of $29.2 million.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is neutral on the stock. Last month, Gary M. Sullivan, a Director at DK bought 500 shares for a total of $12,135.

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Delek US Holdings, Inc. is an energy company, which engages in the petroleum refining; wholesale distribution of refined products; and convenience store retailing. It operates through the following segments: Refining, Logistics, and Retailing. The Refining segment involves in processing crude oil and manufacturing refined products, such as gasoline and distillate fuel. The Logistics segment focuses on owning and operating midstream energy infrastructure assets. The Retail segment operates under the MAPCO Express, MAPCO Mart, East Coast, Fast Food and Fuel, Favorite Markets, Delta Express and Discount Food Mart. The company was founded in April 2001 and is headquartered in Brentwood, TN.