Delek US Holdings, Inc. (NYSE:DK) Downgraded by Zacks Investment Research to “Hold”
Delek US Holdings, Inc. (NYSE:DK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “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. “
Several other analysts have also recently commented on the stock. Citigroup Inc reiterated a “buy” rating and set a $29.00 target price (down previously from $32.00) on shares of Delek US Holdings in a research report on Saturday, April 22nd. ValuEngine upgraded shares of Delek US Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) upgraded shares of Delek US Holdings from a “neutral” rating to a “buy” rating and upped their target price for the company from $26.00 to $30.00 in a research report on Tuesday, May 16th. Credit Suisse Group cut shares of Delek US Holdings from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $28.00 to $26.00 in a research report on Friday, March 24th. Finally, Scotiabank reiterated a “hold” rating and set a $26.00 target price on shares of Delek US Holdings in a research report on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $22.68.
Shares of Delek US Holdings (NYSE:DK) traded up 1.00% during trading on Tuesday, hitting $26.20. The company had a trading volume of 724,140 shares. Delek US Holdings has a 12-month low of $11.66 and a 12-month high of $27.82. The firm has a 50 day moving average of $25.63 and a 200 day moving average of $24.21. The stock’s market cap is $1.63 billion.
Delek US Holdings (NYSE:DK) last posted its quarterly earnings data on Monday, May 8th. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.33) by $0.49. Delek US Holdings had a negative return on equity of 2.83% and a negative net margin of 2.37%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $897.24 million. During the same quarter in the prior year, the business earned ($0.86) EPS. The business’s revenue for the quarter was up 33.4% compared to the same quarter last year. On average, analysts forecast that Delek US Holdings will post $0.02 earnings per share for the current fiscal year.
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In other Delek US Holdings news, insider Jared Serff sold 1,136 shares of the stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $26.80, for a total transaction of $30,444.80. Following the completion of the transaction, the insider now owns 13,683 shares in the company, valued at approximately $366,704.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Chairman Ezra Uzi Yemin sold 202,806 shares of the stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $25.41, for a total value of $5,153,300.46. Following the transaction, the chairman now owns 344,890 shares of the company’s stock, valued at approximately $8,763,654.90. The disclosure for this sale can be found here. In the last 90 days, insiders sold 238,345 shares of company stock valued at $6,072,096. 1.42% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. Algert Global LLC purchased a new position in Delek US Holdings during the first quarter worth about $1,919,000. Canada Pension Plan Investment Board increased its position in Delek US Holdings by 219.3% in the first quarter. Canada Pension Plan Investment Board now owns 160,300 shares of the oil and gas company’s stock worth $3,890,000 after buying an additional 110,100 shares in the last quarter. First Midwest Bank Trust Division increased its position in Delek US Holdings by 3.4% in the first quarter. First Midwest Bank Trust Division now owns 13,495 shares of the oil and gas company’s stock worth $328,000 after buying an additional 450 shares in the last quarter. Russell Investments Group Ltd. increased its position in Delek US Holdings by 2.7% in the first quarter. Russell Investments Group Ltd. now owns 745,455 shares of the oil and gas company’s stock worth $18,091,000 after buying an additional 19,627 shares in the last quarter. Finally, Strs Ohio acquired a new position in Delek US Holdings during the first quarter worth approximately $737,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.
Delek US Holdings Company Profile
Delek US Holdings, Inc is an integrated downstream energy business focused on petroleum refining and the transportation, storage and wholesale of crude oil, intermediate and refined products. The Company operates through two segments: Refining and Logistics. The Company’s refining segment operates independent refineries in Tyler, Texas (the Tyler refinery) and El Dorado, Arkansas (the El Dorado refinery).
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