Delek US Holdings, Inc. (NYSE:DK)‘s stock had its “hold” rating restated by analysts at Scotiabank in a research report issued on Friday. They presently have a $26.00 price objective on the oil and gas company’s stock. Scotiabank’s target price would indicate a potential upside of 3.59% from the company’s previous close.

DK has been the subject of several other reports. BidaskClub upgraded Delek US Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. Zacks Investment Research lowered Delek US Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Wolfe Research upgraded Delek US Holdings from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 25th. Citigroup Inc. lowered Delek US Holdings from a “buy” rating to a “neutral” rating and set a $29.00 price target for the company. in a report on Friday, July 14th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $28.00 price target on shares of Delek US Holdings in a report on Wednesday, July 5th. Thirteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Delek US Holdings currently has an average rating of “Hold” and an average target price of $26.38.

Delek US Holdings (NYSE:DK) traded up 1.51% during mid-day trading on Friday, reaching $25.48. 280,534 shares of the company were exchanged. The stock’s 50-day moving average is $24.23 and its 200-day moving average is $24.64. Delek US Holdings has a 12 month low of $14.76 and a 12 month high of $27.85. The company’s market cap is $1.58 billion.

Delek US Holdings (NYSE:DK) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.37. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $944.29 million. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. Equities analysts expect that Delek US Holdings will post ($0.06) earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Delek US Holdings’ (DK) Hold Rating Reaffirmed at Scotiabank” was reported by American Banking News and is the sole property of of American Banking News. If you are reading this article on another site, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/09/08/delek-us-holdings-dk-hold-rating-reaffirmed-at-scotiabank.html.

In other Delek US Holdings news, insider Jared Serff sold 1,136 shares of Delek US Holdings stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $26.80, for a total value of $30,444.80. Following the transaction, the insider now directly owns 13,683 shares of the company’s stock, valued at approximately $366,704.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Charles H. Leonard sold 2,500 shares of Delek US Holdings stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $22.10, for a total value of $55,250.00. Following the completion of the transaction, the director now directly owns 23,035 shares in the company, valued at $509,073.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,149 shares of company stock worth $126,989. Company insiders own 1.61% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. bought a new position in Delek US Holdings in the 1st quarter worth approximately $129,000. BlackRock Inc. increased its position in Delek US Holdings by 81.4% in the 1st quarter. BlackRock Inc. now owns 7,420 shares of the oil and gas company’s stock worth $113,000 after buying an additional 3,329 shares during the period. Amalgamated Bank bought a new position in Delek US Holdings in the 2nd quarter worth approximately $207,000. Janus Capital Management LLC bought a new position in Delek US Holdings in the 4th quarter worth approximately $212,000. Finally, Virginia Retirement Systems ET AL increased its position in Delek US Holdings by 6.3% in the 1st quarter. Virginia Retirement Systems ET AL now owns 9,145 shares of the oil and gas company’s stock worth $222,000 after buying an additional 545 shares during the period. 97.01% of the stock is currently owned by institutional investors.

About Delek US Holdings

Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.

Analyst Recommendations for Delek US Holdings (NYSE:DK)

Receive News & Ratings for Delek US Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.