Delek US (NYSE:DK) was downgraded by equities researchers at Bank of America from a “neutral” rating to an “underperform” rating in a report issued on Friday, The Fly reports.

Other analysts also recently issued research reports about the stock. Cowen restated a “buy” rating and set a $33.00 price objective on shares of Delek US in a research report on Friday, November 10th. Zacks Investment Research upgraded shares of Delek US from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Friday, November 10th. Royal Bank Of Canada restated a “buy” rating and set a $35.00 price objective on shares of Delek US in a research report on Wednesday, October 18th. Tudor Pickering upgraded shares of Delek US from a “hold” rating to a “buy” rating in a research report on Friday, November 17th. Finally, Scotiabank restated a “hold” rating and set a $26.00 price objective on shares of Delek US in a research report on Friday, September 8th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $30.83.

Shares of Delek US (DK) opened at $32.70 on Friday. The firm has a market cap of $2,632.53, a P/E ratio of 248.62, a PEG ratio of 4.43 and a beta of 2.02. The company has a current ratio of 1.49, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. Delek US has a 12-month low of $20.65 and a 12-month high of $33.74.

In other news, COO Frederec Green sold 10,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel L. Gordon sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $26.16, for a total transaction of $26,160.00. Following the transaction, the insider now directly owns 18,572 shares in the company, valued at $485,843.52. The disclosure for this sale can be found here. Insiders sold a total of 202,003 shares of company stock worth $6,490,611 over the last three months. 1.61% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Deprince Race & Zollo Inc. acquired a new stake in Delek US in the 2nd quarter valued at about $36,729,000. Schroder Investment Management Group grew its stake in Delek US by 8.7% in the 3rd quarter. Schroder Investment Management Group now owns 623,577 shares of the oil and gas company’s stock valued at $10,782,000 after acquiring an additional 49,806 shares during the last quarter. Monarch Partners Asset Management LLC grew its stake in Delek US by 72.2% in the 4th quarter. Monarch Partners Asset Management LLC now owns 189,390 shares of the oil and gas company’s stock valued at $4,659,000 after acquiring an additional 79,435 shares during the last quarter. Breton Hill Capital Ltd. acquired a new stake in Delek US in the 4th quarter valued at about $972,000. Finally, Norges Bank acquired a new stake in Delek US in the 4th quarter valued at about $20,978,000. 93.24% of the stock is currently owned by institutional investors and hedge funds.

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About Delek US

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.

The Fly

Analyst Recommendations for Delek US (NYSE:DK)

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