Bank of America Lowers Delek US (DK) to Underperform
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.
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.
TRADEMARK VIOLATION NOTICE: This news story was first reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/12/08/bank-of-america-lowers-delek-us-dk-to-underperform.html.
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.
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.