Delek US (NYSE:DK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.
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. “
Other analysts have also issued research reports about the stock. Scotiabank reissued a “buy” rating and issued a $43.00 price target on shares of Delek US in a report on Wednesday, January 10th. Citigroup raised their price target on shares of Delek US from $35.00 to $41.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Royal Bank of Canada reissued a “buy” rating and issued a $41.00 price target on shares of Delek US in a report on Tuesday, January 30th. Cowen reissued a “buy” rating and issued a $30.00 price target on shares of Delek US in a report on Tuesday, October 17th. Finally, TheStreet raised shares of Delek US from a “c+” rating to a “b-” rating in a report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Delek US has a consensus rating of “Buy” and a consensus price target of $36.21.
Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, November 8th. The oil and gas company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.64 billion. Delek US had a net margin of 2.09% and a return on equity of 1.71%. research analysts expect that Delek US will post 0.98 EPS for the current year.
In other Delek US news, COO Frederec Green sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $32.00, for a total value of $320,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Anthony L. Miller sold 1,155 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $32.79, for a total transaction of $37,872.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 225,631 shares of company stock worth $7,683,903. Insiders own 1.61% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Macquarie Group Ltd. bought a new position in Delek US in the third quarter valued at approximately $273,000. Ameriprise Financial Inc. boosted its stake in Delek US by 371.2% in the third quarter. Ameriprise Financial Inc. now owns 458,456 shares of the oil and gas company’s stock valued at $12,254,000 after acquiring an additional 361,162 shares during the last quarter. Strs Ohio bought a new position in shares of Delek US during the third quarter worth $1,200,000. Magnetar Financial LLC boosted its position in shares of Delek US by 149.0% during the third quarter. Magnetar Financial LLC now owns 33,156 shares of the oil and gas company’s stock worth $886,000 after purchasing an additional 19,840 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Delek US by 4.8% during the third quarter. New York State Common Retirement Fund now owns 121,916 shares of the oil and gas company’s stock worth $3,259,000 after purchasing an additional 5,555 shares in the last quarter. 90.97% of the stock is currently owned by hedge funds and other institutional investors.
Delek US Company Profile
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.
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