Delek US Holdings, Inc. (DK) Downgraded by BidaskClub to Buy
BidaskClub cut shares of Delek US Holdings, Inc. (NYSE:DK) from a strong-buy rating to a buy rating in a research note released on Sunday morning.
Other equities analysts have also recently issued research reports about the company. ValuEngine upgraded Delek US Holdings from a sell rating to a hold rating in a 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 increased their price objective for the stock from $26.00 to $30.00 in a research note on Tuesday, May 16th. Citigroup Inc. downgraded shares of Delek US Holdings from a buy rating to a neutral rating and set a $29.00 price objective for the company. in a research note on Friday. Tudor Pickering restated a hold rating on shares of Delek US Holdings in a research note on Wednesday. Finally, Scotiabank set a $26.00 price objective on shares of Delek US Holdings and gave the stock a hold rating in a research note on Monday, June 26th. One investment 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. Delek US Holdings currently has a consensus rating of Hold and a consensus price target of $22.68.
Shares of Delek US Holdings (NYSE DK) traded down 1.58% during mid-day trading on Friday, hitting $25.59. The company’s stock had a trading volume of 1,084,590 shares. Delek US Holdings has a 1-year low of $11.66 and a 1-year high of $27.82. The stock’s market cap is $1.59 billion. The company has a 50-day moving average price of $25.63 and a 200-day moving average price of $24.21.
Delek US Holdings (NYSE:DK) last released its earnings results on Monday, May 8th. The oil and gas company reported $0.16 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.33) by $0.49. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $897.24 million. Delek US Holdings had a negative return on equity of 2.83% and a negative net margin of 2.37%. The company’s revenue was up 33.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.86) EPS. Analysts predict that Delek US Holdings will post $0.10 EPS for the current fiscal year.
In other Delek US Holdings news, CFO Assi Ginzburg sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $26.00, for a total transaction of $520,000.00. Following the completion of the sale, the chief financial officer now directly owns 103,367 shares in the company, valued at $2,687,542. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles H. Leonard sold 1,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $25.48, for a total transaction of $43,316.00. Following the sale, the director now owns 20,787 shares of the company’s stock, valued at $529,652.76. The disclosure for this sale can be found here. Insiders sold a total of 238,345 shares of company stock valued at $6,072,096 over the last quarter. 1.42% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Delek US Holdings by 14.5% in the first quarter. Vanguard Group Inc. now owns 5,205,114 shares of the oil and gas company’s stock valued at $126,327,000 after buying an additional 657,261 shares during the period. BlackRock Inc. increased its stake in shares of Delek US Holdings by 19,567.7% in the first quarter. BlackRock Inc. now owns 3,861,746 shares of the oil and gas company’s stock valued at $93,726,000 after buying an additional 3,842,111 shares during the period. FMR LLC increased its stake in shares of Delek US Holdings by 169.5% in the first quarter. FMR LLC now owns 3,401,981 shares of the oil and gas company’s stock valued at $82,566,000 after buying an additional 2,139,800 shares during the period. Victory Capital Management Inc. increased its stake in shares of Delek US Holdings by 2.5% in the first quarter. Victory Capital Management Inc. now owns 2,641,184 shares of the oil and gas company’s stock valued at $64,102,000 after buying an additional 64,505 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in shares of Delek US Holdings by 8.0% in the first quarter. Point72 Asset Management L.P. now owns 2,279,900 shares of the oil and gas company’s stock valued at $55,333,000 after buying an additional 168,300 shares during the period. Hedge funds and other institutional investors own 96.76% of the company’s stock.
About Delek US Holdings
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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