Delek US Holdings, Inc. (NYSE:DK) was downgraded by stock analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday.

A number of other research analysts have also issued reports on DK. Zacks Investment Research lowered Delek US Holdings from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Tudor Pickering reissued a “hold” rating on shares of Delek US Holdings in a research note on Wednesday, July 12th. Citigroup Inc. cut Delek US Holdings from a “buy” rating to a “neutral” rating and set a $29.00 price target on the stock. in a research note on Friday, July 14th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $28.00 price target on shares of Delek US Holdings in a research note on Tuesday, July 11th. Finally, Wolfe Research raised Delek US Holdings from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $23.14.

Delek US Holdings (DK) traded down 5.40% during midday trading on Tuesday, hitting $24.86. 1,222,580 shares of the company traded hands. The stock’s market cap is $1.54 billion. The stock has a 50 day moving average of $26.30 and a 200 day moving average of $24.56. Delek US Holdings has a 12-month low of $12.52 and a 12-month high of $27.85.

Delek US Holdings (NYSE:DK) last released its earnings results on Tuesday, August 1st. The oil and gas company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 2.83% and a negative net margin of 2.37%. Delek US Holdings’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.08) earnings per share. Equities research analysts predict that Delek US Holdings will post $0.07 EPS for the current fiscal year.

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In other Delek US Holdings news, CFO Assi Ginzburg sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was 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 approximately $2,687,542. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jared Serff sold 1,136 shares of Delek US Holdings stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $26.80, for a total value of $30,444.80. Following the sale, the insider now owns 13,683 shares of the company’s stock, valued at $366,704.40. The disclosure for this sale can be found here. Insiders have sold a total of 238,345 shares of company stock valued at $6,072,096 over the last 90 days. Corporate insiders own 1.42% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. purchased a new stake in shares of Delek US Holdings during the first quarter valued at about $129,000. Virginia Retirement Systems ET AL raised its stake in shares of Delek US Holdings by 6.3% in the first quarter. Virginia Retirement Systems ET AL now owns 9,145 shares of the oil and gas company’s stock valued at $222,000 after buying an additional 545 shares in the last quarter. Clinton Group Inc. purchased a new stake in shares of Delek US Holdings during the first quarter valued at about $230,000. SG Americas Securities LLC purchased a new stake in shares of Delek US Holdings during the second quarter valued at about $245,000. Finally, Invictus RG raised its stake in shares of Delek US Holdings by 548.9% in the first quarter. Invictus RG now owns 10,278 shares of the oil and gas company’s stock valued at $249,000 after buying an additional 8,694 shares in the last quarter. Institutional investors and hedge funds own 97.13% of the company’s stock.

Delek US Holdings 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.

Analyst Recommendations for Delek US Holdings (NYSE:DK)

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