Delek US Holdings, Inc. (DK) Stock Rating Lowered by BidaskClub
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.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://www.thecerbatgem.com/2017/08/03/delek-us-holdings-inc-dk-stock-rating-lowered-by-bidaskclub.html.
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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.