Delek US Holdings, Inc. (NYSE:DK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Monday.

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 reports about the company. BidaskClub lowered Delek US Holdings from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Cowen and Company reaffirmed a “buy” rating and set a $33.00 target price on shares of Delek US Holdings in a research report on Friday. Royal Bank Of Canada reaffirmed a “buy” rating and set a $35.00 target price on shares of Delek US Holdings in a research report on Wednesday, October 18th. Macquarie raised Delek US Holdings from a “neutral” rating to an “outperform” rating in a research report on Monday, October 23rd. Finally, Citigroup Inc. reaffirmed a “hold” rating and set a $27.00 target price (down from $29.00) on shares of Delek US Holdings in a research report on Wednesday, October 18th. Ten research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Delek US Holdings currently has a consensus rating of “Hold” and a consensus target price of $30.00.

Delek US Holdings (DK) traded down $0.29 during trading hours on Monday, reaching $27.44. The company’s stock had a trading volume of 1,037,600 shares, compared to its average volume of 1,008,841. The company has a quick ratio of 1.06, a current ratio of 1.49 and a debt-to-equity ratio of 0.63. Delek US Holdings has a one year low of $16.88 and a one year high of $29.16. The stock has a market capitalization of $2,235.05, a price-to-earnings ratio of 211.08, a PEG ratio of 5.08 and a beta of 1.92.

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In other Delek US Holdings news, insider Assi Ginzburg sold 20,000 shares of Delek US Holdings stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $28.00, for a total value of $560,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles H. Leonard sold 2,500 shares of Delek US Holdings stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $22.10, for a total value of $55,250.00. Following the completion of the transaction, the director now owns 23,035 shares of the company’s stock, valued at $509,073.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,027 shares of company stock valued at $1,089,830. 1.61% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of DK. BlackRock Inc. boosted its stake in 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 acquiring an additional 3,842,111 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Delek US Holdings by 35.1% during the third quarter. Dimensional Fund Advisors LP now owns 7,058,494 shares of the oil and gas company’s stock worth $188,672,000 after buying an additional 1,833,630 shares during the period. Vanguard Group Inc. boosted its position in shares of Delek US Holdings by 33.7% during the second quarter. Vanguard Group Inc. now owns 6,958,487 shares of the oil and gas company’s stock worth $183,982,000 after buying an additional 1,753,373 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Delek US Holdings by 67.0% during the second quarter. JPMorgan Chase & Co. now owns 2,415,921 shares of the oil and gas company’s stock worth $63,877,000 after buying an additional 969,671 shares during the period. Finally, FMR LLC boosted its position in shares of Delek US Holdings by 24.9% during the second quarter. FMR LLC now owns 4,248,836 shares of the oil and gas company’s stock worth $112,339,000 after buying an additional 846,855 shares during the period. Institutional investors own 97.01% 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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