Delek US (NYSE:DK) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Thursday.
A number of other research analysts also recently weighed in on the company. TheStreet downgraded Delek US from a “b-” rating to a “c+” rating in a research note on Thursday, July 5th. Barclays dropped their price target on Delek US from $62.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 3rd. Credit Suisse Group dropped their price target on Delek US from $67.00 to $59.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 9th. Mizuho initiated coverage on Delek US in a research note on Thursday, August 2nd. They set a “buy” rating and a $60.00 price target on the stock. Finally, Citigroup dropped their price target on Delek US from $59.00 to $50.00 and set a “buy” rating on the stock in a research note on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $51.53.
Shares of NYSE:DK traded down $0.70 during midday trading on Thursday, reaching $37.09. The company’s stock had a trading volume of 1,480,617 shares, compared to its average volume of 1,777,551. The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 29.44, a P/E/G ratio of 0.82 and a beta of 1.37. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.36 and a quick ratio of 0.96. Delek US has a fifty-two week low of $27.08 and a fifty-two week high of $61.57.
Delek US (NYSE:DK) last announced its quarterly earnings data on Tuesday, August 7th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.11). The business had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.51 billion. Delek US had a net margin of 3.69% and a return on equity of 12.23%. Analysts anticipate that Delek US will post 4.49 EPS for the current year.
In other news, Director David Wiessman sold 60,000 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $54.10, for a total value of $3,246,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.40% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in DK. Northern Trust Corp grew its holdings in Delek US by 9.2% during the second quarter. Northern Trust Corp now owns 1,928,902 shares of the oil and gas company’s stock valued at $96,773,000 after purchasing an additional 163,101 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Delek US by 64.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,082,986 shares of the oil and gas company’s stock worth $54,334,000 after acquiring an additional 424,977 shares in the last quarter. AGF Investments Inc. purchased a new stake in shares of Delek US in the second quarter worth $1,781,000. SG Americas Securities LLC raised its position in shares of Delek US by 405.4% in the second quarter. SG Americas Securities LLC now owns 27,080 shares of the oil and gas company’s stock worth $1,359,000 after buying an additional 21,722 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Delek US by 51.9% in the second quarter. Wells Fargo & Company MN now owns 436,395 shares of the oil and gas company’s stock worth $21,894,000 after buying an additional 149,037 shares in the last quarter. 96.84% of the stock is owned by institutional investors.
Delek US Company Profile
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminals.
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