Delek US (NYSE:DK) Stock Rating Lowered by StockNews.com

Delek US (NYSE:DK) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other equities research analysts also recently weighed in on DK. Morgan Stanley cut their price target on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Monday, September 16th. TD Cowen cut their target price on shares of Delek US from $19.00 to $18.00 and set a “sell” rating for the company in a research note on Thursday, August 8th. Scotiabank decreased their price target on shares of Delek US from $27.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Wells Fargo & Company increased their price objective on Delek US from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Tuesday, September 3rd. Finally, Wolfe Research assumed coverage on Delek US in a report on Thursday, July 18th. They issued an “underperform” rating and a $19.00 target price on the stock. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat, Delek US has a consensus rating of “Hold” and an average price target of $24.73.

Delek US Trading Down 3.1 %

Delek US stock opened at $19.70 on Friday. Delek US has a 12-month low of $18.35 and a 12-month high of $33.60. The stock has a market capitalization of $1.26 billion, a PE ratio of -15.89 and a beta of 1.14. The firm has a 50 day simple moving average of $20.98 and a 200-day simple moving average of $25.16. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.98 and a quick ratio of 0.58.

Delek US (NYSE:DK) last issued its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.42) by $0.50. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.31 billion. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The firm’s revenue for the quarter was down 18.4% on a year-over-year basis. During the same period last year, the firm earned $1.00 EPS. As a group, equities research analysts expect that Delek US will post -2.87 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Avigal Soreq purchased 5,651 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average cost of $20.42 per share, for a total transaction of $115,393.42. Following the completion of the acquisition, the chief executive officer now owns 188,881 shares in the company, valued at approximately $3,856,950.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Delek US

Several hedge funds and other institutional investors have recently modified their holdings of DK. Charles Schwab Investment Management Inc. increased its holdings in Delek US by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 620,957 shares of the oil and gas company’s stock worth $16,021,000 after buying an additional 13,238 shares during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Delek US during the 4th quarter valued at $395,000. Janney Montgomery Scott LLC raised its holdings in shares of Delek US by 10.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 65,508 shares of the oil and gas company’s stock valued at $1,690,000 after purchasing an additional 6,398 shares in the last quarter. Norges Bank acquired a new stake in shares of Delek US in the 4th quarter valued at $16,341,000. Finally, Hsbc Holdings PLC boosted its holdings in Delek US by 269.6% in the fourth quarter. Hsbc Holdings PLC now owns 67,647 shares of the oil and gas company’s stock worth $1,751,000 after purchasing an additional 49,344 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

About Delek US

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock 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 terminal.