Delek US Holdings, Inc. (DK) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research downgraded shares of Delek US Holdings, Inc. (NYSE:DK) from a buy rating to a hold rating in a research report released on Monday morning.

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. “

Several other research firms also recently issued reports on DK. Raymond James Financial, Inc. raised shares of Delek US Holdings from an outperform rating to a strong-buy rating and increased their price objective for the company from $32.00 to $35.00 in a report on Monday. Scotiabank reaffirmed a hold rating and set a $26.00 price objective on shares of Delek US Holdings in a report on Friday, September 8th. BidaskClub downgraded shares of Delek US Holdings from a strong-buy rating to a buy rating in a report on Sunday, July 16th. Macquarie raised shares of Delek US Holdings from a neutral rating to an outperform rating in a report on Monday, October 23rd. Finally, Cowen and Company reaffirmed a buy rating and set a $30.00 price objective on shares of Delek US Holdings in a report on Thursday, August 17th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Delek US Holdings currently has an average rating of Hold and a consensus target price of $30.83.

Delek US Holdings (NYSE DK) traded down $0.21 on Monday, reaching $27.23. 1,445,100 shares of the company’s stock traded hands, compared to its average volume of 1,010,833. The company has a current ratio of 1.49, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $2,235.05, a P/E ratio of 211.08, a price-to-earnings-growth ratio of 5.08 and a beta of 1.92. Delek US Holdings has a fifty-two week low of $17.31 and a fifty-two week high of $29.16.

ILLEGAL ACTIVITY NOTICE: “Delek US Holdings, Inc. (DK) Downgraded by Zacks Investment Research to Hold” was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://sportsperspectives.com/2017/11/14/delek-us-holdings-inc-dk-downgraded-by-zacks-investment-research-to-hold.html.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 22nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.20%. The ex-dividend date is Tuesday, November 21st. Delek US Holdings’s payout ratio is currently 37.97%.

In related news, insider Assi Ginzburg sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $28.00, for a total transaction of $560,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel L. Gordon sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $26.16, for a total transaction of $26,160.00. Following the sale, the insider now owns 18,572 shares of the company’s stock, valued at $485,843.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,527 shares of company stock valued at $1,034,580. 1.61% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. First Midwest Bank Trust Division increased its position in Delek US Holdings by 1.8% during the second quarter. First Midwest Bank Trust Division now owns 13,732 shares of the oil and gas company’s stock worth $365,000 after purchasing an additional 237 shares during the last quarter. Tudor Investment Corp ET AL increased its position in Delek US Holdings by 15.6% during the first quarter. Tudor Investment Corp ET AL now owns 12,342 shares of the oil and gas company’s stock worth $300,000 after purchasing an additional 1,666 shares during the last quarter. Amalgamated Bank boosted its stake in Delek US Holdings by 24.0% during the third quarter. Amalgamated Bank now owns 9,694 shares of the oil and gas company’s stock worth $259,000 after buying an additional 1,875 shares during the period. GSA Capital Partners LLP boosted its stake in Delek US Holdings by 5.7% during the second quarter. GSA Capital Partners LLP now owns 35,100 shares of the oil and gas company’s stock worth $928,000 after buying an additional 1,900 shares during the period. Finally, Van ECK Associates Corp boosted its stake in Delek US Holdings by 15.9% during the second quarter. Van ECK Associates Corp now owns 15,029 shares of the oil and gas company’s stock worth $397,000 after buying an additional 2,057 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.

About Delek US Holdings

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)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply