Delek US (NYSE:DK) Stock Rating Lowered by Wall Street Zen

Delek US (NYSE:DK) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Saturday.

A number of other equities research analysts have also issued reports on the company. Zacks Research raised Delek US from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Raymond James Financial upped their price objective on Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Citigroup increased their target price on Delek US from $33.00 to $44.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. TD Cowen lifted their target price on Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Finally, Morgan Stanley boosted their target price on shares of Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $51.92.

Delek US Stock Down 0.2%

Shares of NYSE:DK opened at $67.71 on Friday. The firm has a market capitalization of $4.15 billion, a PE ratio of -74.41, a price-to-earnings-growth ratio of 1.79 and a beta of 0.57. The business has a 50 day simple moving average of $52.43 and a two-hundred day simple moving average of $43.71. Delek US has a 1 year low of $19.81 and a 1 year high of $68.93. The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49.

Insider Activity at Delek US

In other Delek US news, Director Laurie Z. Tolson sold 4,921 shares of Delek US stock in a transaction on Monday, May 18th. The stock was sold at an average price of $46.30, for a total transaction of $227,842.30. Following the completion of the sale, the director directly owned 18,226 shares of the company’s stock, valued at $843,863.80. The trade was a 21.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William J. Finnerty sold 5,000 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $51.50, for a total value of $257,500.00. Following the completion of the sale, the director owned 34,805 shares of the company’s stock, valued at $1,792,457.50. This represents a 12.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 39,270 shares of company stock worth $1,828,718 over the last three months. Corporate insiders own 3.56% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DK. Vanguard Group Inc. increased its position in Delek US by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock valued at $187,773,000 after purchasing an additional 38,577 shares during the period. Ion Asset Management Ltd. lifted its position in shares of Delek US by 1.8% in the 2nd quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock worth $79,296,000 after purchasing an additional 67,490 shares during the period. State Street Corp boosted its stake in shares of Delek US by 3.4% during the fourth quarter. State Street Corp now owns 2,639,447 shares of the oil and gas company’s stock valued at $78,286,000 after purchasing an additional 87,846 shares in the last quarter. Morgan Stanley boosted its stake in shares of Delek US by 24.7% during the fourth quarter. Morgan Stanley now owns 2,033,037 shares of the oil and gas company’s stock valued at $60,300,000 after purchasing an additional 403,059 shares in the last quarter. Finally, ION Fund Management Ltd bought a new position in shares of Delek US during the fourth quarter valued at approximately $52,427,000. 97.01% of the stock is currently owned by institutional investors.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.