Delek US (NYSE:DK) Trading Down 8.6%

Delek US Holdings Inc (NYSE:DK)’s stock price traded down 8.6% during mid-day trading on Monday . The stock traded as low as $37.42 and last traded at $38.01, 2,503,765 shares were traded during mid-day trading. An increase of 87% from the average session volume of 1,339,746 shares. The stock had previously closed at $41.58.

Several analysts have issued reports on the stock. Goldman Sachs Group downgraded shares of Delek US from a “neutral” rating to a “sell” rating and set a $37.00 price objective for the company. in a research report on Tuesday, June 25th. ValuEngine raised shares of Delek US from a “sell” rating to a “hold” rating in a research report on Tuesday, July 2nd. Finally, Raymond James lowered their price objective on shares of Delek US from $46.00 to $45.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $46.62.

The company has a current ratio of 1.48, a quick ratio of 1.00 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 7.92 and a beta of 1.65. The company has a 50-day moving average of $40.04.

Delek US (NYSE:DK) last released its quarterly earnings results on Monday, August 5th. The oil and gas company reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.40. Delek US had a net margin of 5.48% and a return on equity of 27.94%. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the company earned $0.92 earnings per share. The business’s quarterly revenue was down 5.9% compared to the same quarter last year. As a group, sell-side analysts expect that Delek US Holdings Inc will post 4.08 EPS for the current year.

In other Delek US news, EVP Louis Labella sold 1,200 shares of Delek US stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $44.00, for a total value of $52,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Avigal Soreq sold 4,000 shares of Delek US stock in a transaction on Monday, July 1st. The stock was sold at an average price of $41.30, for a total transaction of $165,200.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 23,554 shares of company stock valued at $974,576. 1.20% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. bought a new stake in Delek US in the second quarter valued at $101,000. Globeflex Capital L P bought a new stake in Delek US in the first quarter valued at $125,000. SG Americas Securities LLC bought a new stake in Delek US in the first quarter valued at $142,000. Rothschild Investment Corp IL bought a new stake in Delek US in the first quarter valued at $220,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Delek US by 37.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 6,336 shares of the oil and gas company’s stock valued at $231,000 after buying an additional 1,712 shares during the last quarter.

About Delek US (NYSE:DK)

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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