Delek US (NYSE:DK) Downgraded to Underweight at JPMorgan Chase & Co.

Delek US (NYSE:DK) was downgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research note issued on Monday, The Fly reports.

Other research analysts also recently issued research reports about the company. Cowen downgraded Delek US from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 22nd. ValuEngine raised Delek US from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Wells Fargo & Co lowered their price objective on shares of Delek US from $45.00 to $44.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 25th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Delek US has an average rating of “Hold” and an average price target of $43.49.

Shares of NYSE DK opened at $34.29 on Monday. The stock’s 50-day simple moving average is $37.11 and its 200-day simple moving average is $36.59. The firm has a market capitalization of $2.55 billion, a PE ratio of 7.14 and a beta of 1.65. Delek US has a fifty-two week low of $29.51 and a fifty-two week high of $44.08. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.88 and a current ratio of 1.29.

Delek US (NYSE:DK) last announced its quarterly earnings results on Monday, November 4th. The oil and gas company reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.10. Delek US had a return on equity of 21.48% and a net margin of 4.24%. The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the prior year, the company posted $2.02 earnings per share. The firm’s quarterly revenue was down 15.7% compared to the same quarter last year. On average, sell-side analysts forecast that Delek US will post 3.52 earnings per share for the current fiscal year.

In related news, CEO Ezra Uzi Yemin bought 27,500 shares of the company’s stock in a transaction on Friday, November 15th. The stock was bought at an average cost of $35.85 per share, with a total value of $985,875.00. Following the completion of the acquisition, the chief executive officer now owns 279,198 shares in the company, valued at approximately $10,009,248.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Avigal Soreq sold 3,967 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $38.41, for a total transaction of $152,372.47. Following the completion of the transaction, the executive vice president now directly owns 25,712 shares of the company’s stock, valued at $987,597.92. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Large investors have recently made changes to their positions in the company. Point72 Hong Kong Ltd acquired a new position in Delek US during the second quarter worth about $28,000. Rockefeller Capital Management L.P. grew its position in shares of Delek US by 159.4% in the second quarter. Rockefeller Capital Management L.P. now owns 773 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 475 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Delek US during the 2nd quarter worth approximately $39,000. Schroder Investment Management Group purchased a new position in shares of Delek US during the 2nd quarter worth approximately $61,000. Finally, Quantamental Technologies LLC acquired a new position in shares of Delek US during the 2nd quarter worth approximately $77,000.

About Delek US

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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