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

Key Points

• Wall Street Zen downgraded Delek US from "strong-buy" to "buy", adding to a mixed analyst outlook that still leaves the stock at a consensus Hold rating with a $44.23 target price.
• Delek US reported better-than-expected Q1 results, posting EPS of $0.08 versus estimates for a loss and revenue of $2.65 billion versus $2.33 billion expected.
• The stock was trading near $46, close to its 52-week high of $49.50, while insiders have recently sold shares and institutional investors continue to own the vast majority of the company.

Delek US (NYSE:DK - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Sunday.

DK has been the subject of a number of other research reports. Zacks Research raised shares of Delek US from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 29th. TD Cowen dropped their price objective on shares of Delek US from $60.00 to $44.00 and set a "hold" rating for the company in a research note on Monday, April 27th. Scotiabank raised shares of Delek US to a "hold" rating in a report on Friday, March 27th. Citigroup lifted their price target on shares of Delek US from $33.00 to $44.00 and gave the company a "neutral" rating in a research report on Monday, April 13th. Finally, Mizuho increased their price target on Delek US from $51.00 to $54.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Delek US has a consensus rating of "Hold" and a consensus target price of $44.23.

Delek US Stock Up 2.9%

Delek US stock opened at $46.00 on Friday. The company's 50-day moving average price is $42.44 and its two-hundred day moving average price is $36.99. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 10.51. The stock has a market cap of $2.82 billion, a P/E ratio of -50.55, a P/E/G ratio of 0.39 and a beta of 0.63. Delek US has a twelve month low of $15.08 and a twelve month high of $49.50.

Delek US (NYSE:DK - Get Free Report) last posted its earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 EPS for the quarter, beating the consensus estimate of ($1.42) by $1.50. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The firm's revenue for the quarter was up .4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($2.32) earnings per share. As a group, analysts expect that Delek US will post 3.99 EPS for the current year.

Insider Buying and Selling at Delek US

In other Delek US news, EVP Denise Clark Mcwatters sold 11,988 shares of the business's stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $41.33, for a total transaction of $495,464.04. Following the completion of the transaction, the executive vice president directly owned 74,196 shares in the company, valued at $3,066,520.68. The trade was a 13.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Reuven Spiegel sold 20,000 shares of the company's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $42.84, for a total value of $856,800.00. Following the sale, the executive vice president owned 48,530 shares of the company's stock, valued at $2,079,025.20. The trade was a 29.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 172,095 shares of company stock valued at $7,257,409. 3.56% of the stock is currently owned by insiders.

Institutional Trading of Delek US

Large investors have recently bought and sold shares of the business. Allianz Asset Management GmbH grew its holdings in shares of Delek US by 40.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company's stock valued at $47,569,000 after purchasing an additional 423,017 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Delek US during the third quarter worth $5,416,000. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of Delek US during the third quarter worth $1,338,000. Mercuria Capital Strategies LLC bought a new position in shares of Delek US in the 3rd quarter valued at $8,755,000. Finally, Burney Co. bought a new position in shares of Delek US in the 4th quarter valued at $2,198,000. 97.01% of the stock is owned by institutional investors and hedge funds.

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.

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