Delek US Holdings (DK) was Downgraded by Wells Fargo to ” Market Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Wells Fargo advised their investors in a research report released on Sep 21, 2016.
Many Wall Street Analysts have commented on Delek US Holdings. Delek US Holdings was Initiated by Citigroup to “Buy” on Sep 14, 2016. Company shares were Reiterated by Scotia Howard Weil on Aug 30, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 18 from a previous price target of $15 .Company shares were Reiterated by RBC Capital Mkts on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 19 from a previous price target of $17 .
On the company’s financial health, Delek US Holdings reported $-0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $-0.13. The company had revenue of $1364.10 million for the quarter, compared to analysts expectations of $1433.74 million. The company’s revenue was down -22.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.64 EPS.
Delek US Holdings closed down -0.69 points or -3.81% at $17.41 with 9,37,729 shares getting traded on Tuesday. Post opening the session at $18.05, the shares hit an intraday low of $17.39 and an intraday high of $18.18 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Nov 13, 2015, William J Finnerty (director) purchased 1,000 shares at $26.20 per share price. According to the SEC, on Sep 11, 2015, Harry Parker Daily (Executive Vice President) sold 2,500 shares at $30.91 per share price. On Sep 4, 2015, Charles H Leonard (director) sold 4,500 shares at $28.65 per share price, according to the Form-4 filing with the securities and exchange commission.
Delek US Holdings Inc. (Delek) is an integrated energy business focused on petroleum refining the transportation storage and wholesale of crude oil and intermediate and refined products and convenience store retailing. The Company operates through three operating segments: Refining Logistics and Retail. The Companys Refining Segment operates independent refineries in Tyler Texas (the Tyler refinery) and El Dorado Arkansas (the El Dorado refinery) with a combined design crude distillation capacity of 140000 barrels per day (bpd). The Logistics Segment gathers transports and stores crude oil and markets distributes transports and stores refined products in select regions of the southeastern United States and west Texas for both its refining segment and third parties. The Companys Retail Segment markets gasoline diesel other refined petroleum products and convenience merchandise.