Revenue Update on Delek US Holdings(NYSE:DK)

Delek US Holdings(NYSE:DK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $1.43B. Analysts estimated a revenue of $1.41B. Earnings per share were $-0.08. Analysts had estimated an EPS of $-0.21.

In a different note, On Jul 13, 2016, Barclays said it Downgrades its rating on Delek US Holdings. In the research note, the firm Lowers the price-target to $20.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jul 11, 2016, JP Morgan said it Downgrades its rating on Delek US Holdings. In the research note, the firm Lowers the price-target to $17.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 11, 2016, Scotia Howard Weil said it Downgrades its rating on Delek US Holdings. The shares have been rated ‘Sector Perform’ by the firm.

Delek US Holdings (DK) made into the market gainers list on Fridays trading session with the shares advancing 10.14% or 1.51 points. Due to strong positive momentum, the stock ended at $16.4, which is also near the day’s high of $17.13. The stock began the session at $16.61 and the volume stood at 52,47,777 shares. The 52-week high of the shares is $37.25 and the 52 week low is $11.41. The company has a current market capitalization of $1,014 M and it has 6,18,23,562 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 13, 2015, William J Finnerty (director) purchased 1,000 shares at $26.20 per share price.Also, 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 Company’s 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 Company’s Retail Segment markets gasoline diesel other refined petroleum products and convenience merchandise.

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