Wells Fargo Downgrades Delek US Holdings to Market Perform

Brokerage firm Wells Fargo Downgrades its rating on Delek US Holdings(NYSE:DK). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Wells Fargo was issued on Sep 21, 2016.

In a different note, On Sep 21, 2016, Wells Fargo said it Downgrades its rating on Delek US Holdings. The shares have been rated ‘Market Perform’ by the firm. On Sep 16, 2016, Piper Jaffray said it Maintains its rating on Delek US Holdings. In the research note, the firm Raises the price-target to $13.00 per share. The shares have been rated ‘Neutral’ by the firm. On Sep 15, 2016, Raymond James said it Maintains its rating on Delek US Holdings. In the research note, the firm Raises the price-target to $20.00 per share. The shares have been rated ‘Hold’ by the firm. Citigroup said it Initiates Coverage on Delek US Holdings, according to a research note issued on Sep 14, 2016. The shares have been rated ‘Buy’ by the firm. On Aug 22, 2016, Piper Jaffray said it Maintains its rating on Delek US Holdings. In the research note, the firm Raises the price-target to $10.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 5, 2016, Barclays said it Maintains its rating on Delek US Holdings. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Delek US Holdings (DK) made into the market gainers list on Thursdays trading session with the shares advancing 1.41% or 0.25 points. Due to strong positive momentum, the stock ended at $17.96, which is also near the day’s high of $18.23. The stock began the session at $17.9 and the volume stood at 8,19,129 shares. The 52-week high of the shares is $30.74 and the 52 week low is $11.41. The company has a current market capitalization of $1,110 M and it has 6,18,23,562 shares in outstanding.

Delek US Holdings(DK) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.43B. Analysts had an estimated revenue of $1.41B. Earnings per share were $-0.08. Analysts had estimated an EPS of $-0.21.

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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