Delek US Holdings Inc. (NYSE:DK) dropped 3.4% during trading on Wednesday . The company traded as low as $11.77 and last traded at $11.82, with a volume of 542,026 shares changing hands. The stock had previously closed at $12.24.

DK has been the subject of a number of recent research reports. Credit Suisse Group AG reiterated a “buy” rating and set a $17.00 price objective on shares of Delek US Holdings in a research report on Thursday, July 14th. Vetr lowered Delek US Holdings from a “strong-buy” rating to a “buy” rating and set a $14.25 target price for the company. in a report on Tuesday, July 19th. Howard Weil lowered Delek US Holdings from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $22.00 to $15.00 in a report on Monday, July 11th. Barclays PLC lowered Delek US Holdings from an “overweight” rating to an “equal weight” rating and reduced their target price for the company from $20.00 to $15.00 in a report on Wednesday, July 13th. Finally, Zacks Investment Research upgraded Delek US Holdings from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 11th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company’s stock. Delek US Holdings currently has an average rating of “Hold” and a consensus price target of $21.63.

The company has a 50-day moving average of $12.67 and a 200-day moving average of $14.57. The firm has a market cap of $734.22 million and a PE ratio of 116.47.

Delek US Holdings (NYSE:DK) last released its earnings results on Thursday, May 5th. The company reported ($0.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by $0.33. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period in the previous year, the company earned ($0.28) earnings per share. On average, analysts anticipate that Delek US Holdings Inc. will post ($1.88) EPS for the current fiscal year.

Other institutional investors have recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. raised its position in shares of Delek US Holdings by 682.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 66,497 shares of the company’s stock valued at $1,636,000 after buying an additional 57,995 shares during the period. Rhumbline Advisers raised its position in shares of Delek US Holdings by 3.9% in the fourth quarter. Rhumbline Advisers now owns 70,798 shares of the company’s stock valued at $1,742,000 after buying an additional 2,675 shares during the period. Swiss National Bank raised its position in shares of Delek US Holdings by 1.4% in the fourth quarter. Swiss National Bank now owns 71,100 shares of the company’s stock valued at $1,749,000 after buying an additional 1,000 shares during the period. Airain ltd raised its position in shares of Delek US Holdings by 183.9% in the fourth quarter. Airain ltd now owns 81,620 shares of the company’s stock valued at $2,008,000 after buying an additional 52,875 shares during the period. Finally, Foresters Investment Management Company Inc. purchased a new position in shares of Delek US Holdings during the fourth quarter valued at about $2,128,000.

Delek US Holdings, Inc is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil, intermediate and refined products and convenience store retailing. The Company operates through three segments: Refining, Logistics and Retail. Its Refining Segment operates independent refineries in Tyler, Texas, and El Dorado, Arkansas with a combined design crude distillation capacity of approximately 155,000 barrels per day (bpd).

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