Notable Price Action: How Analysts Feel About Delek US Holdings, Inc. After Today’s Big Increase?

Notable Price Action: How Analysts Feel About Delek US Holdings, Inc. After Today's Big Increase?

The stock of Delek US Holdings, Inc. (NYSE:DK) is a huge mover today! The stock increased 4.28% or $0.71 during the last trading session, hitting $17.29. About 651,182 shares traded hands. Delek US Holdings, Inc. (NYSE:DK) has risen 8.65% since February 26, 2016 and is uptrending. It has underperformed by 1.77% the S&P500.
The move comes after 5 months positive chart setup for the $1.03B company. It was reported on Oct, 1 by Barchart.com. We have $28.87 PT which if reached, will make NYSE:DK worth $690.10 million more.

Analysts await Delek US Holdings, Inc. (NYSE:DK) to report earnings on November, 1. They expect $-0.06 EPS, down 107.50% or $0.86 from last year’s $0.8 per share. After $-0.08 actual EPS reported by Delek US Holdings, Inc. for the previous quarter, Wall Street now forecasts -25.00% EPS growth.

Delek US Holdings, Inc. (NYSE:DK) Ratings Coverage

Out of 13 analysts covering Delek US Holdings (NYSE:DK), 5 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 38% are positive. Delek US Holdings has been the topic of 30 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm earned “Sector Outperform” rating on Tuesday, December 15 by Howard Weil. The rating was maintained by Howard Weil with “Sector Perform” on Tuesday, August 30. The stock has “Outperform” rating given by RBC Capital Markets on Thursday, November 5. Citigroup initiated the shares of DK in a report on Wednesday, September 14 with “Buy” rating. Raymond James upgraded the stock to “Outperform” rating in Wednesday, December 16 report. Wells Fargo downgraded Delek US Holdings, Inc. (NYSE:DK) on Wednesday, September 21 to “Market Perform” rating. Deutsche Bank maintained the shares of DK in a report on Tuesday, January 26 with “Hold” rating. On Friday, September 11 the stock rating was initiated by JP Morgan with “Overweight”. As per Friday, August 5, the company rating was maintained by RBC Capital Markets. Piper Jaffray maintained Delek US Holdings, Inc. (NYSE:DK) on Monday, August 22 with “Neutral” rating.

According to Zacks Investment Research, “DELEK US HOLDINGS, INC. is a diversified energy business focused on petroleum refining, marketing and supply of refined products, and retail marketing of fuel and general merchandise.”

Insitutional Activity: The institutional sentiment decreased to 1.18 in Q2 2016. Its down 0.42, from 1.6 in 2016Q1. The ratio is negative, as 32 funds sold all Delek US Holdings, Inc. shares owned while 41 reduced positions. 27 funds bought stakes while 59 increased positions. They now own 55.59 million shares or 6.43% more from 52.23 million shares in 2016Q1.
Moreover, Blackrock Inv Mngmt Lc has 0% invested in Delek US Holdings, Inc. (NYSE:DK) for 253,169 shares. The Massachusetts-based State Street Corp has invested 0% in Delek US Holdings, Inc. (NYSE:DK). Thomas White Ltd accumulated 0% or 135 shares. The Illinois-based First Midwest Financial Bank Trust Division has invested 0.02% in Delek US Holdings, Inc. (NYSE:DK). Sei Investments Company holds 0% or 1,655 shares in its portfolio. Manufacturers Life The accumulated 41,964 shares or 0% of the stock. Jpmorgan Chase, a New York-based fund reported 968,847 shares. Blackrock Institutional Trust Co Na holds 1.60 million shares or 0% of its portfolio. Credit Suisse Ag accumulated 77,238 shares or 0% of the stock. Grantham Mayo Van Otterloo And owns 13,800 shares or 0% of their US portfolio. Kcg Inc, a New Jersey-based fund reported 13,637 shares. American Intll Group Inc accumulated 0% or 35,497 shares. Nationwide Fund Advsrs, a Pennsylvania-based fund reported 114,099 shares. Us National Bank & Trust De accumulated 23,485 shares or 0% of the stock. Cipher Capital L P holds 0.01% or 11,360 shares in its portfolio.

More news for Delek US Holdings, Inc. (NYSE:DK) were recently published by: Businesswire.com, which released: “Delek US Holdings to Host Third Quarter 2016 Conference Call on November 1” on September 23, 2016. Businesswire.com‘s article titled: “Delek US and Delek Logistics Announce CFO Transition Plan” and published on September 02, 2016 is yet another important article.

DK Company Profile

Delek US Holdings, Inc., incorporated on April 10, 2001, 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 Firm operates through three divisions: Refining, Logistics and Retail.

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