From MarketBeat:
Delek US downgraded to “hold” rating
Delek US was downgraded to a “hold” rating by researchers at StockNews.com. They joined several other brokerages in rating the stock as either neutral or underperform. While one analyst rates the stock as outperform, four others rank it as a sell. The stock’s current consensus rating is “hold”.
Trading activities and stock report
Shares of DK traded down to $26.58 on Wednesday, with a trading volume of 503,770 shares. The company’s average volume is 1,406,458 shares. Delek US has a market capitalization of $1.70 billion with a P/E ratio of 25.08.
Quarterly earnings and insider transactions
Delek US posted $2.02 earnings per share (EPS) for the quarter, surpassing the consensus estimate of $1.36 by $0.66. This prompted Director Laurie Z. Tolson to sell 1,207 shares of the business’s stock in a transaction worth $32,287.25. Multiple insiders have sold the company’s stock in various amounts in the last 90 days.
Institutional trading and company profile
Several hedge funds and other institutional investors have recently added or reduced stakes in Delek US. The company operates in the integrated downstream energy business, consisting of three segments: Refining, Logistics, and Retail. Its recent sales have prompted MarketBeat to provide information on alternatives to investing in Delek US.
MarketBeat’s report on Delek US
MarketBeat has identified five stocks that top analysts recommend over Delek US. Interested subscribers can view the top-rated stocks that are better buys than Delek US. MarketBeat also offers a guide to investing in 5G and 5G stocks that show the most promise.