Delek US Holdings Inc. (DK) rating downgrades by Goldman


Delek US Holdings Inc.’s recent filing unveils that its Director Tolson Laurie Z. unloaded Company’s shares for reported $72009.0 on Aug 25. In the deal valued at $26.67 per share,2,700 shares were sold. As a result of this transaction, Tolson Laurie Z. now holds 12,340 shares worth roughly $ 0.33 million.

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Then, Soreq Avigal bought 6,775 shares, generating $153,318 in total proceeds. Upon buying the shares at $22.63, the President & CEO now owns 94,400 shares.

Before that, Spiegel Reuven bought 2,000 shares. Delek US Holdings Inc. shares valued at $45,200 were divested by the CFO at a price of $22.60 per share. As a result of the transaction, Spiegel Reuven now holds 33,148 shares, worth roughly $0.89 million.

Goldman downgraded its Delek US Holdings Inc. [DK] rating to a Neutral from a a Buy in a research note published on Friday, March 29, 2023; the price target was decreased to $24 from $33. PT values the company’s stock at a premium of -12.37 to its Friday closing price.

Price Performance Review of DK

On Friday, Delek US Holdings Inc. [NYSE:DK] saw its stock jump 4.74% to $26.97. On the same session, the stock had its day’s lowest price of $26.17, but rose to a high of $27.19. Over the last five days, the stock has gained 0.52%. Delek US Holdings Inc. shares have fallen nearly -0.11% since the year began. Nevertheless, the stocks have fallen -4.53% over the past one year. While a 52-week high of $35.45 was reached on 08/09/23, a 52-week low of $19.39 was recorded on 05/04/23. SMA at 50 days reached $25.68, while 200 days put it at $25.18. A total of 0.88 million shares were traded, compared to the trading of 1.06 million shares in the previous session.

Levels Of Support And Resistance For DK Stock

The 24-hour chart illustrates a support level at 26.36, which if violated will result in even more drops to 25.76. On the upside, there is a resistance level at 27.38. A further resistance level may holdings at 27.80. The Relative Strength Index (RSI) on the 14-day chart is 53.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.11%. Stochastics %K at 30.36% indicates the stock is a holding.

How much short interest is there in Delek US Holdings Inc.?

A steep rise in short interest was recorded in Delek US Holdings Inc. stocks on Aug 14, 2023, dropping by -0.74 million shares to a total of 7.4 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 8.14 million shares. There was a decline of -10.0%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 13.31% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.71.

Delek US Holdings Inc. [DK] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 7,674,557 shares, or roughly 11.68% of the outstanding DK shares. In other words, the investor’s shares have fallen by -386,436 from its previous 13-F filing of 8060993.0. Additionally, BlackRock Fund Advisors increased 5.30% of its stake after which the total value it holdings stand at $123,952,103, while SSgA Funds Management, Inc. reduced -1.11% of its stake to hold $110.13 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 82,982 shares of Delek US Holdings Inc., while Ion Asset Management bought 13,837 shares. At present, Victory Capital Management, Inc. is holding 2,643,849 shares valued at $72.94 million. DePrince, Race & Zollo, Inc. owned 2,095,632 shares of the company at the time of its most recent 13F filing, worth $57.82 million.

According to FactSet, Delek US Holdings Inc.’s share price will average $28.77 in the next year, based on opinions of analysts polled by the firm. This is up nearly 4.85 percent from its previous closing price of $25.75. Analysts expect Delek US Holdings Inc. stock to reach the higher price of $56.00, while the lowest price estimate is $19.00. However, 13 analysts have rated DK stock as a Hold in their predictions for 2023.


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