Delek US Holdings (DK) is Upgraded by BofA/Merrill to Buy

Delek US Holdings (DK) is Upgraded by BofA/Merrill to Buy , according to the research report released to the investors. Earlier the firm had a rating of Neutral on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

Delek US Holdings, Inc. has dropped 12.27% during the last 3-month period . Year-to-Date the stock performance stands at -7.83%.

Delek US Holdings, Inc. (NYSE:DK) has lost 1.8% during the past week and dropped 11% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 0.98%. Delek US Holdings, Inc. (NYSE:DK) has underperformed the index by 8.92% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Delek US Holdings, Inc. (NYSE:DK) : On Thursday heightened volatility was witnessed in Delek US Holdings, Inc. (NYSE:DK) which led to swings in the share price. The shares opened for trading at $24.27 and hit $24.75 on the upside , eventually ending the session at $24.6, with a gain of 0.49% or 0.12 points. The heightened volatility saw the trading volume jump to 709,876 shares. The 52-week high of the share price is $41.15 and the company has a market cap of $1,530 million. The 52-week low of the share price is at $22.11 .

Currently the company Insiders own 1.3% of Delek US Holdings, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 10.02% . Institutional Investors own 91.46% of Delek US Holdings, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -7.39%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The Securities and Exchange Commission has divulged in a Form 4 filing that the director of Delek Us Holdings, Inc., Finnerty William J had purchased shares worth of $26,200 in a transaction dated on November 11, 2015. A total of 1,000 shares were purchased at a price of $26.2 per share. The information is based on open market trades at the market prices.Option exercises are not covered.

Delek US Holdings, Inc. (Delek) is an integrated energy business focused on petroleum refining, the wholesale distribution of refined products and convenience store retailing. Delek business consists of three operating segments: refining, marketing and retail. On February 7, 2012, Delek, through its marketing segment purchased (Big Sandy Acquisition) a light petroleum products terminal located in Big Sandy, Texas, the underlying real property, and other related assets from Sunoco Partners Marketing & Terminals L.P., and the eight inch diameter Hopewell-Big Sandy Pipeline originating at Hopewell Junction, Texas and terminating at the Big Sandy Station in Big Sandy, Texas from Sunoco Pipeline L.P. In February 2014, Delek Logistics Partners LP announced that a subsidiary acquired from a subsidiary of Delek US Holdings Inc certain storage tanks and the products terminal located at Delek US El Dorado, Arkansas refinery.