Market Outperform - Price 4.88 on Nov. 11
by Avondale Partners

Petroleum-refiner DK's EPS of 47 cents topped our 18-cent estimate and consensus 38 cents. We're reiterating Market Outperform rating, [but] lowering our price target to 9. Q3 performance [was] driven primarily by increased margins at both refining and retail...lower gasoline prices will benefit the retail side, where DK continues to increase margins...DK shares [are] off nearly 50% since Oct. 1; the current price includes essentially zero value for the Tyler (Texas) refinery. While there will be challenges...[we see value in DK's refinery, and] continue to see this well-run, diversified company as an attractive investment at current levels. Market cap: $265 million.

Overview
http://www.delekus.com/factsheet.php

Delek US is a diversified energy business currently focused on petroleum refining, marketing and supply, and retail marketing.
Delek US is headquartered near Nashville, Tenn. A majority of the company's stock is indirectly owned by Delek Group Ltd., a conglomerate whose core business is fuel supply. Delek Group Ltd. is based in Israel, where it is publicly traded on the Tel Aviv Stock Exchange.
The company operates a refinery in Tyler, Texas, that produces and sells a full range of gasoline, diesel, aviation fuels and petrochemicals.
The company operates a refined product market and supply business in west Texas, selling approximately 21,000 barrels per day.
The company's retail operations are made up of a network of more than 500 company-operated retail fuel and convenience stores that market gasoline, diesel and other petroleum products as well as convenience merchandise and food. The company's primary brand is MAPCO Express®. The company's other brands are MAPCO Mart®, East Coast®, Fast Food and Fuel, Favorite Markets, and Discount Food Mart™.

100 shares @ 22.90 into good earnings quick hit play
huge growth might keep it but will take some money off it goes up 10% in two days.

price of oil is going up

Downgraded by HSBC Securities from Neutral to Underweight

PE 14

Broker's instruction

refiner

Low price/earnings yield ratio high return on capital

Ratings change:EQUAL-WEIGHT, Price target: USD 15-16

underperform