Brokerages Set Delek US Holdings Inc. (NYSE:DK) PT at $19.72
Shares of Delek US Holdings Inc. (NYSE:DK) have been given a consensus rating of “Hold” by the twenty-two ratings firms that are covering the firm. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $19.72.
DK has been the topic of several research reports. Vetr cut Delek US Holdings from a “strong-buy” rating to a “buy” rating and set a $14.25 price target on the stock. in a report on Wednesday, August 3rd. Howard Weil upped their price target on Delek US Holdings from $15.00 to $18.00 and gave the company a “sector perform” rating in a report on Tuesday, August 30th. Wells Fargo & Co. cut Delek US Holdings from an “outperform” rating to a “market perform” rating and set a $18.00 price target on the stock. in a report on Wednesday, September 21st. Raymond James Financial Inc. upped their price target on Delek US Holdings from $20.00 to $21.00 and gave the company a “hold” rating in a report on Thursday, September 15th. Finally, Credit Suisse Group AG reiterated a “buy” rating and set a $17.00 price objective on shares of Delek US Holdings in a research report on Thursday, July 14th.
Shares of Delek US Holdings (NYSE:DK) opened at 17.29 on Friday. The stock’s 50 day moving average price is $17.33 and its 200 day moving average price is $14.83. The firm’s market cap is $1.07 billion. Delek US Holdings has a 12-month low of $11.41 and a 12-month high of $29.90.
Delek US Holdings (NYSE:DK) last announced its earnings results on Wednesday, August 3rd. The company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.18. Delek US Holdings had a negative return on equity of 0.87% and a negative net margin of 0.90%. On average, equities research analysts predict that Delek US Holdings will post ($1.40) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Tuesday, August 23rd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Friday, August 19th. Delek US Holdings’s dividend payout ratio is -75.00%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DK. Deprince Race & Zollo Inc. purchased a new position in Delek US Holdings during the second quarter worth $36,729,000. Emerald Acquisition Ltd. bought a new position in shares of Delek US Holdings during the second quarter worth approximately $16,852,000. Bogle Investment Management L P DE bought a new position in shares of Delek US Holdings during the first quarter worth approximately $11,671,000. JPMorgan Chase & Co. raised its position in shares of Delek US Holdings by 88.3% in the first quarter. JPMorgan Chase & Co. now owns 1,610,152 shares of the company’s stock worth $24,539,000 after buying an additional 755,054 shares in the last quarter. Finally, State Street Corp raised its position in shares of Delek US Holdings by 29.5% in the second quarter. State Street Corp now owns 2,451,996 shares of the company’s stock worth $32,391,000 after buying an additional 558,240 shares in the last quarter. 92.18% of the stock is owned by hedge funds and other institutional investors.
About Delek US Holdings
Delek US Holdings, Inc 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 Company operates through three segments: Refining, Logistics and Retail. Its Refining Segment operates independent refineries in Tyler, Texas, and El Dorado, Arkansas with a combined design crude distillation capacity of approximately 155,000 barrels per day (bpd).
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