Delek US Holdings Inc. (DK) Earns Equal Weight Rating from Barclays PLC
Delek US Holdings Inc. (NYSE:DK)‘s stock had its “equal weight” rating reissued by stock analysts at Barclays PLC in a note issued to investors on Monday. They presently have a $19.00 price objective on the stock, up from their prior price objective of $16.00. Barclays PLC’s target price suggests a potential upside of 6.50% from the stock’s current price.
Several other research analysts have also issued reports on DK. Wells Fargo & Co. reissued a “buy” rating on shares of Delek US Holdings in a research report on Saturday, July 9th. Vetr lowered shares of Delek US Holdings from a “strong-buy” rating to a “buy” rating and set a $14.25 price target for the company. in a research report on Wednesday, August 3rd. RBC Capital Markets reissued an “outperform” rating and issued a $19.00 price target (up previously from $17.00) on shares of Delek US Holdings in a research report on Friday, August 5th. JPMorgan Chase & Co. raised their price objective on shares of Delek US Holdings from $12.00 to $14.00 and gave the stock a “neutral” rating in a report on Friday, August 5th. Finally, Piper Jaffray Cos. raised their price objective on shares of Delek US Holdings from $10.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, August 22nd. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $19.74.
Delek US Holdings (NYSE:DK) traded up 2.88% on Monday, hitting $17.84. The company’s stock had a trading volume of 697,571 shares. The company’s market capitalization is $1.10 billion. The company has a 50 day moving average price of $17.46 and a 200-day moving average price of $14.89. Delek US Holdings has a 1-year low of $11.41 and a 1-year high of $29.90.
Delek US Holdings (NYSE:DK) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.18. Delek US Holdings had a negative net margin of 0.90% and a negative return on equity of 0.87%. On average, equities analysts forecast that Delek US Holdings will post ($1.40) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Tuesday, August 23rd were paid a $0.15 dividend. The ex-dividend date was Friday, August 19th. This represents a $0.60 dividend on an annualized basis and a yield of 3.36%. Delek US Holdings’s payout ratio is presently -75.00%.
A number of institutional investors have recently made changes to their positions in the stock. Deprince Race & Zollo Inc. acquired a new position in shares of Delek US Holdings during the second quarter worth about $36,729,000. Bogle Investment Management L P DE acquired a new position in shares of Delek US Holdings during the first quarter worth about $11,671,000. UBS Group AG boosted its position in shares of Delek US Holdings by 368.4% in the first quarter. UBS Group AG now owns 155,045 shares of the company’s stock worth $2,363,000 after buying an additional 121,947 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Delek US Holdings by 28.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 57,485 shares of the company’s stock worth $876,000 after buying an additional 12,818 shares during the last quarter. Finally, A.R.T. Advisors LLC acquired a new position in shares of Delek US Holdings during the first quarter worth about $1,704,000. 92.18% of the stock is currently 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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