Delek US Holdings Inc. (dk) To Go Ex-Dividend on November 18th
Delek US Holdings Inc. (NYSE:dk) declared a quarterly dividend on Tuesday, November 1st. Investors of record on Tuesday, November 22nd will be paid a dividend of 0.15 per share on Tuesday, December 13th. This represents a $0.60 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Friday, November 18th.
Delek US Holdings (NYSE:DK) opened at 18.00 on Friday. The company’s market capitalization is $1.11 billion. The company’s 50-day moving average price is $16.90 and its 200-day moving average price is $15.15. Delek US Holdings has a 52 week low of $11.41 and a 52 week high of $28.66.
Delek US Holdings (NYSE:DK) last posted its earnings results on Monday, October 31st. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.09) by $0.09. Delek US Holdings had a negative net margin of 4.61% and a negative return on equity of 5.78%. The firm earned $1.08 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the company posted $0.29 EPS. Delek US Holdings’s revenue for the quarter was down 16.5% compared to the same quarter last year. On average, equities analysts forecast that Delek US Holdings will post ($1.51) EPS for the current fiscal year.
A number of hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Delek US Holdings during the third quarter worth $149,000. Hsbc Holdings PLC acquired a new stake in shares of Delek US Holdings during the second quarter worth $138,000. Paloma Partners Management Co acquired a new stake in shares of Delek US Holdings during the second quarter worth $193,000. KCG Holdings Inc. increased its stake in shares of Delek US Holdings by 9.0% in the third quarter. KCG Holdings Inc. now owns 14,864 shares of the company’s stock worth $257,000 after buying an additional 1,227 shares during the last quarter. Finally, Pacad Investment Ltd. acquired a new stake in shares of Delek US Holdings during the second quarter worth $230,000. Hedge funds and other institutional investors own 91.38% of the company’s stock.
DK has been the topic of a number of analyst reports. Zacks Investment Research downgraded Delek US Holdings from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. Citigroup Inc. initiated coverage on Delek US Holdings in a research report on Wednesday, September 14th. They set a “buy” rating and a $23.00 price target on the stock. Piper Jaffray Cos. increased their price target on Delek US Holdings from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, September 16th. Howard Weil increased their price target on Delek US Holdings from $15.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 30th. Finally, Raymond James Financial Inc. increased their price target on Delek US Holdings from $20.00 to $21.00 and gave the stock a “hold” rating in a research report on Thursday, September 15th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.88.
Delek US Holdings Company Profile
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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