Delek US Holdings Inc. (DK) Stock Rating Lowered by Wolfe Research
Delek US Holdings Inc. (NYSE:DK) was downgraded by research analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a report released on Monday. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on DK. Vetr cut shares of Delek US Holdings from a “strong-buy” rating to a “buy” rating and set a $14.25 price objective on the stock. in a report on Tuesday, July 19th. Royal Bank Of Canada raised their price objective on shares of Delek US Holdings from $17.00 to $19.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. Barclays PLC raised their price objective on shares of Delek US Holdings from $15.00 to $16.00 and gave the stock an “equal weight” rating in a 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, RBC Capital Markets reissued an “outperform” rating and set a $19.00 price objective (up previously from $17.00) on shares of Delek US Holdings in a report on Friday, August 5th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $19.88.
Shares of Delek US Holdings (NYSE:DK) opened at 18.39 on Monday. The company’s 50-day moving average is $16.90 and its 200-day moving average is $15.15. The stock’s market capitalization is $1.14 billion. Delek US Holdings has a one year low of $11.41 and a one year high of $28.66.
Delek US Holdings (NYSE:DK) last released its quarterly earnings data on Monday, October 31st. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by $0.09. Delek US Holdings had a negative return on equity of 5.78% and a negative net margin of 4.61%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period in the previous year, the business posted $0.29 EPS. The firm’s revenue for the quarter was down 16.5% compared to the same quarter last year. On average, equities research analysts anticipate that Delek US Holdings will post ($1.48) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 13th. Investors of record on Tuesday, November 22nd will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, November 18th. This represents a $0.60 annualized dividend and a dividend yield of 3.26%. Delek US Holdings’s dividend payout ratio is presently -16.22%.
Several large investors have recently added to or reduced their stakes in DK. BlackRock Inc. raised its stake in Delek US Holdings by 81.4% in the first quarter. BlackRock Inc. now owns 7,420 shares of the company’s stock valued at $113,000 after buying an additional 3,329 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Delek US Holdings during the third quarter valued at approximately $149,000. Hsbc Holdings PLC acquired a new stake in Delek US Holdings during the second quarter valued at approximately $138,000. Bayesian Capital Management LP acquired a new stake in Delek US Holdings during the first quarter valued at approximately $164,000. Finally, Tower Research Capital LLC TRC raised its stake in Delek US Holdings by 3,358.7% in the second quarter. Tower Research Capital LLC TRC now owns 10,791 shares of the company’s stock valued at $142,000 after buying an additional 10,479 shares in the last quarter. Institutional investors and hedge funds own 90.97% of the company’s stock.
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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