Delek US Holdings Inc. (DK) Upgraded to “Hold” at Zacks Investment Research
According to Zacks, “DELEK US HOLDINGS, INC. is a diversified energy business focused on petroleum refining, marketing and supply of refined products, and retail marketing of fuel and general merchandise. “
Other analysts have also issued research reports about the stock. Wells Fargo & Co. restated a buy rating on shares of Delek US Holdings in a research report on Saturday, August 6th. Vetr lowered shares of Delek US Holdings from a hold rating to a sell rating and set a $14.25 target price on the stock. in a research report on Tuesday, August 9th. Piper Jaffray Cos. raised their target price on shares of Delek US Holdings from $10.00 to $13.00 and gave the company a neutral rating in a research report on Monday, August 22nd. RBC Capital Markets reiterated an outperform rating and set a $19.00 price target (up previously from $17.00) on shares of Delek US Holdings in a report on Friday, August 5th. Finally, Simmons reiterated a neutral rating and set a $10.00 price target (up previously from $9.00) on shares of Delek US Holdings in a report on Monday, August 8th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $19.88.
Shares of Delek US Holdings (NYSE:DK) opened at 19.22 on Thursday. The company’s market cap is $1.19 billion. The company has a 50 day moving average of $17.05 and a 200-day moving average of $15.21. 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 issued its earnings results 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 net margin of 4.61% and a negative return on equity of 5.78%. The company earned $1.08 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same quarter in the prior year, the business earned $0.29 EPS. The business’s quarterly revenue was down 16.5% on a year-over-year basis. Analysts forecast that Delek US Holdings will post ($1.69) EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 13th. Stockholders of record on Tuesday, November 22nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend is Friday, November 18th. Delek US Holdings’s payout ratio is -16.22%.
Large investors have recently made changes to their positions in the stock. Old Mutual Global Investors UK Ltd. boosted its stake in shares of Delek US Holdings by 6.0% in the second quarter. Old Mutual Global Investors UK Ltd. now owns 39,161 shares of the company’s stock valued at $517,000 after buying an additional 2,234 shares during the last quarter. Foundry Partners LLC purchased a new stake in shares of Delek US Holdings during the second quarter valued at $217,000. Squarepoint Ops LLC boosted its stake in shares of Delek US Holdings by 213.8% in the first quarter. Squarepoint Ops LLC now owns 68,400 shares of the company’s stock valued at $1,043,000 after buying an additional 46,600 shares during the last quarter. Barclays PLC boosted its stake in shares of Delek US Holdings by 24,546.6% in the first quarter. Barclays PLC now owns 107,952 shares of the company’s stock valued at $1,619,000 after buying an additional 107,514 shares during the last quarter. Finally, Mount Lucas Management LP boosted its stake in shares of Delek US Holdings by 11.4% in the first quarter. Mount Lucas Management LP now owns 31,987 shares of the company’s stock valued at $487,000 after buying an additional 3,274 shares during the last quarter. 90.97% of the stock is owned by institutional investors.
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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