Delek US Holdings, Inc. (DK) Stock Rating Reaffirmed by Royal Bank Of Canada
Royal Bank Of Canada restated their buy rating on shares of Delek US Holdings, Inc. (NYSE:DK) in a research note published on Friday morning. They currently have a $32.00 price target on the oil and gas company’s stock.
Other equities analysts have also issued research reports about the company. Tudor Pickering reiterated a hold rating on shares of Delek US Holdings in a research note on Wednesday, July 12th. ValuEngine upgraded Delek US Holdings from a sell rating to a hold rating in a research note on Friday, June 2nd. Goldman Sachs Group, Inc. (The) upgraded Delek US Holdings from a neutral rating to a buy rating and lifted their price target for the company from $26.00 to $30.00 in a research note on Tuesday, May 16th. BidaskClub lowered Delek US Holdings from a hold rating to a sell rating in a research note on Monday, August 14th. Finally, Scotiabank set a $26.00 price target on Delek US Holdings and gave the company a hold rating in a research note on Monday, June 26th. Thirteen research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $26.38.
Delek US Holdings (NYSE DK) opened at 25.92 on Friday. Delek US Holdings has a 1-year low of $14.76 and a 1-year high of $27.85. The firm’s market cap is $1.61 billion. The firm has a 50-day moving average price of $24.12 and a 200-day moving average price of $24.68.
Delek US Holdings (NYSE:DK) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.37. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $944.29 million. During the same quarter in the previous year, the business posted ($0.08) EPS. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts expect that Delek US Holdings will post $0.03 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.31%. The ex-dividend date is Monday, August 21st. Delek US Holdings’s dividend payout ratio (DPR) is -25.86%.
In other Delek US Holdings news, Director Charles H. Leonard sold 2,500 shares of Delek US Holdings stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $22.10, for a total transaction of $55,250.00. Following the transaction, the director now directly owns 23,035 shares of the company’s stock, valued at approximately $509,073.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jared Serff sold 1,136 shares of Delek US Holdings stock in a transaction dated Friday, June 30th. The stock was sold at an average price of $26.80, for a total value of $30,444.80. Following the transaction, the insider now directly owns 13,683 shares in the company, valued at $366,704.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,349 shares of company stock worth $105,445. 1.61% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio acquired a new position in Delek US Holdings during the 1st quarter worth about $737,000. Teachers Retirement System of The State of Kentucky acquired a new position in Delek US Holdings during the 1st quarter worth about $11,164,000. Canada Pension Plan Investment Board lifted its holdings in Delek US Holdings by 51.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 242,900 shares of the oil and gas company’s stock worth $6,422,000 after buying an additional 82,600 shares during the period. Clinton Group Inc. acquired a new position in Delek US Holdings during the 1st quarter worth about $230,000. Finally, Bank of Montreal Can lifted its holdings in Delek US Holdings by 42.2% during the 1st quarter. Bank of Montreal Can now owns 31,228 shares of the oil and gas company’s stock worth $758,000 after buying an additional 9,266 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.
About Delek US Holdings
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
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