Delek US Holdings, Inc. (DK) Given Average Recommendation of “Hold” by Analysts
Shares of Delek US Holdings, Inc. (NYSE:DK) have earned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Ten investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $28.89.
A number of brokerages have recently issued reports on DK. BidaskClub downgraded shares of Delek US Holdings from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Tudor Pickering reaffirmed a “hold” rating on shares of Delek US Holdings in a research report on Wednesday, July 12th. Cowen and Company reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Delek US Holdings in a research report on Thursday, August 17th. Zacks Investment Research downgraded shares of Delek US Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, Citigroup Inc. downgraded shares of Delek US Holdings from a “buy” rating to a “neutral” rating and set a $29.00 price objective on the stock. in a research report on Friday, July 14th.
In other Delek US Holdings news, insider Anthony L. Miller sold 1,509 shares of Delek US Holdings stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $26.28, for a total transaction of $39,656.52. Following the completion of the sale, the insider now directly owns 11,370 shares in the company, valued at approximately $298,803.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Donald Norman Holmes sold 1,018 shares of Delek US Holdings stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $25.19, for a total transaction of $25,643.42. Following the sale, the insider now owns 30,989 shares of the company’s stock, valued at $780,612.91. The disclosure for this sale can be found here. Insiders sold a total of 10,027 shares of company stock valued at $249,830 over the last quarter. 1.61% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio lifted its stake in Delek US Holdings by 42.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 31,803 shares of the oil and gas company’s stock valued at $841,000 after acquiring an additional 9,538 shares during the period. Piedmont Investment Advisors LLC lifted its stake in Delek US Holdings by 43.4% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 36,599 shares of the oil and gas company’s stock valued at $968,000 after acquiring an additional 11,080 shares during the period. Bank of Nova Scotia acquired a new stake in Delek US Holdings during the 2nd quarter valued at approximately $9,489,000. Tower Research Capital LLC TRC acquired a new stake in Delek US Holdings during the 2nd quarter valued at approximately $573,000. Finally, Cubist Systematic Strategies LLC lifted its stake in Delek US Holdings by 544.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 54,657 shares of the oil and gas company’s stock valued at $1,445,000 after acquiring an additional 46,171 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.
Shares of Delek US Holdings (DK) traded up 0.34% on Wednesday, hitting $26.61. 419,781 shares of the stock traded hands. Delek US Holdings has a 52-week low of $14.76 and a 52-week high of $27.85. The stock’s market cap is $2.17 billion. The stock’s 50 day moving average price is $24.72 and its 200 day moving average price is $24.88.
Delek US Holdings (NYSE:DK) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.37). Delek US Holdings had a negative return on equity of 4.60% and a negative net margin of 3.15%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $944.29 million. During the same period in the previous year, the firm earned ($0.08) EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities analysts expect that Delek US Holdings will post $0.21 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Monday, August 21st. Delek US Holdings’s dividend payout ratio (DPR) is presently -25.86%.
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Delek US Holdings Company Profile
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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