Delek US Holdings, Inc. (DK) Upgraded to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of Delek US Holdings, Inc. (NYSE:DK) from a hold rating to a buy rating in a research report report published on Monday morning. The firm currently has $30.00 price objective on the oil and gas company’s stock.
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. “
A number of other equities research analysts have also recently commented on the company. Royal Bank Of Canada reissued a buy rating and set a $32.00 price target on shares of Delek US Holdings in a report on Friday, September 8th. Scotiabank reissued a hold rating and set a $26.00 price target on shares of Delek US Holdings in a report on Friday, September 8th. BidaskClub raised Delek US Holdings from a sell rating to a hold rating in a report on Friday, August 25th. Cowen and Company reissued a buy rating and set a $30.00 price target on shares of Delek US Holdings in a report on Thursday, August 17th. Finally, Wolfe Research raised Delek US Holdings from a market perform rating to an outperform rating in a report on Tuesday, July 25th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Delek US Holdings currently has a consensus rating of Hold and an average price target of $29.00.
Shares of Delek US Holdings (NYSE:DK) traded up 0.156% during trading on Monday, reaching $26.371. The company’s stock had a trading volume of 123,012 shares. The company has a 50 day moving average of $25.82 and a 200 day moving average of $24.96. The company’s market cap is $2.15 billion. Delek US Holdings has a 12-month low of $14.76 and a 12-month high of $27.85.
Delek US Holdings (NYSE:DK) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.37). The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $944.29 million. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. Delek US Holdings’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.08) earnings per share. On average, analysts anticipate that Delek US Holdings will post $0.28 EPS for the current fiscal year.
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In other Delek US Holdings news, insider Anthony L. Miller sold 1,509 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $26.28, for a total transaction of $39,656.52. Following the sale, the insider now directly owns 11,370 shares of the company’s stock, valued at $298,803.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Charles H. Leonard sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $22.10, for a total value of $55,250.00. Following the sale, the director now directly owns 23,035 shares in the company, valued at $509,073.50. The disclosure for this sale can be found here. Insiders sold 10,027 shares of company stock worth $249,830 over the last ninety days. Insiders own 1.61% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. bought a new stake in Delek US Holdings during the first quarter worth approximately $129,000. Amalgamated Bank bought a new stake in Delek US Holdings during the second quarter worth approximately $207,000. Airain ltd bought a new stake in Delek US Holdings during the second quarter worth approximately $244,000. SG Americas Securities LLC bought a new stake in Delek US Holdings during the second quarter worth approximately $245,000. Finally, Invictus RG increased its stake in Delek US Holdings by 548.9% during the first quarter. Invictus RG now owns 10,278 shares of the oil and gas company’s stock worth $249,000 after acquiring an additional 8,694 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.
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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