Delek US Holdings’ (DK) Buy Rating Reiterated at 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 issued to investors on Wednesday morning. The firm currently has a $35.00 price target on the oil and gas company’s stock.
Several other equities analysts have also issued reports on DK. BidaskClub lowered Delek US Holdings from a hold rating to a sell rating in a research note on Monday, August 14th. Cowen and Company reiterated a buy rating and issued a $30.00 price target on shares of Delek US Holdings in a research note on Tuesday. Citigroup Inc. restated a hold rating and set a $27.00 price objective (down previously from $29.00) on shares of Delek US Holdings in a research report on Wednesday. Zacks Investment Research upgraded Delek US Holdings from a hold rating to a buy rating and set a $30.00 price objective on the stock in a research report on Monday, October 16th. Finally, Tudor Pickering restated a hold rating on shares of Delek US Holdings in a research report on Wednesday, July 12th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of $29.10.
Shares of Delek US Holdings (DK) traded up 1.31% during mid-day trading on Wednesday, hitting $25.56. The stock had a trading volume of 451,576 shares. Delek US Holdings has a 52 week low of $14.76 and a 52 week high of $27.85. The firm’s market cap is $2.08 billion. The stock has a 50 day moving average price of $25.92 and a 200 day moving average price of $25.01.
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. Equities research analysts expect that Delek US Holdings will post $0.29 EPS for the current fiscal year.
In other Delek US Holdings news, insider Anthony L. Miller sold 1,509 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $26.28, for a total value of $39,656.52. Following the sale, the insider now owns 11,370 shares in the company, valued at approximately $298,803.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel L. Gordon sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $26.16, for a total value of $26,160.00. Following the completion of the sale, the insider now owns 18,572 shares in the company, valued at approximately $485,843.52. The disclosure for this sale can be found here. Insiders have sold a total of 10,027 shares of company stock worth $249,830 in the last 90 days. 1.61% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fisher Asset Management LLC bought a new stake in shares of Delek US Holdings in the 3rd quarter valued at about $2,867,000. Alpha Windward LLC grew its position in shares of Delek US Holdings by 25.2% in the 3rd quarter. Alpha Windward LLC now owns 22,080 shares of the oil and gas company’s stock valued at $590,000 after buying an additional 4,440 shares during the last quarter. Shell Asset Management Co. grew its position in shares of Delek US Holdings by 34.3% in the 3rd quarter. Shell Asset Management Co. now owns 77,974 shares of the oil and gas company’s stock valued at $2,582,000 after buying an additional 19,931 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Delek US Holdings by 42.8% in 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 buying an additional 9,538 shares during the last quarter. Finally, Piedmont Investment Advisors LLC grew its position in shares of Delek US Holdings by 43.4% in 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 buying an additional 11,080 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.
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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