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 research firms also recently commented on DK. Citigroup Inc. initiated coverage on shares of Delek US Holdings in a research note on Wednesday, September 14th. They set a buy rating and a $23.00 price objective for the company. Vetr cut Delek US Holdings from a strong-buy rating to a buy rating and set a $14.25 target price for the company. in a report on Tuesday, July 19th. Piper Jaffray Cos. boosted their target price on Delek US Holdings from $10.00 to $13.00 and gave the stock a neutral rating in a report on Monday, August 22nd. Barclays PLC cut Delek US Holdings from an overweight rating to an equal weight rating and decreased their target price for the stock from $20.00 to $15.00 in a report on Wednesday, July 13th. Finally, Scotiabank cut Delek US Holdings from an outperform rating to a sector perform rating and decreased their target price for the stock from $22.00 to $15.00 in a report on Monday, July 11th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $19.57.
Shares of Delek US Holdings (NYSE:DK) opened at 17.34 on Wednesday. Delek US Holdings has a one year low of $11.41 and a one year high of $29.90. The company has a 50-day moving average of $17.45 and a 200 day moving average of $14.90. The firm’s market cap is $1.07 billion.
Delek US Holdings (NYSE:DK) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.18. Delek US Holdings had a negative net margin of 0.90% and a negative return on equity of 0.87%. On average, equities research analysts expect that Delek US Holdings will post ($1.40) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Tuesday, August 23rd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend was Friday, August 19th. Delek US Holdings’s dividend payout ratio is currently -75.00%.
A number of large investors have recently modified their holdings of DK. BlackRock Inc. raised its stake in shares of Delek US Holdings by 81.4% in the first quarter. BlackRock Inc. now owns 7,420 shares of the company’s stock valued at $113,000 after buying an additional 3,329 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Delek US Holdings during the second quarter valued at $138,000. Tower Research Capital LLC TRC raised its stake in shares of Delek US Holdings by 3,358.7% in the second quarter. Tower Research Capital LLC TRC now owns 10,791 shares of the company’s stock valued at $142,000 after buying an additional 10,479 shares in the last quarter. Bayesian Capital Management LP bought a new stake in shares of Delek US Holdings during the first quarter valued at $164,000. Finally, First Midwest Bank Trust Division bought a new stake in shares of Delek US Holdings during the second quarter valued at $176,000. 92.18% of the stock is currently owned by hedge funds and other institutional investors.
About Delek US Holdings
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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