Delek US Holdings, Inc. (DK) Upgraded by BidaskClub to Strong-Buy

Delek US Holdings, Inc. (NYSE:DK) was upgraded by research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Tuesday.

A number of other brokerages also recently issued reports on DK. Citigroup Inc. reissued a “buy” rating and set a $29.00 price objective (down from $32.00) on shares of Delek US Holdings in a research report on Saturday, April 22nd. Credit Suisse Group downgraded shares of Delek US Holdings from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $28.00 to $26.00 in a research report on Friday, March 24th. Goldman Sachs Group, Inc. (The) raised shares of Delek US Holdings from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $26.00 to $30.00 in a research report on Tuesday, May 16th. Scotiabank reissued a “hold” rating and set a $26.00 price objective on shares of Delek US Holdings in a research report on Tuesday, April 11th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $32.00 price objective on shares of Delek US Holdings in a research report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Delek US Holdings has an average rating of “Hold” and an average target price of $21.15.

Analyst Recommendations for Delek US Holdings (NYSE:DK)

Delek US Holdings (NYSE:DK) traded down 3.30% during midday trading on Tuesday, reaching $25.82. 599,675 shares of the company’s stock were exchanged. Delek US Holdings has a 12-month low of $11.41 and a 12-month high of $27.82. The firm has a 50-day moving average price of $25.30 and a 200 day moving average price of $24.05. The company’s market cap is $1.60 billion.

Delek US Holdings (NYSE:DK) last posted its quarterly earnings results on Monday, May 8th. The oil and gas company reported $0.16 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.33) by $0.49. Delek US Holdings had a negative net margin of 2.37% and a negative return on equity of 2.83%. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $897.24 million. During the same period in the prior year, the business posted ($0.86) EPS. The firm’s revenue was up 33.4% compared to the same quarter last year. On average, analysts expect that Delek US Holdings will post $0.08 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Tuesday, May 23rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend was Friday, May 19th. Delek US Holdings’s dividend payout ratio is presently -32.97%.

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In other news, CFO Assi Ginzburg sold 20,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $26.00, for a total value of $520,000.00. Following the sale, the chief financial officer now directly owns 103,367 shares of the company’s stock, valued at approximately $2,687,542. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Ezra Uzi Yemin sold 202,806 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $25.41, for a total transaction of $5,153,300.46. Following the completion of the sale, the chairman now directly owns 344,890 shares in the company, valued at $8,763,654.90. The disclosure for this sale can be found here. Insiders sold a total of 237,209 shares of company stock worth $6,041,652 over the last ninety days. Insiders own 1.42% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in DK. Ameritas Investment Partners Inc. acquired a new stake in Delek US Holdings during the first quarter worth $129,000. Janus Capital Management LLC acquired a new stake in Delek US Holdings during the fourth quarter worth $212,000. Virginia Retirement Systems ET AL increased its stake in Delek US Holdings by 6.3% in the first quarter. Virginia Retirement Systems ET AL now owns 9,145 shares of the oil and gas company’s stock worth $222,000 after buying an additional 545 shares in the last quarter. Clinton Group Inc. acquired a new stake in Delek US Holdings during the first quarter worth $230,000. Finally, Ellington Management Group LLC acquired a new stake in Delek US Holdings during the fourth quarter worth $233,000. 96.76% of the stock is currently owned by hedge funds and other institutional investors.

Delek US Holdings Company Profile

Delek US Holdings, Inc is an integrated downstream energy business focused on petroleum refining and the transportation, storage and wholesale of crude oil, intermediate and refined products. The Company operates through two segments: Refining and Logistics. The Company’s refining segment operates independent refineries in Tyler, Texas (the Tyler refinery) and El Dorado, Arkansas (the El Dorado refinery).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DK”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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