BidaskClub upgraded shares of Delek US Holdings, Inc. (NYSE:DK) from a sell rating to a hold rating in a research note published on Friday.
DK has been the subject of several other research reports. Scotiabank set a $26.00 target price on shares of Delek US Holdings and gave the stock a hold rating in a research note on Thursday, August 3rd. Wolfe Research upgraded shares of Delek US Holdings from a market perform rating to an outperform rating in a research note on Tuesday, July 25th. Zacks Investment Research lowered shares of Delek US Holdings from a buy rating to a hold rating in a research note on Tuesday, July 18th. Citigroup Inc. downgraded shares of Delek US Holdings from a buy rating to a neutral rating and set a $29.00 price target on the stock. in a report on Friday, July 14th. Finally, Barclays PLC reissued an equal weight rating and issued a $28.00 price target on shares of Delek US Holdings in a report on Wednesday, July 5th. Fifteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $25.07.
Delek US Holdings (NYSE:DK) traded up 3.34% during midday trading on Friday, hitting $22.87. 1,642,690 shares of the company traded hands. The firm’s market capitalization is $1.42 billion. Delek US Holdings has a 12-month low of $14.76 and a 12-month high of $27.85. The stock’s 50-day moving average is $24.60 and its 200-day moving average is $24.48.
Delek US Holdings (NYSE:DK) last posted its 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 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 the consensus estimate of $944.29 million. During the same quarter in the previous year, the company earned ($0.08) EPS. The business’s revenue was up 7.3% compared to the same quarter last year. Analysts anticipate that Delek US Holdings will post ($0.18) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Monday, August 21st. Delek US Holdings’s payout ratio is -25.86%.
In related news, insider Jared Serff sold 1,136 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $26.80, for a total value of $30,444.80. Following the transaction, the insider now directly owns 13,683 shares in the company, valued at $366,704.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Charles H. Leonard sold 1,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $25.48, for a total transaction of $43,316.00. Following the completion of the transaction, the director now owns 20,787 shares in the company, valued at $529,652.76. The disclosure for this sale can be found here. Over the last three months, insiders sold 210,343 shares of company stock worth $5,341,191. Insiders own 1.42% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. First Midwest Bank Trust Division boosted its position in shares of Delek US Holdings by 1.8% in the second quarter. First Midwest Bank Trust Division now owns 13,732 shares of the oil and gas company’s stock worth $365,000 after buying an additional 237 shares during the last quarter. Foresters Investment Management Company Inc. boosted its position in shares of Delek US Holdings by 0.8% in the first quarter. Foresters Investment Management Company Inc. now owns 59,500 shares of the oil and gas company’s stock worth $1,444,000 after buying an additional 500 shares during the last quarter. Virginia Retirement Systems ET AL boosted its position in shares of 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 during the last quarter. Tudor Investment Corp ET AL boosted its position in shares of Delek US Holdings by 15.6% in the first quarter. Tudor Investment Corp ET AL now owns 12,342 shares of the oil and gas company’s stock worth $300,000 after buying an additional 1,666 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of Delek US Holdings by 5.7% in the second quarter. GSA Capital Partners LLP now owns 35,100 shares of the oil and gas company’s stock worth $928,000 after buying an additional 1,900 shares during the last quarter. Institutional investors and hedge funds 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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