Royal Bank Of Canada reiterated their buy rating on shares of Delek US Holdings, Inc. (NYSE:DK) in a report released on Friday morning. They currently have a $32.00 price objective on the oil and gas company’s stock.
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. Tudor Pickering reiterated a hold rating on shares of Delek US Holdings in a research note on Wednesday, July 12th. 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. BidaskClub upgraded shares of Delek US Holdings from a buy rating to a strong-buy rating in a research note on Sunday, July 2nd. Finally, J P Morgan Chase & Co reiterated a neutral rating and set a $28.00 target price on shares of Delek US Holdings in a research note on Tuesday, July 11th. Thirteen research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $26.38.
Delek US Holdings (NYSE:DK) opened at 25.66 on Friday. Delek US Holdings has a one year low of $14.76 and a one year high of $27.85. The stock has a 50 day moving average price of $24.20 and a 200 day moving average price of $24.65. The firm’s market cap is $1.59 billion.
Delek US Holdings (NYSE:DK) last announced its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share for the quarter, missing the 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 business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $944.29 million. During the same quarter last year, the company posted ($0.08) EPS. Delek US Holdings’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts expect that Delek US Holdings will post ($0.06) EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $0.60 dividend on an annualized basis and a yield of 2.34%. Delek US Holdings’s payout ratio is currently -25.86%.
In other news, Director Charles H. Leonard sold 2,500 shares of Delek US Holdings stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $22.10, for a total transaction of $55,250.00. Following the completion of the sale, the director now directly owns 23,035 shares in the company, valued at approximately $509,073.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Jared Serff sold 1,136 shares of Delek US Holdings stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $26.80, for a total transaction of $30,444.80. Following the sale, the insider now owns 13,683 shares of the company’s stock, valued at $366,704.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,149 shares of company stock valued at $126,989. 1.61% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of DK. Ameritas Investment Partners Inc. acquired a new stake in shares of Delek US Holdings during the 1st quarter valued at approximately $129,000. Amalgamated Bank acquired a new stake in shares of Delek US Holdings during the 2nd quarter valued at approximately $207,000. Virginia Retirement Systems ET AL lifted its position in shares of Delek US Holdings by 6.3% during the 1st quarter. Virginia Retirement Systems ET AL now owns 9,145 shares of the oil and gas company’s stock valued at $222,000 after acquiring an additional 545 shares during the period. Clinton Group Inc. acquired a new stake in shares of Delek US Holdings during the 1st quarter valued at approximately $230,000. Finally, Airain ltd acquired a new stake in shares of Delek US Holdings during the 2nd quarter valued at approximately $244,000. 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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