Zacks Investment Research downgraded shares of Delek US Holdings, Inc. (NYSE:DK) from a buy rating to a hold rating in a research report released on Monday morning.
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. “
Several other research firms also recently issued reports on DK. Raymond James Financial, Inc. raised shares of Delek US Holdings from an outperform rating to a strong-buy rating and increased their price objective for the company from $32.00 to $35.00 in a report on Monday. Scotiabank reaffirmed a hold rating and set a $26.00 price objective on shares of Delek US Holdings in a report on Friday, September 8th. BidaskClub downgraded shares of Delek US Holdings from a strong-buy rating to a buy rating in a report on Sunday, July 16th. Macquarie raised shares of Delek US Holdings from a neutral rating to an outperform rating in a report on Monday, October 23rd. Finally, Cowen and Company reaffirmed a buy rating and set a $30.00 price objective on shares of Delek US Holdings in a report on Thursday, August 17th. Ten research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Delek US Holdings currently has an average rating of Hold and a consensus target price of $30.83.
Delek US Holdings (NYSE DK) traded down $0.21 on Monday, reaching $27.23. 1,445,100 shares of the company’s stock traded hands, compared to its average volume of 1,010,833. The company has a current ratio of 1.49, a quick ratio of 1.06 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $2,235.05, a P/E ratio of 211.08, a price-to-earnings-growth ratio of 5.08 and a beta of 1.92. Delek US Holdings has a fifty-two week low of $17.31 and a fifty-two week high of $29.16.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 22nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.20%. The ex-dividend date is Tuesday, November 21st. Delek US Holdings’s payout ratio is currently 37.97%.
In related news, insider Assi Ginzburg sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $28.00, for a total transaction of $560,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel L. Gordon sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $26.16, for a total transaction of $26,160.00. Following the sale, the insider now owns 18,572 shares of the company’s stock, valued at $485,843.52. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,527 shares of company stock valued at $1,034,580. 1.61% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. First Midwest Bank Trust Division increased its position in Delek US Holdings by 1.8% during 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 purchasing an additional 237 shares during the last quarter. Tudor Investment Corp ET AL increased its position in Delek US Holdings by 15.6% during 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 purchasing an additional 1,666 shares during the last quarter. Amalgamated Bank boosted its stake in Delek US Holdings by 24.0% during the third quarter. Amalgamated Bank now owns 9,694 shares of the oil and gas company’s stock worth $259,000 after buying an additional 1,875 shares during the period. GSA Capital Partners LLP boosted its stake in Delek US Holdings by 5.7% during 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 period. Finally, Van ECK Associates Corp boosted its stake in Delek US Holdings by 15.9% during the second quarter. Van ECK Associates Corp now owns 15,029 shares of the oil and gas company’s stock worth $397,000 after buying an additional 2,057 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.
About Delek US Holdings
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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