Delek US Holdings Inc. (DK) Plans Special Dividend of $0.10
Delek US Holdings (NYSE:DK) announced a special dividend on Monday, September 23rd, StockRatingsNetwork.com reports. Shareholders of record on Tuesday, October 8th will be paid a dividend of $0.10 per share on Tuesday, October 29th.
A number of research firms have recently commented on DK. Analysts at Deutsche Bank cut their price target on shares of Delek US Holdings (NYSE:DK) from $38.00 to $30.00 in a research note to investors on Tuesday, September 10th. They now have a “hold” rating on the stock. On a related note, analysts at Credit Suisse cut their price target on shares of Delek US Holdings (NYSE:DK) from $45.00 to $40.00 in a research note to investors on Tuesday, September 10th. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James cut their price target on shares of Delek US Holdings (NYSE:DK) from $34.00 to $30.00 in a research note to investors on Monday, September 9th.
One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Delek US Holdings has a consensus rating of “Hold” and an average price target of $34.25.
Shares of Delek US Holdings (NYSE:DK) opened at 21.23 on Monday. Delek US Holdings has a one year low of $21.19 and a one year high of $41.47. The stock has a 50-day moving average of $25.84 and a 200-day moving average of $32.30. The company has a market cap of $1.276 billion and a P/E ratio of 4.52.
Delek US Holdings (NYSE:DK) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.78 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.79 by $0.01. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter last year, the company posted $1.17 earnings per share. Delek US Holdings’s revenue was up 5.3% compared to the same quarter last year. Analysts expect that Delek US Holdings will post $2.54 EPS for the current fiscal year.
Delek US Holdings, Inc (NYSE:DK) is an integrated energy business focused on petroleum refining, the wholesale distribution of refined products and convenience store retailing.
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