Delek US Holdings Hits New 52-Week High at $35.50 (DK)
Delek US Holdings (NYSE:DK) shares reached a new 52-week high during mid-day trading on Tuesday , AR Network reports. The company traded as high as $35.50 and last traded at $35.06, with a volume of 296,593 shares changing hands. The stock had previously closed at $34.99.
DK has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Delek US Holdings from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $35.90 price target on the stock. Separately, analysts at Cowen and Company upgraded shares of Delek US Holdings from a “market perform” rating to an “outperform” rating in a research note on Friday, August 8th. They now have a $43.00 price target on the stock, up previously from $32.00. Finally, analysts at Simmons upgraded shares of Delek US Holdings from a “neutral” rating to an “overweight” rating in a research note on Thursday, August 7th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $37.59.
The stock’s 50-day moving average is $29.7 and its 200-day moving average is $30.08. The company has a market cap of $2.118 billion and a price-to-earnings ratio of 25.48.
Delek US Holdings (NYSE:DK) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.01 by $0.15. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.09 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts predict that Delek US Holdings will post $2.92 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 16th. Investors of record on Tuesday, August 26th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend is Friday, August 22nd.
In other Delek US Holdings news, EVP Kent B. Thomas sold 3,815 shares of the company’s stock on the open market in a transaction dated Monday, August 11th. The stock was sold at an average price of $34.00, for a total transaction of $129,710.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.