Delek US Holdings Inc. (DK) Sees Strong Trading Volume
Delek US Holdings Inc. (NYSE:DK) saw strong trading volume on Wednesday . 1,182,662 shares were traded during trading, an increase of 3% from the previous session’s volume of 1,144,327 shares.The stock last traded at $17.36 and had previously closed at $17.41.
A number of analysts have recently issued reports on the stock. Wells Fargo & Co. reiterated a “buy” rating on shares of Delek US Holdings in a research note on Saturday, July 9th. Vetr lowered shares of Delek US Holdings from a “hold” rating to a “sell” rating and set a $14.25 price objective on the stock. in a research note on Tuesday, August 9th. JPMorgan Chase & Co. lowered shares of Delek US Holdings from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $17.00 to $12.00 in a research note on Monday, July 11th. Barclays PLC lowered shares of Delek US Holdings from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $20.00 to $15.00 in a research note on Wednesday, July 13th. Finally, Piper Jaffray Cos. lifted their price objective on shares of Delek US Holdings from $10.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday, August 22nd. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.57.
The firm has a 50 day moving average of $16.74 and a 200-day moving average of $14.74. The company’s market capitalization is $1.09 billion.
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Delek US Holdings (NYSE:DK) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.18. Delek US Holdings had a negative return on equity of 0.87% and a negative net margin of 0.90%. On average, analysts forecast that Delek US Holdings Inc. will post ($1.37) EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Tuesday, August 23rd were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 19th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.39%. Delek US Holdings’s payout ratio is -75.00%.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp raised its position in Delek US Holdings by 2.3% in the second quarter. Van ECK Associates Corp now owns 18,472 shares of the company’s stock valued at $244,000 after buying an additional 409 shares in the last quarter. American International Group Inc. raised its position in Delek US Holdings by 1.6% in the second quarter. American International Group Inc. now owns 35,497 shares of the company’s stock valued at $469,000 after buying an additional 570 shares in the last quarter. Ameriprise Financial Inc. raised its position in Delek US Holdings by 2.9% in the second quarter. Ameriprise Financial Inc. now owns 36,521 shares of the company’s stock valued at $482,000 after buying an additional 1,036 shares in the last quarter. US Bancorp DE raised its position in Delek US Holdings by 5.9% in the second quarter. US Bancorp DE now owns 23,485 shares of the company’s stock valued at $309,000 after buying an additional 1,307 shares in the last quarter. Finally, Strs Ohio boosted its stake in shares of Delek US Holdings by 4.8% in the second quarter. Strs Ohio now owns 45,400 shares of the company’s stock valued at $599,000 after buying an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 92.18% of the company’s stock.
Delek US Holdings Company Profile
Delek US Holdings, Inc is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil, intermediate and refined products and convenience store retailing. The Company operates through three segments: Refining, Logistics and Retail. Its Refining Segment operates independent refineries in Tyler, Texas, and El Dorado, Arkansas with a combined design crude distillation capacity of approximately 155,000 barrels per day (bpd).
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