Delek US Holdings Inc. (DK) Shares Down 3.6%
Delek US Holdings Inc. (NYSE:DK) dropped 3.6% during trading on Tuesday . The company traded as low as $17.44 and last traded at $17.44, with a volume of 734,785 shares trading hands. The stock had previously closed at $18.10.
DK has been the subject of a number of analyst reports. Citigroup Inc. initiated coverage on Delek US Holdings in a research report on Wednesday, September 14th. They issued a “buy” rating and a $23.00 price target for the company. Vetr lowered Delek US Holdings from a “strong-buy” rating to a “buy” rating and set a $14.25 price target for the company. in a research report on Tuesday, July 19th. Piper Jaffray Cos. increased their price target on Delek US Holdings from $10.00 to $13.00 and gave the company a “neutral” rating in a research report on Monday, August 22nd. Barclays PLC lowered Delek US Holdings from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $20.00 to $15.00 in a research report on Wednesday, July 13th. Finally, Scotiabank lowered Delek US Holdings from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $22.00 to $15.00 in a research report on Monday, July 11th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $19.66.
The company’s market capitalization is $1.08 billion. The company has a 50-day moving average of $16.59 and a 200 day moving average of $14.72.
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Delek US Holdings (NYSE:DK) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.08) earnings per share (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%. Analysts expect that Delek US Holdings Inc. will post ($1.37) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Tuesday, August 23rd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date was Friday, August 19th. Delek US Holdings’s payout ratio is currently -75.00%.
Several hedge funds and other institutional investors have recently made changes to their positions in DK. BlackRock Inc. increased its position in shares of Delek US Holdings by 81.4% in the first quarter. BlackRock Inc. now owns 7,420 shares of the company’s stock worth $113,000 after buying an additional 3,329 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Delek US Holdings during the second quarter worth about $138,000. Tower Research Capital LLC TRC increased its position in shares of Delek US Holdings by 3,358.7% in the second quarter. Tower Research Capital LLC TRC now owns 10,791 shares of the company’s stock worth $142,000 after buying an additional 10,479 shares during the last quarter. Bayesian Capital Management LP acquired a new position in shares of Delek US Holdings during the first quarter worth about $164,000. Finally, First Midwest Bank Trust Division acquired a new position in shares of Delek US Holdings during the second quarter worth about $176,000. 92.18% of the stock is currently owned by hedge funds and other institutional investors.
About Delek US Holdings
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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