Delek US Holdings, Inc. (DK) Stock Rating Upgraded by BidaskClub
Delek US Holdings, Inc. (NYSE:DK) was upgraded by BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.
Several other equities research analysts have also recently commented on DK. Citigroup Inc. reaffirmed a “buy” rating and set a $29.00 price objective (down from $32.00) on shares of Delek US Holdings in a research report on Saturday, April 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and set a $32.00 price objective on shares of Delek US Holdings in a research report on Thursday, April 20th. Scotiabank reaffirmed a “hold” rating and set a $26.00 price objective on shares of Delek US Holdings in a research report on Tuesday, April 11th. Goldman Sachs Group, Inc. (The) raised Delek US Holdings from a “neutral” rating to a “buy” rating and increased their price objective for the company from $26.00 to $30.00 in a research report on Tuesday, May 16th. Finally, ValuEngine raised Delek US Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $21.15.
Delek US Holdings (DK) traded down 3.22% during trading on Tuesday, reaching $25.84. 868,437 shares of the company were exchanged. The firm’s 50 day moving average price is $25.34 and its 200-day moving average price is $24.08. Delek US Holdings has a one year low of $11.41 and a one year high of $27.82. The stock’s market capitalization is $1.60 billion.
Delek US Holdings (NYSE:DK) last issued its quarterly earnings results on Monday, May 8th. The oil and gas company reported $0.16 earnings per share for the quarter, beating the consensus estimate of ($0.33) by $0.49. Delek US Holdings had a negative return on equity of 2.83% and a negative net margin of 2.37%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $897.24 million. During the same period last year, the company earned ($0.86) earnings per share. The company’s revenue was up 33.4% on a year-over-year basis. On average, equities research analysts predict that Delek US Holdings will post $0.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 2nd. Stockholders of record on Tuesday, May 23rd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Friday, May 19th. Delek US Holdings’s dividend payout ratio (DPR) is currently -32.97%.
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In other news, Director Charles H. Leonard sold 1,700 shares of the firm’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $25.48, for a total value of $43,316.00. Following the transaction, the director now owns 20,787 shares of the company’s stock, valued at $529,652.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Assi Ginzburg sold 20,000 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $26.00, for a total value of $520,000.00. Following the completion of the transaction, the chief financial officer now directly owns 103,367 shares in the company, valued at approximately $2,687,542. The disclosure for this sale can be found here. Insiders sold 237,209 shares of company stock worth $6,041,652 in the last ninety days. Corporate insiders own 1.42% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC acquired a new stake in shares of Delek US Holdings during the fourth quarter valued at about $30,380,000. A.R.T. Advisors LLC acquired a new stake in shares of Delek US Holdings during the fourth quarter valued at about $377,000. Janus Capital Management LLC acquired a new stake in shares of Delek US Holdings during the fourth quarter valued at about $212,000. Two Sigma Investments LP acquired a new stake in shares of Delek US Holdings during the fourth quarter valued at about $295,000. Finally, Ellington Management Group LLC acquired a new stake in shares of Delek US Holdings during the fourth quarter valued at about $233,000. 96.76% of the stock is currently owned by hedge funds and other institutional investors.
Delek US Holdings Company Profile
Delek US Holdings, Inc is an integrated downstream energy business focused on petroleum refining and the transportation, storage and wholesale of crude oil, intermediate and refined products. The Company operates through two segments: Refining and Logistics. The Company’s refining segment operates independent refineries in Tyler, Texas (the Tyler refinery) and El Dorado, Arkansas (the El Dorado refinery).
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