Delek US Holdings’ (DK) Hold Rating Reaffirmed at Scotiabank
Delek US Holdings, Inc. (NYSE:DK)‘s stock had its “hold” rating restated by analysts at Scotiabank in a research report issued on Friday. They presently have a $26.00 price objective on the oil and gas company’s stock. Scotiabank’s target price would indicate a potential upside of 3.59% from the company’s previous close.
DK has been the subject of several other reports. BidaskClub upgraded Delek US Holdings from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 20th. Zacks Investment Research lowered Delek US Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. Wolfe Research upgraded Delek US Holdings from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 25th. Citigroup Inc. lowered Delek US Holdings from a “buy” rating to a “neutral” rating and set a $29.00 price target for the company. in a report on Friday, July 14th. Finally, Barclays PLC reiterated an “equal weight” rating and set a $28.00 price target on shares of Delek US Holdings in a report on Wednesday, July 5th. Thirteen investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Delek US Holdings currently has an average rating of “Hold” and an average target price of $26.38.
Delek US Holdings (NYSE:DK) traded up 1.51% during mid-day trading on Friday, reaching $25.48. 280,534 shares of the company were exchanged. The stock’s 50-day moving average is $24.23 and its 200-day moving average is $24.64. Delek US Holdings has a 12 month low of $14.76 and a 12 month high of $27.85. The company’s market cap is $1.58 billion.
Delek US Holdings (NYSE:DK) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.37. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $944.29 million. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. Equities analysts expect that Delek US Holdings will post ($0.06) earnings per share for the current year.
In other Delek US Holdings news, insider Jared Serff sold 1,136 shares of Delek US Holdings stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $26.80, for a total value of $30,444.80. Following the transaction, the insider now directly owns 13,683 shares of the company’s stock, valued at approximately $366,704.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Charles H. Leonard sold 2,500 shares of Delek US Holdings stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $22.10, for a total value of $55,250.00. Following the completion of the transaction, the director now directly owns 23,035 shares in the company, valued at $509,073.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,149 shares of company stock worth $126,989. Company insiders own 1.61% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. bought a new position in Delek US Holdings in the 1st quarter worth approximately $129,000. BlackRock Inc. increased its position in Delek US Holdings by 81.4% in the 1st quarter. BlackRock Inc. now owns 7,420 shares of the oil and gas company’s stock worth $113,000 after buying an additional 3,329 shares during the period. Amalgamated Bank bought a new position in Delek US Holdings in the 2nd quarter worth approximately $207,000. Janus Capital Management LLC bought a new position in Delek US Holdings in the 4th quarter worth approximately $212,000. Finally, Virginia Retirement Systems ET AL increased its position in Delek US Holdings by 6.3% in the 1st quarter. Virginia Retirement Systems ET AL now owns 9,145 shares of the oil and gas company’s stock worth $222,000 after buying an additional 545 shares during the period. 97.01% of the stock is currently owned by institutional investors.
About Delek US Holdings
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
Receive News & Ratings for Delek US Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.