Delek US Holdings, Inc. (DK) Receives Average Recommendation of “Hold” from Brokerages
Shares of Delek US Holdings, Inc. (NYSE:DK) have earned an average recommendation of “Hold” from the eighteen research firms that are presently covering the company, Marketbeat.com reports. Thirteen research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $26.08.
Several research firms have weighed in on DK. Scotiabank set a $26.00 price target on Delek US Holdings and gave the stock a “hold” rating in a research report on Thursday, August 3rd. Tudor Pickering reissued a “hold” rating on shares of Delek US Holdings in a research report on Wednesday, July 12th. Wolfe Research raised Delek US Holdings from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 25th. BidaskClub raised Delek US Holdings from a “buy” rating to a “strong-buy” rating in a research report on Sunday, July 2nd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $32.00 price target on shares of Delek US Holdings in a research report on Friday.
Delek US Holdings (NYSE DK) traded up 2.23% during trading on Friday, reaching $25.66. The company’s stock had a trading volume of 903,840 shares. Delek US Holdings has a 52 week low of $14.76 and a 52 week high of $27.85. The company’s market capitalization is $1.59 billion. The company has a 50 day moving average price of $24.20 and a 200-day moving average price of $24.65.
Delek US Holdings (NYSE:DK) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.03) by $0.37. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $944.29 million. Delek US Holdings had a negative return on equity of 4.60% and a negative net margin of 3.15%. The business’s quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) EPS. Equities research analysts anticipate that Delek US Holdings will post ($0.06) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Monday, August 21st. Delek US Holdings’s dividend payout ratio is currently -25.86%.
TRADEMARK VIOLATION WARNING: This piece was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/09/09/delek-us-holdings-inc-dk-receives-average-recommendation-of-hold-from-brokerages.html.
In related news, insider Jared Serff sold 1,136 shares of Delek US Holdings stock in a transaction 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 owns 13,683 shares in the company, valued at $366,704.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Charles H. Leonard sold 2,500 shares of Delek US Holdings stock in a transaction on Tuesday, August 15th. The shares were 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 owns 23,035 shares in the company, valued at approximately $509,073.50. The disclosure for this sale can be found here. Insiders sold 5,149 shares of company stock worth $126,989 in the last quarter. 1.61% of the stock is owned by insiders.
A number of institutional investors have recently modified their holdings of the stock. First Midwest Bank Trust Division boosted its holdings in Delek US Holdings by 1.8% in the second quarter. First Midwest Bank Trust Division now owns 13,732 shares of the oil and gas company’s stock valued at $365,000 after acquiring an additional 237 shares during the last quarter. Foresters Investment Management Company Inc. boosted its holdings in Delek US Holdings by 0.8% in the first quarter. Foresters Investment Management Company Inc. now owns 59,500 shares of the oil and gas company’s stock valued at $1,444,000 after acquiring an additional 500 shares during the last quarter. Virginia Retirement Systems ET AL boosted its holdings in Delek US Holdings by 6.3% in the first quarter. Virginia Retirement Systems ET AL now owns 9,145 shares of the oil and gas company’s stock valued at $222,000 after acquiring an additional 545 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in Delek US Holdings by 15.6% in the first quarter. Tudor Investment Corp ET AL now owns 12,342 shares of the oil and gas company’s stock valued at $300,000 after acquiring an additional 1,666 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in Delek US Holdings by 5.7% in the second quarter. GSA Capital Partners LLP now owns 35,100 shares of the oil and gas company’s stock valued at $928,000 after acquiring an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Delek US Holdings Company Profile
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.