Delek US Holdings, Inc. (DK) Earns Buy Rating from Cowen and Company
Delek US Holdings, Inc. (NYSE:DK)‘s stock had its “buy” rating reaffirmed by stock analysts at Cowen and Company in a report issued on Tuesday. They currently have a $30.00 target price on the oil and gas company’s stock. Cowen and Company’s target price indicates a potential upside of 14.50% from the stock’s previous close.
DK has been the subject of several other research reports. Scotiabank set a $26.00 price objective on Delek US Holdings and gave the company a “hold” rating in a research note 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 shares of Delek US Holdings from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 25th. BidaskClub raised shares of 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 target price on shares of Delek US Holdings in a research report on Friday, September 8th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $29.00.
Shares of Delek US Holdings (NYSE DK) traded down 0.49% during midday trading on Tuesday, hitting $26.20. 756,054 shares of the stock traded hands. The company’s market capitalization is $2.13 billion. The firm’s 50-day moving average is $25.82 and its 200 day moving average is $24.96. Delek US Holdings has a 52 week low of $14.76 and a 52 week high of $27.85.
Delek US Holdings (NYSE:DK) last released its quarterly earnings data 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). Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $944.29 million. During the same period in the prior year, the company earned ($0.08) EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. Equities analysts forecast that Delek US Holdings will post $0.28 earnings per share for the current year.
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In related news, Director Charles H. Leonard sold 2,500 shares of the stock in a transaction 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 transaction, the director now directly owns 23,035 shares in the company, valued at approximately $509,073.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Daniel L. Gordon sold 1,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $26.16, for a total value of $26,160.00. Following the completion of the transaction, the insider now owns 18,572 shares in the company, valued at $485,843.52. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,027 shares of company stock valued at $249,830. Insiders own 1.61% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio lifted its holdings in shares of Delek US Holdings by 42.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 31,803 shares of the oil and gas company’s stock worth $841,000 after purchasing an additional 9,538 shares in the last quarter. Piedmont Investment Advisors LLC lifted its holdings in shares of Delek US Holdings by 43.4% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 36,599 shares of the oil and gas company’s stock worth $968,000 after purchasing an additional 11,080 shares in the last quarter. Bank of Nova Scotia bought a new position in shares of Delek US Holdings in the 2nd quarter worth $9,489,000. Tower Research Capital LLC TRC bought a new position in shares of Delek US Holdings in the 2nd quarter worth $573,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Delek US Holdings by 544.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 54,657 shares of the oil and gas company’s stock worth $1,445,000 after purchasing an additional 46,171 shares in the last quarter. 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.
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