Delek US Holdings, Inc. (DK) Lifted to “Outperform” at Macquarie
Delek US Holdings, Inc. (NYSE:DK) was upgraded by equities researchers at Macquarie from a “neutral” rating to an “outperform” rating in a report released on Monday, The Fly reports.
A number of other research analysts have also recently issued reports on DK. BidaskClub cut shares of Delek US Holdings from a “hold” rating to a “sell” rating in a report on Monday, August 14th. Cowen and Company reiterated a “buy” rating and issued a $30.00 price target on shares of Delek US Holdings in a research report on Tuesday, October 17th. Royal Bank Of Canada reiterated a “buy” rating and issued a $35.00 price target on shares of Delek US Holdings in a research report on Wednesday, October 18th. Citigroup Inc. reiterated a “hold” rating and issued a $27.00 price target (down from $29.00) on shares of Delek US Holdings in a research report on Wednesday, October 18th. Finally, Zacks Investment Research upgraded shares of Delek US Holdings from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Monday, October 16th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.10.
Shares of Delek US Holdings (NYSE DK) traded down 0.31% during trading on Monday, hitting $25.48. The company had a trading volume of 415,877 shares. Delek US Holdings has a 52-week low of $14.76 and a 52-week high of $27.85. The stock’s 50-day moving average is $25.92 and its 200 day moving average is $25.01. The firm’s market capitalization is $2.07 billion.
Delek US Holdings (NYSE:DK) last issued its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $944.29 million. During the same period last year, the business posted ($0.08) earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts predict that Delek US Holdings will post $0.31 earnings per share for the current fiscal year.
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In other news, Director Carlos E. Jorda sold 4,000 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $25.78, for a total value of $103,120.00. Following the transaction, the director now owns 47,835 shares of the company’s stock, valued at approximately $1,233,186.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Charles H. Leonard sold 2,500 shares of the firm’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $22.10, for a total transaction of $55,250.00. Following the completion of the transaction, the director now directly owns 23,035 shares in the company, valued at approximately $509,073.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,027 shares of company stock worth $249,830. 1.61% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of DK. BlackRock Inc. raised its stake in shares of Delek US Holdings by 19,567.7% in the 1st quarter. BlackRock Inc. now owns 3,861,746 shares of the oil and gas company’s stock valued at $93,726,000 after acquiring an additional 3,842,111 shares during the period. FMR LLC increased its stake in Delek US Holdings by 169.5% during the 1st quarter. FMR LLC now owns 3,401,981 shares of the oil and gas company’s stock worth $82,566,000 after buying an additional 2,139,800 shares during the period. Vanguard Group Inc. increased its stake in Delek US Holdings by 33.7% during the 2nd quarter. Vanguard Group Inc. now owns 6,958,487 shares of the oil and gas company’s stock worth $183,982,000 after buying an additional 1,753,373 shares during the period. JPMorgan Chase & Co. increased its stake in Delek US Holdings by 67.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,415,921 shares of the oil and gas company’s stock worth $63,877,000 after buying an additional 969,671 shares during the period. Finally, Janus Henderson Group PLC purchased a new stake in Delek US Holdings during the 2nd quarter worth $13,991,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.
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.
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