Delek US Holdings Inc. (DK) Trading 4.4% Higher
Delek US Holdings Inc. (NYSE:DK) traded up 4.4% during trading on Monday . The company traded as high as $13.02 and last traded at $12.91, with a volume of 532,869 shares traded. The stock had previously closed at $12.36.
A number of equities research analysts recently commented on the company. Credit Suisse Group AG reiterated a “buy” rating and issued a $17.00 target price on shares of Delek US Holdings in a research report on Thursday. Vetr upgraded Delek US Holdings from a “buy” rating to a “strong-buy” rating and set a $14.25 target price on the stock in a research report on Wednesday, July 13th. Barclays PLC downgraded Delek US Holdings from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $20.00 to $15.00 in a research report on Wednesday, July 13th. Zacks Investment Research downgraded Delek US Holdings from a “hold” rating to a “strong sell” rating in a research report on Monday, July 11th. Finally, Scotiabank downgraded Delek US Holdings from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $22.00 to $15.00 in a research report on Monday, July 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Delek US Holdings has an average rating of “Hold” and a consensus target price of $23.52.
The stock has a 50-day moving average of $13.06 and a 200 day moving average of $15.19. The stock has a market cap of $789.22 million and a P/E ratio of 125.20.
Delek US Holdings (NYSE:DK) last posted its quarterly earnings data on Thursday, May 5th. The company reported ($0.86) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.53) by $0.33. During the same quarter last year, the firm posted ($0.28) EPS. The company earned $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. The company’s revenue was down 3.9% compared to the same quarter last year. Equities analysts expect that Delek US Holdings Inc. will post ($1.71) EPS for the current year.
A number of hedge funds and institutional investors have added to or reduced their stakes in DK. Strs Ohio raised its position in Delek US Holdings by 15.5% in the fourth quarter. Strs Ohio now owns 43,300 shares of the company’s stock worth $1,065,000 after buying an additional 5,800 shares during the period. California State Teachers Retirement System raised its position in Delek US Holdings by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 106,264 shares of the company’s stock worth $2,614,000 after buying an additional 1,700 shares during the period. Swiss National Bank raised its position in Delek US Holdings by 1.4% in the fourth quarter. Swiss National Bank now owns 71,100 shares of the company’s stock worth $1,749,000 after buying an additional 1,000 shares during the period. First Trust Advisors LP acquired a new position in Delek US Holdings during the fourth quarter worth $3,593,000. Finally, Rhumbline Advisers raised its position in Delek US Holdings by 3.9% in the fourth quarter. Rhumbline Advisers now owns 70,798 shares of the company’s stock worth $1,742,000 after buying an additional 2,675 shares during the period.
Delek US Holdings, Inc is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil, intermediate and refined products and convenience store retailing. The Company operates through three segments: Refining, Logistics and Retail. Its Refining Segment operates independent refineries in Tyler, Texas, and El Dorado, Arkansas with a combined design crude distillation capacity of approximately 155,000 barrels per day (bpd).
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