Delek US Holdings Inc. (DK) Shares Up 4.5%
Delek US Holdings Inc. (NYSE:DK)’s share price shot up 4.5% during mid-day trading on Friday . The stock traded as high as $12.58 and last traded at $12.52, with a volume of 914,274 shares trading hands. The stock had previously closed at $11.98.
DK has been the subject of a number of research analyst reports. Wells Fargo & Co. restated a “buy” rating on shares of Delek US Holdings in a research report on Saturday, July 9th. Vetr upgraded shares of Delek US Holdings from a “buy” rating to a “strong-buy” rating and set a $14.25 price objective for the company in a research report on Wednesday, July 13th. Simmons reduced their price objective on shares of Delek US Holdings from $13.00 to $11.00 in a research report on Tuesday, April 12th. Zacks Investment Research upgraded shares of Delek US Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Finally, Scotiabank cut shares of Delek US Holdings from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $22.00 to $15.00 in a research report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $21.63.
The stock has a market capitalization of $773.77 million and a PE ratio of 122.75. The stock’s 50 day moving average price is $12.59 and its 200 day moving average price is $14.49.
Delek US Holdings (NYSE:DK) last released its earnings results on Thursday, May 5th. The company reported ($0.86) EPS for the quarter, missing analysts’ consensus estimates of ($0.53) by $0.33. The business earned $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. The business’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.28) earnings per share. On average, equities research analysts expect that Delek US Holdings Inc. will post ($1.88) EPS for the current fiscal year.
Other large investors have added to or reduced their stakes in the company. Cornerstone Capital Management Holdings LLC. increased its stake in Delek US Holdings by 682.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 66,497 shares of the company’s stock worth $1,636,000 after buying an additional 57,995 shares during the period. Rhumbline Advisers increased its stake 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. Swiss National Bank increased its stake 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. Airain ltd increased its stake in Delek US Holdings by 183.9% in the fourth quarter. Airain ltd now owns 81,620 shares of the company’s stock worth $2,008,000 after buying an additional 52,875 shares during the period. Finally, Foresters Investment Management Company Inc. acquired a new stake in Delek US Holdings during the fourth quarter worth approximately $2,128,000.
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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