Delek US Holdings Inc. (DK) Trading Up 3.9%
Shares of Delek US Holdings Inc. (NYSE:DK) were up 3.9% during trading on Thursday . The company traded as high as $14.89 and last traded at $14.82, with a volume of 499,210 shares traded. The stock had previously closed at $14.27.
Several analysts have issued reports on DK shares. Zacks Investment Research upgraded Delek US Holdings from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Barclays PLC lifted their price target on Delek US Holdings from $15.00 to $16.00 and gave the company an “equal weight” rating in a research report on Friday, August 5th. Vetr upgraded Delek US Holdings from a “buy” rating to a “strong-buy” rating and set a $14.25 target price for the company in a research report on Wednesday, July 13th. Howard Weil cut Delek US Holdings from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $22.00 to $15.00 in a research report on Monday, July 11th. Finally, Credit Suisse Group AG restated a “buy” rating and set a $17.00 target price on shares of Delek US Holdings in a research report on Thursday, July 14th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $20.30.
The stock’s market capitalization is $1.01 billion. The firm’s 50-day moving average price is $12.98 and its 200 day moving average price is $14.22.
Delek US Holdings (NYSE:DK) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.18. Equities research analysts forecast that Delek US Holdings Inc. will post ($1.57) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 13th. Investors of record on Tuesday, August 23rd will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, August 19th. This represents a $0.60 annualized dividend and a yield of 3.66%.
Several hedge funds have recently bought and sold shares of DK. Cornerstone Capital Management Holdings LLC. boosted 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 valued at $1,636,000 after buying an additional 57,995 shares during the period. Rhumbline Advisers boosted 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 last quarter. Swiss National Bank boosted 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 last quarter. Airain ltd boosted its position 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 last quarter. Finally, Foresters Investment Management Company Inc. bought a new position in Delek US Holdings during the fourth quarter worth $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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