Delek US Holdings Inc. (DK) Stock Price Down 3.2%
Delek US Holdings Inc. (NYSE:DK) shares fell 3.2% during mid-day trading on Monday . The stock traded as low as $16.24 and last traded at $16.53, with a volume of 505,993 shares changing hands. The stock had previously closed at $17.07.
Several research firms have recently issued reports on DK. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Delek US Holdings in a research note on Saturday, July 9th. Vetr downgraded Delek US Holdings from a “strong-buy” rating to a “buy” rating and set a $14.25 price objective for the company. in a research note on Wednesday, August 3rd. Piper Jaffray Cos. upped their price objective on Delek US Holdings from $10.00 to $13.00 and gave the company a “neutral” rating in a research note on Monday. Barclays PLC upped their price objective on Delek US Holdings from $15.00 to $16.00 and gave the company an “equal weight” rating in a research note on Friday, August 5th. Finally, JPMorgan Chase & Co. upped their price objective on Delek US Holdings from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Friday, August 5th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $19.82.
The firm has a 50-day moving average price of $13.58 and a 200 day moving average price of $14.23. The stock’s market cap is $1.03 billion.
Delek US Holdings (NYSE:DK) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.18. On average, equities research analysts predict that Delek US Holdings Inc. will post ($1.44) EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 13th. Shareholders of record on Tuesday, August 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, August 19th. This represents a $0.60 dividend on an annualized basis and a yield of 3.60%.
Other institutional investors recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. boosted its position in shares of 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. Airain ltd boosted its position in shares of 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, Marshall Wace LLP bought a new position in shares of Delek US Holdings during the fourth quarter worth approximately $3,646,000.
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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