Delek US Holdings Inc. (DK) Now Covered by Analysts at Citigroup Inc.
DK has been the topic of a number of other research reports. Howard Weil raised their price target on shares of Delek US Holdings from $15.00 to $18.00 and gave the company a sector perform rating in a report on Tuesday, August 30th. Vetr downgraded shares of Delek US Holdings from a hold rating to a sell rating and set a $14.25 price target on the stock. in a report on Monday, August 15th. Scotiabank reaffirmed a sector perform rating and set a $18.00 price target (up previously from $15.00) on shares of Delek US Holdings in a report on Tuesday, August 30th. Barclays PLC raised their price target on shares of Delek US Holdings from $15.00 to $16.00 and gave the company an equal weight rating in a report on Friday, August 5th. Finally, Zacks Investment Research raised shares of Delek US Holdings from a sell rating to a hold rating in a report on Tuesday, August 16th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $19.66.
Shares of Delek US Holdings (NYSE:DK) opened at 18.10 on Wednesday. Delek US Holdings has a 12-month low of $11.41 and a 12-month high of $30.74. The company’s market cap is $1.12 billion. The company’s 50-day moving average is $16.44 and its 200-day moving average is $14.71.
Delek US Holdings (NYSE:DK) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.18. Delek US Holdings had a negative net margin of 0.90% and a negative return on equity of 0.87%. Equities research analysts predict that Delek US Holdings will post ($1.37) earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Tuesday, August 23rd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Friday, August 19th. Delek US Holdings’s dividend payout ratio is currently -75.00%.
Several hedge funds have recently modified their holdings of DK. Schwab Charles Investment Management Inc. raised its stake in shares of Delek US Holdings by 10.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 274,510 shares of the company’s stock worth $3,627,000 after buying an additional 26,659 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Delek US Holdings by 5.5% in the second quarter. American Century Companies Inc. now owns 238,073 shares of the company’s stock worth $3,145,000 after buying an additional 12,330 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Delek US Holdings by 35.0% in the second quarter. Legal & General Group Plc now owns 70,220 shares of the company’s stock worth $921,000 after buying an additional 18,193 shares in the last quarter. Paloma Partners Management Co bought a new stake in shares of Delek US Holdings during the second quarter worth about $193,000. Finally, Guggenheim Capital LLC raised its stake in shares of Delek US Holdings by 16.0% in the second quarter. Guggenheim Capital LLC now owns 30,357 shares of the company’s stock worth $401,000 after buying an additional 4,187 shares in the last quarter. 92.18% of the stock is owned by hedge funds and other institutional investors.
Delek US Holdings Company Profile
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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