Delek US Holdings Inc. (DK) Price Target Raised to $21.00
Delek US Holdings Inc. (NYSE:DK) had its price objective upped by Raymond James Financial Inc. from $20.00 to $21.00 in a research report released on Thursday morning. Raymond James Financial Inc. currently has a hold rating on the stock.
A number of other equities research analysts also recently weighed in on DK. Wells Fargo & Co. reaffirmed a buy rating on shares of Delek US Holdings in a report on Saturday, July 9th. JPMorgan Chase & Co. downgraded Delek US Holdings from an overweight rating to a neutral rating and decreased their price objective for the company from $17.00 to $12.00 in a report on Monday, July 11th. Howard Weil downgraded Delek US Holdings from a sector outperform rating to a sector perform rating and decreased their price objective for the company from $22.00 to $15.00 in a report on Monday, July 11th. Scotiabank downgraded Delek US Holdings from an outperform rating to a sector perform rating and reduced their target price for the stock from $22.00 to $15.00 in a report on Monday, July 11th. Finally, Zacks Investment Research downgraded Delek US Holdings from a hold rating to a strong sell rating in a report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eight have issued a buy rating to the company. The company presently 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 Thursday. The company’s market capitalization is $1.12 billion. Delek US Holdings has a 1-year low of $11.41 and a 1-year high of $30.74. The stock’s 50 day moving average price is $16.44 and its 200 day moving average price is $14.71.
Delek US Holdings (NYSE:DK) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.08) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.18. Delek US Holdings had a negative return on equity of 0.87% and a negative net margin of 0.90%. Analysts expect that Delek US Holdings will post ($1.37) EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Tuesday, August 23rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Friday, August 19th. Delek US Holdings’s dividend payout ratio is currently -75.00%.
Several hedge funds have recently added to or reduced their stakes in DK. Dimensional Fund Advisors LP boosted its stake in Delek US Holdings by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 5,201,005 shares of the company’s stock worth $68,705,000 after buying an additional 89,221 shares in the last quarter. Vanguard Group Inc. boosted its stake in Delek US Holdings by 0.7% in the second quarter. Vanguard Group Inc. now owns 4,020,306 shares of the company’s stock worth $53,109,000 after buying an additional 28,883 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new stake in Delek US Holdings during the second quarter worth approximately $36,729,000. State Street Corp boosted its stake in Delek US Holdings by 29.5% in the second quarter. State Street Corp now owns 2,451,996 shares of the company’s stock worth $32,391,000 after buying an additional 558,240 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in Delek US Holdings by 10.9% in the second quarter. Victory Capital Management Inc. now owns 1,925,259 shares of the company’s stock worth $25,433,000 after buying an additional 188,800 shares in the last quarter. Institutional investors and hedge funds own 92.18% of the company’s stock.
About Delek US Holdings
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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