Delek US Holdings Inc. (NYSE:DK) was downgraded by equities research analysts at Wells Fargo & Co. from an “outperform” rating to a “market perform” rating in a note issued to investors on Wednesday.

DK has been the topic of several other research reports. Vetr downgraded Delek US Holdings from a “strong-buy” rating to a “buy” rating and set a $14.25 price target on the stock. in a research note on Wednesday, August 3rd. Credit Suisse Group AG reiterated a “buy” rating and set a $17.00 price target on shares of Delek US Holdings in a research note on Thursday, July 14th. Citigroup Inc. assumed coverage on Delek US Holdings in a research note on Wednesday, September 14th. They set a “buy” rating and a $23.00 price target on the stock. Barclays PLC downgraded Delek US Holdings from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $20.00 to $15.00 in a research note on Wednesday, July 13th. Finally, Zacks Investment Research upgraded Delek US Holdings from a “sell” rating to a “hold” rating in a research note on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have assigned a buy rating to the company. Delek US Holdings currently has a consensus rating of “Hold” and an average target price of $19.66.

Analyst Recommendations for Delek US Holdings (NYSE:DK)

Delek US Holdings (NYSE:DK) opened at 17.41 on Wednesday. The stock has a 50 day moving average price of $16.59 and a 200 day moving average price of $14.72. Delek US Holdings has a 1-year low of $11.41 and a 1-year high of $30.74. The company’s market cap is $1.08 billion.

Delek US Holdings (NYSE:DK) last announced its earnings results on Wednesday, August 3rd. The company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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%. On average, equities research analysts anticipate that Delek US Holdings will post ($1.37) EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Tuesday, August 23rd were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, August 19th. This represents a $0.60 annualized dividend and a yield of 3.45%. Delek US Holdings’s dividend payout ratio (DPR) is currently -75.00%.

A number of large investors have recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in Delek US Holdings by 4.2% in the first quarter. Geode Capital Management LLC now owns 357,031 shares of the company’s stock valued at $5,441,000 after buying an additional 14,292 shares during the period. Loomis Sayles & Co. L P raised its stake in Delek US Holdings by 195,145.3% in the first quarter. Loomis Sayles & Co. L P now owns 482,256 shares of the company’s stock valued at $7,350,000 after buying an additional 482,009 shares during the period. UBS Group AG raised its stake in Delek US Holdings by 368.4% in the first quarter. UBS Group AG now owns 155,045 shares of the company’s stock valued at $2,363,000 after buying an additional 121,947 shares during the period. Canada Pension Plan Investment Board raised its stake in Delek US Holdings by 275.6% in the first quarter. Canada Pension Plan Investment Board now owns 15,400 shares of the company’s stock valued at $235,000 after buying an additional 11,300 shares during the period. Finally, Spark Investment Management LLC raised its stake in Delek US Holdings by 41.7% in the first quarter. Spark Investment Management LLC now owns 127,700 shares of the company’s stock valued at $1,946,000 after buying an additional 37,600 shares during the period. Institutional investors own 92.18% of the company’s stock.

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).

5 Day Chart for NYSE:DK

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