Delek US Holdings Inc. (DK) Given “Equal Weight” Rating at Barclays PLC
Barclays PLC reissued their equal weight rating on shares of Delek US Holdings Inc. (NYSE:DK) in a research report sent to investors on Monday morning. The brokerage currently has a $19.00 price objective on the stock, up from their previous price objective of $16.00.
Several other brokerages also recently commented on DK. Citigroup Inc. started coverage on Delek US Holdings in a research note on Wednesday, September 14th. They issued a buy rating and a $23.00 target price for the company. Vetr downgraded Delek US Holdings from a strong-buy rating to a buy rating and set a $14.25 target price for the company. in a research note on Tuesday, July 19th. Piper Jaffray Cos. raised their target price on Delek US Holdings from $10.00 to $13.00 and gave the stock a neutral rating in a research note on Monday, August 22nd. Scotiabank downgraded Delek US Holdings from an outperform rating to a sector perform rating and dropped their price target for the company from $22.00 to $15.00 in a research report on Monday, July 11th. Finally, RBC Capital Markets reiterated an outperform rating and set a $19.00 price target (up previously from $17.00) on shares of Delek US Holdings in a research report on Friday, August 5th. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $19.74.
Shares of Delek US Holdings (NYSE:DK) opened at 17.83 on Monday. The firm’s market cap is $1.10 billion. Delek US Holdings has a 52-week low of $11.41 and a 52-week high of $29.90. The firm’s 50-day moving average is $17.47 and its 200-day moving average is $14.91.
Delek US Holdings (NYSE:DK) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.08) EPS for the quarter, topping the 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%. Analysts anticipate that Delek US Holdings will post ($1.40) earnings per share for the current year.
The firm 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. The ex-dividend date was Friday, August 19th. This represents a $0.60 annualized dividend and a dividend yield of 3.36%. Delek US Holdings’s dividend payout ratio (DPR) is presently -75.00%.
Several institutional investors have recently bought and sold shares of DK. BlackRock Inc. raised its stake in Delek US Holdings by 81.4% in the first quarter. BlackRock Inc. now owns 7,420 shares of the company’s stock valued at $113,000 after buying an additional 3,329 shares in the last quarter. Hsbc Holdings PLC purchased a new stake in Delek US Holdings during the second quarter valued at $138,000. Tower Research Capital LLC TRC raised its stake in Delek US Holdings by 3,358.7% in the second quarter. Tower Research Capital LLC TRC now owns 10,791 shares of the company’s stock valued at $142,000 after buying an additional 10,479 shares in the last quarter. Bayesian Capital Management LP purchased a new stake in Delek US Holdings during the first quarter valued at $164,000. Finally, First Midwest Bank Trust Division purchased a new stake in Delek US Holdings during the second quarter valued at $176,000. 92.18% of the stock is currently 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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