Delek US Holdings Inc. (DK) Lowered to “Sell” at Zacks Investment Research
According to Zacks, “DELEK US HOLDINGS, INC. is a diversified energy business focused on petroleum refining, marketing and supply of refined products, and retail marketing of fuel and general merchandise. “
Other equities analysts have also issued reports about the company. Wells Fargo & Co. reaffirmed a buy rating on shares of Delek US Holdings in a report on Saturday, July 9th. Vetr lowered Delek US Holdings from a hold rating to a sell rating and set a $14.25 price objective for the company. in a report on Tuesday, August 9th. Barclays PLC lowered Delek US Holdings from an overweight rating to an equal weight rating and decreased their price objective for the stock from $20.00 to $15.00 in a report on Wednesday, July 13th. Piper Jaffray Cos. increased their price objective on Delek US Holdings from $10.00 to $13.00 and gave the stock a neutral rating in a report on Monday, August 22nd. Finally, JPMorgan Chase & Co. lowered Delek US Holdings from an overweight rating to a neutral rating and decreased their price objective for the stock from $17.00 to $12.00 in a report on Monday, July 11th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $19.74.
Delek US Holdings (NYSE:DK) last posted its earnings results on Wednesday, August 3rd. The company reported ($0.08) EPS for the quarter, beating 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%.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Tuesday, August 23rd were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Friday, August 19th. Delek US Holdings’s payout ratio is presently -75.00%.
Large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in shares of 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 position in shares of 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. acquired a new position in shares of Delek US Holdings during the second quarter worth approximately $36,729,000. State Street Corp boosted its position in shares of 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 position in shares of 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.
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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