Delek US Holdings Inc. (DK) Sees Unusually-High Trading Volume
Shares of Delek US Holdings Inc. (NYSE:DK) saw unusually-strong trading volume on Friday . Approximately 4,049,434 shares changed hands during mid-day trading, an increase of 198% from the previous session’s volume of 1,360,148 shares.The stock last traded at $16.11 and had previously closed at $14.89.
Several research analysts have commented on DK shares. 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. 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 report on Wednesday, July 13th. 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. 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. Finally, Zacks Investment Research upgraded Delek US Holdings from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.30.
The firm’s market cap is $1.01 billion. The firm has a 50 day moving average price of $12.98 and a 200 day moving average price of $14.22.
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, topping analysts’ consensus estimates of ($0.26) by $0.18. Equities research analysts anticipate that Delek US Holdings Inc. will post ($1.57) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 13th. Stockholders of record on Tuesday, August 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date is Friday, August 19th.
Several institutional investors have added to or reduced their stakes in DK. Rhumbline Advisers raised its position in Delek US Holdings by 3.9% in the fourth quarter. Rhumbline Advisers now owns 70,798 shares of the company’s stock worth $1,742,000 after buying an additional 2,675 shares during the period. Cornerstone Capital Management Holdings LLC. raised its position in Delek US Holdings by 682.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 66,497 shares of the company’s stock worth $1,636,000 after buying an additional 57,995 shares during the period. Marshall Wace LLP acquired a new position in Delek US Holdings during the fourth quarter worth $3,646,000. Foresters Investment Management Company Inc. acquired a new position in Delek US Holdings during the fourth quarter worth $2,128,000. Finally, Swiss National Bank raised its position in Delek US Holdings by 1.4% in the fourth quarter. Swiss National Bank now owns 71,100 shares of the company’s stock worth $1,749,000 after buying an additional 1,000 shares during the period.
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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