BidaskClub Lowers Delek US Holdings, Inc. (DK) to Hold
BidaskClub lowered shares of Delek US Holdings, Inc. (NYSE:DK) from a buy rating to a hold rating in a research report report published on Tuesday.
A number of other research analysts have also recently issued reports on the stock. Citigroup Inc. reissued a buy rating and set a $29.00 price target (down from $32.00) on shares of Delek US Holdings in a research report on Saturday, April 22nd. Barclays PLC reissued an equal weight rating and set a $28.00 price target on shares of Delek US Holdings in a research report on Wednesday, July 5th. ValuEngine raised shares of Delek US Holdings from a sell rating to a hold rating in a research report on Friday, June 2nd. Goldman Sachs Group, Inc. (The) raised shares of Delek US Holdings from a neutral rating to a buy rating and lifted their price target for the company from $26.00 to $30.00 in a research report on Tuesday, May 16th. Finally, Scotiabank set a $26.00 price target on shares of Delek US Holdings and gave the company a hold rating in a research report on Monday, June 26th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $23.14.
Delek US Holdings (NYSE:DK) traded up 0.96% during midday trading on Tuesday, hitting $25.23. 780,217 shares of the stock traded hands. The stock’s market capitalization is $1.57 billion. Delek US Holdings has a 52 week low of $12.52 and a 52 week high of $27.85. The stock’s 50-day moving average price is $26.30 and its 200-day moving average price is $24.56.
Delek US Holdings (NYSE:DK) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.37. Delek US Holdings had a negative net margin of 2.37% and a negative return on equity of 2.83%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $944.29 million. During the same period last year, the business earned ($0.08) earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. Equities research analysts expect that Delek US Holdings will post ($0.05) EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, August 21st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.40%. Delek US Holdings’s dividend payout ratio is presently -32.97%.
In other news, insider Jared Serff sold 1,136 shares of Delek US Holdings stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $26.80, for a total value of $30,444.80. Following the completion of the sale, the insider now directly owns 13,683 shares in the company, valued at $366,704.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Assi Ginzburg sold 8,936 shares of Delek US Holdings stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $25.33, for a total transaction of $226,348.88. Following the completion of the sale, the chief financial officer now owns 94,431 shares of the company’s stock, valued at $2,391,937.23. The disclosure for this sale can be found here. Insiders sold 238,345 shares of company stock valued at $6,072,096 over the last quarter. Company insiders own 1.42% of the company’s stock.
Several hedge funds have recently made changes to their positions in DK. Ameritas Investment Partners Inc. bought a new stake in shares of Delek US Holdings during the first quarter worth approximately $129,000. Virginia Retirement Systems ET AL raised its stake in shares of Delek US Holdings by 6.3% in the first quarter. Virginia Retirement Systems ET AL now owns 9,145 shares of the oil and gas company’s stock worth $222,000 after buying an additional 545 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Delek US Holdings during the second quarter valued at about $245,000. Clinton Group Inc. acquired a new stake in shares of Delek US Holdings during the first quarter valued at about $230,000. Finally, Virtu Financial LLC acquired a new stake in shares of Delek US Holdings during the second quarter valued at about $252,000. Hedge funds and other institutional investors own 97.13% of the company’s stock.
About Delek US Holdings
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
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