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 research analysts have also recently issued research reports about the stock. Wells Fargo & Co. reissued a buy rating on shares of Delek US Holdings in a report on Saturday, July 9th. Vetr cut shares of Delek US Holdings from a hold rating to a sell rating and set a $14.25 target price for the company. in a report on Tuesday, August 9th. Barclays PLC cut shares of Delek US Holdings from an overweight rating to an equal weight rating and reduced their target price for the stock from $20.00 to $15.00 in a report on Wednesday, July 13th. Piper Jaffray Cos. raised their target price on shares of 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. cut shares of Delek US Holdings from an overweight rating to a neutral rating and reduced their target price 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, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. Delek US Holdings presently has an average rating of Hold and an average price target of $19.57.
Shares of Delek US Holdings (NYSE:DK) traded down 0.28% during mid-day trading on Wednesday, hitting $17.85. The stock had a trading volume of 34,502 shares. The stock’s market cap is $1.10 billion. The company’s 50 day moving average is $17.41 and its 200-day moving average is $14.87. Delek US Holdings has a 52-week low of $11.41 and a 52-week high of $29.90.
Delek US Holdings (NYSE:DK) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.26) by $0.18. Delek US Holdings had a negative net margin of 0.90% and a negative return on equity of 0.87%. On average, equities research analysts anticipate that Delek US Holdings will post ($1.40) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Tuesday, August 23rd were issued a $0.15 dividend. The ex-dividend date was Friday, August 19th. This represents a $0.60 annualized dividend and a yield of 3.35%. Delek US Holdings’s payout ratio is -75.00%.
A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position 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 during the last quarter. Hsbc Holdings PLC purchased a new position in Delek US Holdings during the second quarter valued at $138,000. Tower Research Capital LLC TRC raised its position 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 during the last quarter. Bayesian Capital Management LP purchased a new position in Delek US Holdings during the first quarter valued at $164,000. Finally, First Midwest Bank Trust Division purchased a new position in Delek US Holdings during the second quarter valued at $176,000. Institutional investors own 92.18% of the company’s stock.
About Delek US Holdings
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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