News coverage about Delek US (NYSE:DK) has trended positive recently, Accern reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Delek US earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 46.3845494348667 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Delek US (DK) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
- Zacks: Brokerages Anticipate Delek US Holdings, Inc. (DK) Will Post Quarterly Sales of $2.16 Billion (americanbankingnews.com)
- Delek US Holdings, Inc. (DK) Receives Consensus Rating of “Buy” from Brokerages (americanbankingnews.com)
- Delek US (DK) Upgraded at Morgan Stanley (americanbankingnews.com)
- After Yesterday’s Rally of 1.79% Shares Could Potentially Pullback (mysmartrend.com)
Shares of Delek US (DK) traded up $1.30 during trading on Thursday, hitting $40.70. The company had a trading volume of 1,418,021 shares, compared to its average volume of 1,310,171. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. Delek US has a 1 year low of $20.65 and a 1 year high of $41.19. The stock has a market cap of $3,373.55, a price-to-earnings ratio of 11.90, a PEG ratio of 1.81 and a beta of 1.63.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 26th. Investors of record on Monday, March 12th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.97%. This is a boost from Delek US’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, March 9th. Delek US’s payout ratio is presently 23.39%.
Delek US announced that its board has initiated a stock buyback program on Monday, February 26th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the oil and gas company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.
Several equities research analysts have recently weighed in on DK shares. Morgan Stanley upgraded Delek US from an “equal weight” rating to an “overweight” rating and set a $44.00 price target on the stock in a report on Thursday, January 11th. Zacks Investment Research cut Delek US from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Royal Bank of Canada reissued a “buy” rating and issued a $42.00 price objective on shares of Delek US in a research note on Thursday, March 1st. Citigroup raised Delek US from a “neutral” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, February 14th. Finally, Howard Weil raised Delek US from a “sector perform” rating to a “focus list” rating and increased their target price for the company from $26.00 to $41.00 in a research report on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $38.86.
In other news, Director David Wiessman sold 200,000 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $37.30, for a total transaction of $7,460,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Frederec Green sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $36.00, for a total value of $900,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 260,109 shares of company stock worth $9,682,256. 1.61% of the stock is currently owned by insiders.
Delek US Company Profile
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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