Shares of Delek US Holdings, Inc. (NYSE:DK) have earned an average recommendation of “Hold” from the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Ten research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $28.89.
Several analysts recently issued reports on DK shares. BidaskClub upgraded shares of Delek US Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 20th. Scotiabank set a $26.00 price target on shares of Delek US Holdings and gave the stock a “hold” rating in a research report on Monday, June 26th. Barclays PLC reiterated 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. J P Morgan Chase & Co reiterated a “neutral” rating and set a $28.00 price target on shares of Delek US Holdings in a research report on Tuesday, July 11th. Finally, Tudor Pickering reiterated a “hold” rating on shares of Delek US Holdings in a research report on Wednesday, July 12th.
TRADEMARK VIOLATION WARNING: “Analysts Set Delek US Holdings, Inc. (DK) PT at $28.89” was originally reported by BBNS and is the property of of BBNS. If you are reading this story on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The correct version of this story can be viewed at https://baseballnewssource.com/markets/analysts-set-delek-us-holdings-inc-dk-pt-at-28-89/1702628.html.
Delek US Holdings (NYSE:DK) traded up 1.704% during midday trading on Wednesday, reaching $26.565. The company’s stock had a trading volume of 397,168 shares. The firm has a 50 day moving average price of $25.02 and a 200-day moving average price of $24.90. The firm’s market cap is $2.16 billion. Delek US Holdings has a 52 week low of $14.76 and a 52 week high of $27.85.
Delek US Holdings (NYSE:DK) last announced its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.37). Delek US Holdings had a negative return on equity of 4.60% and a negative net margin of 3.15%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $944.29 million. During the same quarter in the previous year, the company earned ($0.08) EPS. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, analysts forecast that Delek US Holdings will post $0.28 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were given a $0.15 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $0.60 dividend on an annualized basis and a yield of 2.30%. Delek US Holdings’s dividend payout ratio is currently -25.86%.
In other Delek US Holdings news, insider Daniel L. Gordon sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $26.16, for a total value of $26,160.00. Following the sale, the insider now owns 18,572 shares in the company, valued at $485,843.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles H. Leonard sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $22.10, for a total transaction of $55,250.00. Following the completion of the sale, the director now owns 23,035 shares in the company, valued at approximately $509,073.50. The disclosure for this sale can be found here. Insiders sold 10,027 shares of company stock worth $249,830 in the last 90 days. Company insiders own 1.61% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. bought a new position in shares of Delek US Holdings during the first quarter valued at $129,000. Amalgamated Bank bought a new position in shares of Delek US Holdings during the second quarter valued at $207,000. Virginia Retirement Systems ET AL raised its stake in shares of Delek US Holdings by 6.3% during the first quarter. Virginia Retirement Systems ET AL now owns 9,145 shares of the oil and gas company’s stock valued at $222,000 after acquiring an additional 545 shares during the last quarter. Clinton Group Inc. bought a new position in shares of Delek US Holdings during the first quarter valued at $230,000. Finally, Airain ltd bought a new position in shares of Delek US Holdings during the second quarter valued at $244,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Delek US Holdings 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.
Receive News & Ratings for Delek US Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US Holdings Inc. and related companies with our FREE daily email newsletter.