Zacks Investment Research lowered shares of Delek US Holdings, Inc. (NYSE:DK) from a buy rating to a hold rating in a research note released on Monday, July 24th.
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. “
A number of other equities analysts have also recently issued reports on the stock. Tudor Pickering restated a hold rating on shares of Delek US Holdings in a research note on Wednesday, July 12th. Citigroup Inc. cut shares of Delek US Holdings from a buy rating to a neutral rating and set a $29.00 price objective for the company. in a research note on Friday, July 14th. J P Morgan Chase & Co restated a neutral rating and issued a $28.00 price objective on shares of Delek US Holdings in a research note on Tuesday, July 11th. Royal Bank Of Canada restated a buy rating and issued a $32.00 price objective on shares of Delek US Holdings in a research note on Thursday, April 20th. Finally, BidaskClub upgraded shares of Delek US Holdings from a buy rating to a strong-buy rating in a research note on Sunday, July 2nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $24.02.
Shares of Delek US Holdings (NYSE:DK) remained flat at $22.20 during trading on Monday. 968,415 shares of the stock traded hands. Delek US Holdings has a 12-month low of $14.76 and a 12-month high of $27.85. The stock’s market capitalization is $1.38 billion. The firm’s 50-day moving average is $25.84 and its 200-day moving average is $24.57.
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 for the quarter, missing analysts’ consensus estimates of ($0.03) by $0.37. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $944.29 million. During the same period last year, the company earned ($0.08) earnings per share. Delek US Holdings’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities research analysts expect that Delek US Holdings will post ($0.22) EPS for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Monday, August 21st. Delek US Holdings’s payout ratio is -25.86%.
In other Delek US Holdings news, CFO Assi Ginzburg sold 8,936 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $25.33, for a total transaction of $226,348.88. Following the sale, the chief financial officer now directly owns 94,431 shares in the company, valued at approximately $2,391,937.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $30,444.80. Following the completion of the sale, the insider now owns 13,683 shares in the company, valued at $366,704.40. The disclosure for this sale can be found here. Insiders have sold a total of 238,345 shares of company stock worth $6,072,096 in the last three months. 1.42% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of the stock. US Bancorp DE increased its stake in Delek US Holdings by 10.4% in the first quarter. US Bancorp DE now owns 26,749 shares of the oil and gas company’s stock worth $649,000 after buying an additional 2,510 shares during the period. Algert Global LLC acquired a new stake in Delek US Holdings during the first quarter worth about $1,919,000. Canada Pension Plan Investment Board increased its stake in Delek US Holdings by 219.3% in the first quarter. Canada Pension Plan Investment Board now owns 160,300 shares of the oil and gas company’s stock worth $3,890,000 after buying an additional 110,100 shares during the period. First Midwest Bank Trust Division increased its stake in Delek US Holdings by 3.4% in the first quarter. First Midwest Bank Trust Division now owns 13,495 shares of the oil and gas company’s stock worth $328,000 after buying an additional 450 shares during the period. Finally, Russell Investments Group Ltd. increased its position in shares of Delek US Holdings by 2.7% in the first quarter. Russell Investments Group Ltd. now owns 745,455 shares of the oil and gas company’s stock worth $18,091,000 after buying an additional 19,627 shares during the last quarter. Institutional investors own 97.17% 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.
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