Shares of Delek US Holdings, Inc. (NYSE:DK – Get Free Report) have been assigned a consensus recommendation of “Hold” from the fifteen analysts that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $45.00.
A number of research firms recently weighed in on DK. Scotiabank raised shares of Delek US to a “hold” rating in a research report on Friday, March 27th. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 18th. Mizuho raised their price target on shares of Delek US from $54.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Wells Fargo & Company upped their target price on shares of Delek US from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Finally, Raymond James Financial upped their target price on shares of Delek US from $47.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th.
Check Out Our Latest Stock Analysis on Delek US
Insider Activity at Delek US
Institutional Investors Weigh In On Delek US
Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Delek US by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock worth $187,773,000 after purchasing an additional 38,577 shares during the period. Mercuria Capital Strategies LLC purchased a new stake in shares of Delek US in the 3rd quarter worth approximately $8,755,000. Burney Co. purchased a new stake in shares of Delek US in the 4th quarter worth approximately $2,198,000. Comerica Bank lifted its position in shares of Delek US by 66.6% in the 4th quarter. Comerica Bank now owns 75,324 shares of the oil and gas company’s stock worth $2,234,000 after purchasing an additional 30,123 shares during the period. Finally, GSA Capital Partners LLP lifted its position in shares of Delek US by 727.4% in the 4th quarter. GSA Capital Partners LLP now owns 120,119 shares of the oil and gas company’s stock worth $3,563,000 after purchasing an additional 105,601 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Delek US Stock Performance
Delek US stock opened at $41.50 on Monday. The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49. Delek US has a 1-year low of $19.81 and a 1-year high of $50.33. The firm has a market capitalization of $2.54 billion, a P/E ratio of -45.60, a price-to-earnings-growth ratio of 0.27 and a beta of 0.60. The company’s 50-day moving average is $43.84 and its 200 day moving average is $38.41.
Delek US (NYSE:DK – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.42) by $1.50. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the prior year, the company posted ($2.32) EPS. The firm’s revenue for the quarter was up .4% on a year-over-year basis. Research analysts forecast that Delek US will post 5.26 EPS for the current year.
Delek US Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 1st were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Friday, May 1st. Delek US’s dividend payout ratio is currently -112.09%.
About Delek US
Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.
In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.
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