Delek US Holdings Inc. (DK) Given New $14.00 Price Target at Piper Jaffray Cos.
A number of other brokerages have also recently issued reports on DK. Citigroup Inc. initiated coverage on Delek US Holdings in a report on Wednesday, September 14th. They set a buy rating and a $23.00 price objective for the company. Vetr cut Delek US Holdings from a strong-buy rating to a buy rating and set a $14.25 price objective for the company. in a report on Tuesday, July 19th. Barclays PLC lowered Delek US Holdings from an overweight rating to an equal weight rating and lowered their target price for the company from $20.00 to $15.00 in a research note on Wednesday, July 13th. Scotiabank lowered Delek US Holdings from an outperform rating to a sector perform rating and lowered their target price for the company from $22.00 to $15.00 in a research note on Monday, July 11th. Finally, RBC Capital Markets restated an outperform rating and issued a $19.00 target price (up from $17.00) on shares of Delek US Holdings in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and seven have issued a buy rating to the stock. Delek US Holdings presently has a consensus rating of Hold and a consensus price target of $19.57.
Shares of Delek US Holdings (NYSE:DK) opened at 17.71 on Friday. The firm’s market capitalization is $1.09 billion. Delek US Holdings has a one year low of $11.41 and a one year high of $29.90. The firm has a 50-day moving average of $16.74 and a 200-day moving average of $14.74.
Delek US Holdings (NYSE:DK) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.26) by $0.18. Delek US Holdings had a negative return on equity of 0.87% and a negative net margin of 0.90%. On average, equities analysts predict that Delek US Holdings will post ($1.37) earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 13th. Stockholders of record on Tuesday, August 23rd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.39%. The ex-dividend date was Friday, August 19th. Delek US Holdings’s dividend payout ratio (DPR) is presently -75.00%.
Institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG boosted its position in Delek US Holdings by 368.4% in the first quarter. UBS Group AG now owns 155,045 shares of the company’s stock valued at $2,363,000 after buying an additional 121,947 shares during the period. Bogle Investment Management L P DE acquired a new position in Delek US Holdings during the first quarter valued at $11,671,000. Jacobs Levy Equity Management Inc. boosted its position in Delek US Holdings by 28.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 57,485 shares of the company’s stock valued at $876,000 after buying an additional 12,818 shares during the period. A.R.T. Advisors LLC acquired a new position in Delek US Holdings during the first quarter valued at $1,704,000. Finally, Mount Lucas Management LP boosted its position in Delek US Holdings by 11.4% in the first quarter. Mount Lucas Management LP now owns 31,987 shares of the company’s stock valued at $487,000 after buying an additional 3,274 shares during the period. Institutional investors and hedge funds 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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