Delek US Holdings Inc. (NYSE:DK) had its price target upped by stock analysts at Raymond James Financial Inc. from $20.00 to $21.00 in a research report issued on Thursday. The brokerage currently has a “hold” rating on the stock. Raymond James Financial Inc.’s price target suggests a potential upside of 15.13% from the stock’s current price.

Several other research analysts also recently commented on the stock. Citigroup Inc. began coverage on shares of Delek US Holdings in a report on Wednesday, September 14th. They issued a “buy” rating and a $23.00 target price on the stock. Credit Suisse Group AG reiterated an “outperform” rating on shares of Delek US Holdings in a report on Sunday, September 4th. Morgan Stanley reiterated a “hold” rating and issued a $15.00 target price on shares of Delek US Holdings in a report on Thursday, September 1st. Scotiabank reiterated a “sector perform” rating and issued a $18.00 target price (up previously from $15.00) on shares of Delek US Holdings in a report on Tuesday, August 30th. Finally, Howard Weil lifted their target price on shares of Delek US Holdings from $15.00 to $18.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 30th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the stock. Delek US Holdings presently has an average rating of “Hold” and an average target price of $19.66.

Shares of Delek US Holdings (NYSE:DK) opened at 18.24 on Thursday. Delek US Holdings has a 12-month low of $11.41 and a 12-month high of $30.84. The company’s market cap is $1.13 billion. The stock’s 50 day moving average price is $15.76 and its 200-day moving average price is $14.64.

Delek US Holdings (NYSE:DK) last announced its earnings results on Wednesday, August 3rd. The company reported ($0.08) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.18. Delek US Holdings had a negative net margin of 0.90% and a negative return on equity of 0.87%. On average, equities research analysts forecast that Delek US Holdings will post ($1.37) earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Tuesday, August 23rd were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, August 19th. This represents a $0.60 dividend on an annualized basis and a yield of 3.29%. Delek US Holdings’s dividend payout ratio (DPR) is presently -75.00%.

Institutional investors have recently made changes to their positions in the company. Quantitative Systematic Strategies LLC bought a new position in shares of Delek US Holdings during the first quarter worth about $436,000. Glenmede Trust Co. NA raised its position in shares of Delek US Holdings by 90.9% in the first quarter. Glenmede Trust Co. NA now owns 848,255 shares of the company’s stock worth $12,926,000 after buying an additional 403,825 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in shares of Delek US Holdings by 407.8% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 109,845 shares of the company’s stock worth $1,674,000 after buying an additional 88,215 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Delek US Holdings by 3.4% in the first quarter. TIAA CREF Investment Management LLC now owns 266,071 shares of the company’s stock worth $4,055,000 after buying an additional 8,773 shares during the last quarter. Finally, Teachers Advisors Inc. raised its position in shares of Delek US Holdings by 17.3% in the first quarter. Teachers Advisors Inc. now owns 396,605 shares of the company’s stock worth $6,044,000 after buying an additional 58,484 shares during the last quarter. Institutional investors 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).

5 Day Chart for NYSE:DK

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