Delek US (DK) Downgraded to “Underperform” at Bank of America
Several other research analysts have also commented on DK. BidaskClub lowered shares of Delek US from a hold rating to a sell rating in a research note on Monday, August 14th. Royal Bank Of Canada reaffirmed a buy rating and set a $35.00 price objective on shares of Delek US in a research note on Wednesday, October 18th. Cowen reaffirmed a buy rating and set a $30.00 price objective on shares of Delek US in a research note on Tuesday, October 17th. Citigroup reaffirmed a hold rating and set a $27.00 price objective (down from $29.00) on shares of Delek US in a research note on Wednesday, October 18th. Finally, Macquarie raised shares of Delek US from a neutral rating to an outperform rating in a research note on Monday, October 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $30.83.
Delek US (NYSE:DK) traded up $0.06 during midday trading on Friday, reaching $32.76. 1,030,470 shares of the company’s stock traded hands, compared to its average volume of 1,571,822. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.49 and a quick ratio of 1.06. The stock has a market capitalization of $2,663.48, a price-to-earnings ratio of 251.54, a price-to-earnings-growth ratio of 4.48 and a beta of 2.02. Delek US has a 52 week low of $20.65 and a 52 week high of $33.74.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 22nd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Tuesday, November 21st. Delek US’s dividend payout ratio (DPR) is presently 37.97%.
In related news, insider Daniel L. Gordon sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $26.16, for a total value of $26,160.00. Following the completion of the sale, the insider now directly owns 18,572 shares of the company’s stock, valued at $485,843.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director David Wiessman sold 84,121 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $33.07, for a total transaction of $2,781,881.47. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 202,003 shares of company stock valued at $6,490,611. 1.61% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. raised its holdings in Delek US by 315.5% in the third quarter. Point72 Asset Management L.P. now owns 2,790,717 shares of the oil and gas company’s stock worth $74,596,000 after purchasing an additional 2,119,017 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Delek US by 35.1% in the third quarter. Dimensional Fund Advisors LP now owns 7,058,494 shares of the oil and gas company’s stock worth $188,672,000 after purchasing an additional 1,833,630 shares in the last quarter. Vanguard Group Inc. raised its holdings in Delek US by 33.7% in the second quarter. Vanguard Group Inc. now owns 6,958,487 shares of the oil and gas company’s stock worth $183,982,000 after purchasing an additional 1,753,373 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Delek US by 67.0% in the second quarter. JPMorgan Chase & Co. now owns 2,415,921 shares of the oil and gas company’s stock worth $63,877,000 after purchasing an additional 969,671 shares in the last quarter. Finally, FMR LLC raised its holdings in Delek US by 24.9% in the second quarter. FMR LLC now owns 4,248,836 shares of the oil and gas company’s stock worth $112,339,000 after purchasing an additional 846,855 shares in the last quarter. 93.24% of the stock is owned by institutional investors.
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About Delek US
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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