Delek US Target of Unusually High Options Trading (DK)
Delek US Holdings Inc (NYSE:DK) was the target of some unusual options trading on Monday. Stock investors purchased 8,456 call options on the stock. This represents an increase of 4,845% compared to the typical volume of 171 call options.
Several equities analysts recently issued reports on DK shares. Morgan Stanley lowered Delek US from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $52.00 to $40.00 in a research report on Wednesday, January 9th. JPMorgan Chase & Co. lowered Delek US from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $53.00 to $48.00 in a research report on Monday, December 10th. ValuEngine upgraded Delek US from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Royal Bank of Canada lowered Delek US from an “outperform” rating to a “sector perform” rating in a research report on Monday, January 7th. Finally, Zacks Investment Research upgraded Delek US from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 20th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $51.63.
Large investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC acquired a new position in Delek US during the 3rd quarter worth approximately $2,407,000. Menora Mivtachim Holdings LTD. acquired a new position in Delek US during the 4th quarter worth approximately $120,179,000. Fisher Asset Management LLC boosted its position in Delek US by 14.5% during the 4th quarter. Fisher Asset Management LLC now owns 945,702 shares of the oil and gas company’s stock worth $30,745,000 after acquiring an additional 119,429 shares during the last quarter. Peregrine Capital Management LLC raised its stake in shares of Delek US by 49.8% during the 4th quarter. Peregrine Capital Management LLC now owns 186,588 shares of the oil and gas company’s stock worth $6,066,000 after purchasing an additional 62,037 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Delek US during the 4th quarter worth approximately $374,000.
Delek US (NYSE:DK) last released its quarterly earnings results on Tuesday, February 19th. The oil and gas company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.32. Delek US had a return on equity of 23.22% and a net margin of 3.52%. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $3.03 billion. On average, sell-side analysts forecast that Delek US will post 4.43 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 19th. Shareholders of record on Tuesday, March 5th were given a dividend of $0.27 per share. The ex-dividend date was Monday, March 4th. This represents a $1.08 dividend on an annualized basis and a yield of 2.95%. This is an increase from Delek US’s previous quarterly dividend of $0.26. Delek US’s dividend payout ratio is 22.50%.
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About Delek US
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminals.
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