Delek US Holdings, Inc. (NYSE:DK – Get Free Report) shares gapped up prior to trading on Monday after Bank of America raised their price target on the stock from $31.00 to $35.00. The stock had previously closed at $29.76, but opened at $30.46. Bank of America currently has a neutral rating on the stock. Delek US shares last traded at $30.78, with a volume of 138,358 shares changing hands.
A number of other analysts have also recently issued reports on the company. Mizuho lifted their price objective on Delek US from $28.00 to $33.00 and gave the company an “underperform” rating in a research report on Monday. Wells Fargo & Company boosted their price target on Delek US from $19.00 to $24.00 and gave the stock an “underweight” rating in a research report on Friday, September 8th. StockNews.com initiated coverage on Delek US in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Raymond James boosted their price target on Delek US from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 8th. Finally, Morgan Stanley reduced their price target on Delek US from $27.00 to $25.00 and set an “underweight” rating for the company in a research report on Tuesday, July 18th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $29.27.
Insider Activity at Delek US
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of DK. Advisor Group Holdings Inc. boosted its holdings in shares of Delek US by 44.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 486 shares in the last quarter. American Century Companies Inc. lifted its holdings in Delek US by 22.1% during the 1st quarter. American Century Companies Inc. now owns 22,726 shares of the oil and gas company’s stock worth $482,000 after buying an additional 4,120 shares in the last quarter. Citigroup Inc. lifted its holdings in Delek US by 3.6% during the 1st quarter. Citigroup Inc. now owns 76,831 shares of the oil and gas company’s stock worth $1,630,000 after buying an additional 2,683 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in Delek US by 55.2% during the 1st quarter. MetLife Investment Management LLC now owns 36,779 shares of the oil and gas company’s stock worth $780,000 after buying an additional 13,076 shares in the last quarter. Finally, APG Asset Management N.V. acquired a new position in Delek US during the 1st quarter worth $217,000. 97.01% of the stock is owned by institutional investors and hedge funds.
Delek US Stock Performance
The firm has a fifty day simple moving average of $27.00 and a 200-day simple moving average of $24.32. The company has a current ratio of 1.10, a quick ratio of 0.66 and a debt-to-equity ratio of 2.60. The stock has a market cap of $1.96 billion, a price-to-earnings ratio of -37.30, a P/E/G ratio of 1.45 and a beta of 1.46.
Delek US (NYSE:DK – Get Free Report) last posted its quarterly earnings data on Monday, August 7th. The oil and gas company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.26. Delek US had a positive return on equity of 19.37% and a negative net margin of 0.31%. The firm had revenue of $4.20 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the prior year, the business earned $4.40 EPS. The business’s revenue for the quarter was down 28.8% compared to the same quarter last year. Analysts forecast that Delek US Holdings, Inc. will post 4.05 EPS for the current fiscal year.
Delek US Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 14th were issued a dividend of $0.235 per share. This is an increase from Delek US’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.94 annualized dividend and a yield of 3.11%. Delek US’s dividend payout ratio is currently -116.05%.
Delek US Company Profile
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. The Refining segment processes crude oil and other feedstock 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 terminal.
- Five stocks we like better than Delek US
- Industrial Products Stocks Investing
- 2 Recession-Proof Intelligence Stocks to Defend Your Portfolio
- How to Invest in Energy
- 5 Reasons Mullen Automotive is About to Turn a Corner
- Basic Materials Stocks Investing
- Qualcomm and Apple Forge Ahead with New Modem Partnership
Receive News & Ratings for Delek US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US and related companies with MarketBeat.com's FREE daily email newsletter.