Delek US Holdings, Inc. (NYSE:DK)‘s stock had its “buy” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday, October 18th. They currently have a $35.00 price objective on the oil and gas company’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 35.19% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Tudor Pickering reissued a “hold” rating on shares of Delek US Holdings in a research note on Wednesday, July 12th. BidaskClub lowered Delek US Holdings from a “hold” rating to a “sell” rating in a research note on Monday, August 14th. Zacks Investment Research downgraded Delek US Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. JPMorgan Chase & Co. restated a “neutral” rating and set a $28.00 price objective on shares of Delek US Holdings in a research report on Tuesday, July 11th. Finally, Scotiabank set a $26.00 price objective on Delek US Holdings and gave the company a “hold” rating in a research report on Monday, June 26th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $29.10.
Delek US Holdings (NYSE DK) traded up 0.12% during trading on Wednesday, reaching $25.92. 204,499 shares of the company’s stock were exchanged. The firm’s market cap is $2.11 billion. The firm’s 50-day moving average price is $25.98 and its 200-day moving average price is $25.09. Delek US Holdings has a 12 month low of $14.76 and a 12 month high of $27.85.
Delek US Holdings (NYSE:DK) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.37). Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $944.29 million. During the same period in the previous year, the company posted ($0.08) earnings per share. Delek US Holdings’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts anticipate that Delek US Holdings will post $0.52 EPS for the current year.
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In other Delek US Holdings news, insider Daniel L. Gordon sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $26.16, for a total transaction of $26,160.00. Following the transaction, the insider now directly owns 18,572 shares in the company, valued at approximately $485,843.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Anthony L. Miller sold 1,509 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $26.28, for a total value of $39,656.52. Following the transaction, the insider now owns 11,370 shares in the company, valued at $298,803.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,027 shares of company stock worth $249,830. Company insiders own 1.61% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. bought a new stake in Delek US Holdings during the 1st quarter valued at $129,000. Amalgamated Bank bought a new stake in Delek US Holdings during the 2nd quarter valued at $207,000. Aperio Group LLC bought a new stake in Delek US Holdings during the 3rd quarter valued at $236,000. Airain ltd bought a new stake in Delek US Holdings during the 2nd quarter valued at $244,000. Finally, SG Americas Securities LLC bought a new stake in Delek US Holdings during the 2nd quarter valued at $245,000. Institutional investors own 97.01% of the company’s stock.
About Delek US Holdings
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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