Delek US Holdings Inc (NYSE:DK) has received a consensus recommendation of “Buy” from the eighteen research firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $52.15.
Several research firms have recently weighed in on DK. ValuEngine raised Delek US from a “sell” rating to a “hold” rating in a research report on Monday, November 26th. Tudor Pickering cut Delek US from a “buy” rating to a “hold” rating in a research report on Friday, November 30th. Morgan Stanley reduced their price target on shares of Delek US from $62.00 to $52.00 and set an “overweight” rating for the company in a report on Tuesday, November 20th. Barclays reduced their price target on shares of Delek US from $62.00 to $58.00 and set an “overweight” rating for the company in a report on Wednesday, October 3rd. Finally, Credit Suisse Group reduced their price target on shares of Delek US from $67.00 to $59.00 and set an “outperform” rating for the company in a report on Tuesday, October 9th.
In other news, EVP Avigal Soreq sold 1,500 shares of the firm’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $40.21, for a total transaction of $60,315.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in DK. Dupont Capital Management Corp bought a new position in shares of Delek US during the second quarter valued at $2,087,000. Raymond James Financial Services Advisors Inc. bought a new position in Delek US during the 2nd quarter valued at about $1,375,000. Comerica Bank lifted its holdings in Delek US by 145.6% during the 2nd quarter. Comerica Bank now owns 17,674 shares of the oil and gas company’s stock valued at $838,000 after purchasing an additional 10,477 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Delek US by 51.9% during the 2nd quarter. Wells Fargo & Company MN now owns 436,395 shares of the oil and gas company’s stock valued at $21,894,000 after purchasing an additional 149,037 shares during the last quarter. Finally, Kovack Advisors Inc. bought a new position in Delek US during the 2nd quarter valued at about $330,000.
DK stock traded up $0.91 during mid-day trading on Tuesday, reaching $39.45. 8,077 shares of the stock traded hands, compared to its average volume of 1,732,191. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.43 and a quick ratio of 0.97. Delek US has a 52 week low of $29.92 and a 52 week high of $61.57. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 31.05, a price-to-earnings-growth ratio of 0.95 and a beta of 1.32.
Delek US (NYSE:DK) last released its quarterly earnings results on Tuesday, November 6th. The oil and gas company reported $2.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.08 by ($0.06). Delek US had a net margin of 4.40% and a return on equity of 17.94%. The firm had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.96 billion. Equities analysts expect that Delek US will post 4.14 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 4th. Investors of record on Tuesday, November 20th were given a $0.26 dividend. This is a boost from Delek US’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a yield of 2.64%. The ex-dividend date was Monday, November 19th. Delek US’s dividend payout ratio (DPR) is 82.54%.
Delek US Company Profile
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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