ValuEngine upgraded shares of Delek US (NYSE:DK) from a hold rating to a buy rating in a research note issued to investors on Tuesday.
A number of other research firms have also issued reports on DK. Mizuho started coverage on shares of Delek US in a research note on Thursday, August 2nd. They issued a buy rating and a $60.00 target price on the stock. TheStreet upgraded shares of Delek US from a c+ rating to a b rating in a research note on Wednesday, August 8th. Wells Fargo & Co raised their target price on shares of Delek US from $49.00 to $60.00 and gave the company an outperform rating in a research note on Wednesday, May 9th. Goldman Sachs Group upgraded shares of Delek US from a buy rating to a conviction-buy rating in a research report on Thursday, June 21st. Finally, Zacks Investment Research lowered shares of Delek US from a buy rating to a hold rating in a research report on Monday, August 6th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. The stock has an average rating of Buy and a consensus target price of $49.57.
NYSE:DK opened at $48.15 on Tuesday. Delek US has a 1 year low of $24.91 and a 1 year high of $61.57. The company has a current ratio of 1.36, a quick ratio of 0.96 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $4.14 billion, a P/E ratio of 18.47, a PEG ratio of 0.99 and a beta of 1.29.
Delek US (NYSE:DK) last posted its earnings results on Tuesday, August 7th. The oil and gas company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.11). Delek US had a net margin of 3.69% and a return on equity of 12.23%. The firm had revenue of $2.56 billion during the quarter, compared to analyst estimates of $2.51 billion. research analysts forecast that Delek US will post 4.96 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Shareholders of record on Tuesday, August 21st were given a $0.25 dividend. The ex-dividend date was Monday, August 20th. This represents a $1.00 annualized dividend and a yield of 2.08%. Delek US’s dividend payout ratio is 79.37%.
In other news, Director Shlomo Zohar sold 40,000 shares of the firm’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $55.79, for a total transaction of $2,231,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin L. Kremke sold 2,650 shares of the firm’s stock in a transaction dated Monday, June 11th. The stock was sold at an average price of $55.79, for a total transaction of $147,843.50. The disclosure for this sale can be found here. Insiders sold a total of 110,234 shares of company stock worth $6,023,372 over the last 90 days. Company insiders own 1.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL lifted its holdings in shares of Delek US by 9.4% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 13,900 shares of the oil and gas company’s stock worth $697,000 after acquiring an additional 1,200 shares during the period. First Midwest Bank Trust Division lifted its holdings in shares of Delek US by 13.2% during the 2nd quarter. First Midwest Bank Trust Division now owns 11,345 shares of the oil and gas company’s stock worth $569,000 after acquiring an additional 1,322 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Delek US by 20.7% during the 1st quarter. Russell Investments Group Ltd. now owns 7,800 shares of the oil and gas company’s stock worth $317,000 after acquiring an additional 1,337 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Delek US by 2.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 60,596 shares of the oil and gas company’s stock worth $2,466,000 after acquiring an additional 1,387 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of Delek US during the 2nd quarter worth about $105,000. 98.22% of the stock is owned by institutional investors.
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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