Shares of Delek US Holdings, Inc. (NYSE:DK – Get Rating) gapped down prior to trading on Friday . The stock had previously closed at $27.36, but opened at $25.83. Delek US shares last traded at $24.83, with a volume of 8,768 shares traded.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on the stock. Cowen boosted their price target on shares of Delek US to $30.00 in a research report on Tuesday, September 20th. Piper Sandler reduced their price target on shares of Delek US from $47.00 to $46.00 and set an "overweight" rating on the stock in a research report on Monday, September 12th. Morgan Stanley boosted their price target on shares of Delek US from $25.00 to $27.00 and gave the stock an "underweight" rating in a research report on Friday, July 15th. Raymond James boosted their price target on shares of Delek US from $35.00 to $37.00 and gave the stock an "outperform" rating in a research report on Friday, September 9th. Finally, Wolfe Research upgraded shares of Delek US from a "peer perform" rating to an "outperform" rating and set a $49.00 price target on the stock in a research report on Wednesday, September 14th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Delek US currently has a consensus rating of "Hold" and a consensus price target of $31.92.
Get Delek US alerts:Delek US Price Performance
The stock has a market capitalization of $1.75 billion, a PE ratio of 5.12, a price-to-earnings-growth ratio of 0.19 and a beta of 1.51. The company has a quick ratio of 0.65, a current ratio of 1.08 and a debt-to-equity ratio of 2.05. The stock's 50 day moving average price is $26.98 and its 200-day moving average price is $25.94.
Delek US (NYSE:DK – Get Rating) last issued its earnings results on Thursday, August 4th. The oil and gas company reported $4.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.47 by $1.93. The firm had revenue of $5.98 billion during the quarter, compared to analyst estimates of $4.09 billion. Delek US had a net margin of 2.09% and a return on equity of 30.44%. The business's revenue was up 173.0% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.88) earnings per share. As a group, equities analysts forecast that Delek US Holdings, Inc. will post 9.45 EPS for the current year.Delek US Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date was Friday, August 19th. Delek US's dividend payout ratio is currently 16.63%.
Institutional Trading of Delek US
A number of hedge funds have recently added to or reduced their stakes in the business. American International Group Inc. lifted its stake in Delek US by 1.2% in the second quarter. American International Group Inc. now owns 32,994 shares of the oil and gas company's stock worth $853,000 after acquiring an additional 393 shares during the period. Advisor Group Holdings Inc. lifted its position in shares of Delek US by 44.3% during the first quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company's stock valued at $33,000 after buying an additional 486 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Delek US by 0.8% during the fourth quarter. Rhumbline Advisers now owns 100,360 shares of the oil and gas company's stock valued at $1,504,000 after buying an additional 780 shares during the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Delek US by 61.3% during the first quarter. Parkside Financial Bank & Trust now owns 2,086 shares of the oil and gas company's stock valued at $44,000 after buying an additional 793 shares during the last quarter. Finally, Strs Ohio lifted its position in shares of Delek US by 4.5% during the second quarter. Strs Ohio now owns 35,100 shares of the oil and gas company's stock valued at $906,000 after buying an additional 1,500 shares during the last quarter. 94.99% of the stock is owned by hedge funds and other institutional investors.
About Delek US
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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.
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