Investment Analysts’ Weekly Ratings Changes for Delek US Holdings (DK)

Delek US Holdings (NYSE: DK) has recently received a number of price target changes and ratings updates:

  • 8/3/2017 – Delek US Holdings was given a new $26.00 price target on by analysts at Scotiabank. They now have a “hold” rating on the stock.
  • 8/1/2017 – Delek US Holdings was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/25/2017 – Delek US Holdings was upgraded by analysts at Wolfe Research from a “market perform” rating to an “outperform” rating.
  • 7/24/2017 – Delek US Holdings was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “DELEK US HOLDINGS, INC. is a diversified energy business focused on petroleum refining, marketing and supply of refined products, and retail marketing of fuel and general merchandise. “
  • 7/21/2017 – Delek US Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $30.00 price target on the stock. According to Zacks, “DELEK US HOLDINGS, INC. is a diversified energy business focused on petroleum refining, marketing and supply of refined products, and retail marketing of fuel and general merchandise. “
  • 7/18/2017 – Delek US Holdings was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “DELEK US HOLDINGS, INC. is a diversified energy business focused on petroleum refining, marketing and supply of refined products, and retail marketing of fuel and general merchandise. “
  • 7/16/2017 – Delek US Holdings was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/14/2017 – Delek US Holdings was downgraded by analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating. They now have a $29.00 price target on the stock.
  • 7/12/2017 – Delek US Holdings had its “hold” rating reaffirmed by analysts at Tudor Pickering.
  • 7/11/2017 – Delek US Holdings had its “neutral” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $28.00 price target on the stock.
  • 7/5/2017 – Delek US Holdings had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $28.00 price target on the stock.
  • 7/2/2017 – Delek US Holdings was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/26/2017 – Delek US Holdings was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/26/2017 – Delek US Holdings was given a new $26.00 price target on by analysts at Scotiabank. They now have a “hold” rating on the stock.
  • 6/20/2017 – Delek US Holdings was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Delek US Holdings, Inc. (NYSE:DK) opened at 23.65 on Wednesday. Delek US Holdings, Inc. has a 1-year low of $14.12 and a 1-year high of $27.85. The firm has a 50-day moving average price of $26.25 and a 200 day moving average price of $24.58. The company’s market capitalization is $1.47 billion.

Delek US Holdings (NYSE:DK) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.37. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $944.29 million. Delek US Holdings had a negative return on equity of 4.60% and a negative net margin of 3.15%. The business’s revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) earnings per share. On average, equities analysts predict that Delek US Holdings, Inc. will post ($0.07) EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date is Monday, August 21st. Delek US Holdings’s dividend payout ratio is presently -25.86%.

In other news, CFO Assi Ginzburg sold 8,936 shares of Delek US Holdings stock in a transaction that occurred on Friday, May 26th. The stock was sold at an average price of $25.33, for a total value of $226,348.88. Following the sale, the chief financial officer now directly owns 94,431 shares of the company’s stock, valued at $2,391,937.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jared Serff sold 1,136 shares of Delek US Holdings stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $26.80, for a total value of $30,444.80. Following the completion of the sale, the insider now directly owns 13,683 shares in the company, valued at $366,704.40. The disclosure for this sale can be found here. Insiders sold 238,345 shares of company stock worth $6,072,096 over the last ninety days. Corporate insiders own 1.42% of the company’s stock.

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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