Royal Bank Of Canada Reiterates Buy Rating for Delek US Holdings, Inc. (DK)

Royal Bank Of Canada restated their buy rating on shares of Delek US Holdings, Inc. (NYSE:DK) in a report released on Friday, September 8th. The brokerage currently has a $32.00 price target on the oil and gas company’s stock.

A number of other equities analysts also recently commented on the company. BidaskClub downgraded Delek US Holdings from a strong-buy rating to a buy rating in a research report on Sunday, July 16th. Zacks Investment Research raised Delek US Holdings from a hold rating to a buy rating and set a $30.00 price objective for the company in a research report on Friday, July 21st. Goldman Sachs Group, Inc. (The) raised Delek US Holdings from a neutral rating to a buy rating and boosted their price objective for the stock from $26.00 to $30.00 in a research report on Tuesday, May 16th. Cowen and Company reissued a buy rating and set a $30.00 price objective on shares of Delek US Holdings in a research report on Thursday, August 17th. Finally, Barclays PLC reissued an equal weight rating and set a $28.00 price objective on shares of Delek US Holdings in a research report on Wednesday, July 5th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Delek US Holdings has an average rating of Hold and a consensus price target of $29.00.

Delek US Holdings (DK) traded up 0.98% during mid-day trading on Friday, reaching $25.70. 563,275 shares of the company were exchanged. The stock’s 50-day moving average price is $24.00 and its 200-day moving average price is $24.77. Delek US Holdings has a 1-year low of $14.76 and a 1-year high of $27.85. The stock’s market capitalization is $2.09 billion.

Delek US Holdings (NYSE:DK) last released its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share for the quarter, missing the 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 net margin of 3.15% and a negative return on equity of 4.60%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) earnings per share. On average, equities research analysts anticipate that Delek US Holdings will post $0.18 EPS for the current fiscal year.

WARNING: “Royal Bank Of Canada Reiterates Buy Rating for Delek US Holdings, Inc. (DK)” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://ledgergazette.com/2017/09/24/delek-us-holdings-dk-buy-rating-reiterated-at-royal-bank-of-canada.html.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Monday, August 21st. Delek US Holdings’s dividend payout ratio is currently -25.86%.

In other news, insider Daniel L. Gordon sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 18,572 shares in the company, valued at $485,843.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jared Serff sold 1,136 shares of the company’s 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 sale, the insider now owns 13,683 shares of the company’s stock, valued at approximately $366,704.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,163 shares of company stock valued at $280,275. 1.61% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in DK. Bank of Montreal Can grew its holdings in Delek US Holdings by 42.2% during the first quarter. Bank of Montreal Can now owns 31,228 shares of the oil and gas company’s stock worth $758,000 after acquiring an additional 9,266 shares during the period. Nationwide Fund Advisors grew its holdings in Delek US Holdings by 23.2% during the first quarter. Nationwide Fund Advisors now owns 185,565 shares of the oil and gas company’s stock worth $4,504,000 after acquiring an additional 34,943 shares during the period. Strs Ohio acquired a new position in Delek US Holdings during the first quarter worth $737,000. Canada Pension Plan Investment Board grew its holdings in Delek US Holdings by 219.3% during the first quarter. Canada Pension Plan Investment Board now owns 160,300 shares of the oil and gas company’s stock worth $3,890,000 after acquiring an additional 110,100 shares during the period. Finally, US Bancorp DE grew its holdings in Delek US Holdings by 10.4% during the first quarter. US Bancorp DE now owns

A number of other equities analysts also recently commented on the company. BidaskClub downgraded Delek US Holdings from a strong-buy rating to a buy rating in a research report on Sunday, July 16th. Zacks Investment Research raised Delek US Holdings from a hold rating to a buy rating and set a $30.00 price objective for the company in a research report on Friday, July 21st. Goldman Sachs Group, Inc. (The) raised Delek US Holdings from a neutral rating to a buy rating and boosted their price objective for the stock from $26.00 to $30.00 in a research report on Tuesday, May 16th. Cowen and Company reissued a buy rating and set a $30.00 price objective on shares of Delek US Holdings in a research report on Thursday, August 17th. Finally, Barclays PLC reissued an equal weight rating and set a $28.00 price objective on shares of Delek US Holdings in a research report on Wednesday, July 5th. Ten investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Delek US Holdings has an average rating of Hold and a consensus price target of $29.00.

Delek US Holdings (DK) traded up 0.98% during mid-day trading on Friday, reaching $25.70. 563,275 shares of the company were exchanged. The stock’s 50-day moving average price is $24.00 and its 200-day moving average price is $24.77. Delek US Holdings has a 1-year low of $14.76 and a 1-year high of $27.85. The stock’s market capitalization is $2.09 billion.

Delek US Holdings (NYSE:DK) last released its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share for the quarter, missing the 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 net margin of 3.15% and a negative return on equity of 4.60%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) earnings per share. On average, equities research analysts anticipate that Delek US Holdings will post $0.18 EPS for the current fiscal year.

WARNING: “Royal Bank Of Canada Reiterates Buy Rating for Delek US Holdings, Inc. (DK)” was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece on another site, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The original version of this piece can be read at https://ledgergazette.com/2017/09/24/delek-us-holdings-dk-buy-rating-reiterated-at-royal-bank-of-canada.html.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Monday, August 21st. Delek US Holdings’s dividend payout ratio is currently -25.86%.

In other news, insider Daniel L. Gordon sold 1,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 18,572 shares in the company, valued at $485,843.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jared Serff sold 1,136 shares of the company’s 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 sale, the insider now owns 13,683 shares of the company’s stock, valued at approximately $366,704.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,163 shares of company stock valued at $280,275. 1.61% of the stock is owned by company insiders.

A number of hedge funds have recently made changes to their positions in DK. Bank of Montreal Can grew its holdings in Delek US Holdings by 42.2% during the first quarter. Bank of Montreal Can now owns 31,228 shares of the oil and gas company’s stock worth $758,000 after acquiring an additional 9,266 shares during the period. Nationwide Fund Advisors grew its holdings in Delek US Holdings by 23.2% during the first quarter. Nationwide Fund Advisors now owns 185,565 shares of the oil and gas company’s stock worth $4,504,000 after acquiring an additional 34,943 shares during the period. Strs Ohio acquired a new position in Delek US Holdings during the first quarter worth $737,000. Canada Pension Plan Investment Board grew its holdings in Delek US Holdings by 219.3% during the first quarter. Canada Pension Plan Investment Board now owns 160,300 shares of the oil and gas company’s stock worth $3,890,000 after acquiring an additional 110,100 shares during the period. Finally, US Bancorp DE grew its holdings in Delek US Holdings by 10.4% during the first quarter. US Bancorp DE now owns 26,749 shares of the oil and gas company’s stock worth $649,000 after acquiring an additional 2,510 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Delek US Holdings (NYSE:DK)

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