Tudor Pickering upgraded shares of Delek US Holdings, Inc. (NYSE:DK) from a hold rating to a buy rating in a research report sent to investors on Friday, MarketBeat Ratings reports.
A number of other brokerages have also issued reports on DK. Raymond James Financial, Inc. upgraded shares of Delek US Holdings from an outperform rating to a strong-buy rating and raised their target price for the stock from $32.00 to $35.00 in a research report on Monday, November 13th. Scotiabank reaffirmed a hold rating and set a $26.00 price target on shares of Delek US Holdings in a research note on Friday, September 8th. Zacks Investment Research downgraded shares of Delek US Holdings from a buy rating to a hold rating in a research note on Monday, July 24th. Macquarie raised shares of Delek US Holdings from a neutral rating to an outperform rating in a research note on Monday, October 23rd. Finally, Cowen and Company reaffirmed a buy rating and set a $30.00 price target on shares of Delek US Holdings in a research note on Thursday, August 17th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Delek US Holdings presently has an average rating of Buy and a consensus target price of $30.83.
Shares of Delek US Holdings (DK) opened at $29.99 on Friday. Delek US Holdings has a 1 year low of $19.09 and a 1 year high of $30.01. The stock has a market cap of $2,420.00, a P/E ratio of 228.54, a P/E/G ratio of 4.64 and a beta of 1.92. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.49.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Tuesday, November 21st. Delek US Holdings’s dividend payout ratio is presently 7.19%.
In related news, COO Frederec Green sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donald Norman Holmes sold 1,018 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $25.19, for a total transaction of $25,643.42. Following the sale, the insider now directly owns 30,989 shares of the company’s stock, valued at $780,612.91. The disclosure for this sale can be found here. In the last three months, insiders sold 37,527 shares of company stock worth $1,034,580. Insiders own 1.61% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Midwest Bank Trust Division grew its holdings in Delek US Holdings by 1.8% during the 2nd quarter. First Midwest Bank Trust Division now owns 13,732 shares of the oil and gas company’s stock valued at $365,000 after purchasing an additional 237 shares in the last quarter. Tudor Investment Corp ET AL grew its holdings in Delek US Holdings by 15.6% during the 1st quarter. Tudor Investment Corp ET AL now owns 12,342 shares of the oil and gas company’s stock valued at $300,000 after purchasing an additional 1,666 shares in the last quarter. Amalgamated Bank grew its holdings in Delek US Holdings by 24.0% during the 3rd quarter. Amalgamated Bank now owns 9,694 shares of the oil and gas company’s stock valued at $259,000 after purchasing an additional 1,875 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Delek US Holdings by 5.7% during the 2nd quarter. GSA Capital Partners LLP now owns 35,100 shares of the oil and gas company’s stock valued at $928,000 after purchasing an additional 1,900 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Delek US Holdings by 15.9% during the 2nd quarter. Van ECK Associates Corp now owns 15,029 shares of the oil and gas company’s stock valued at $397,000 after purchasing an additional 2,057 shares in the last quarter. 77.02% of the stock is owned by institutional investors and hedge funds.
Delek US Holdings Company Profile
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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