ValuEngine upgraded shares of Delek US (NYSE:DK) from a sell rating to a hold rating in a report published on Monday, February 4th.
DK has been the subject of a number of other research reports. Zacks Investment Research downgraded Delek US from a hold rating to a sell rating in a report on Monday, January 21st. Citigroup downgraded Delek US from a buy rating to a neutral rating and decreased their target price for the stock from $45.00 to $32.92 in a report on Friday, January 18th. Barclays reaffirmed a buy rating and set a $51.00 target price on shares of Delek US in a report on Friday, January 11th. Piper Jaffray Companies reaffirmed a neutral rating on shares of Delek US in a report on Thursday, January 10th. Finally, Morgan Stanley downgraded Delek US from an overweight rating to an equal weight rating and decreased their target price for the stock from $52.00 to $40.00 in a report on Wednesday, January 9th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Delek US has a consensus rating of Hold and a consensus target price of $51.16.
NYSE DK traded up $0.97 during trading on Monday, hitting $36.35. The company’s stock had a trading volume of 1,096,698 shares, compared to its average volume of 1,494,308. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.97 and a current ratio of 1.43. The company has a market cap of $3.03 billion, a PE ratio of 7.57, a P/E/G ratio of 0.80 and a beta of 1.22. Delek US has a fifty-two week low of $29.51 and a fifty-two week high of $61.57.
Delek US (NYSE:DK) last issued its quarterly earnings results on Tuesday, February 19th. The oil and gas company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.32. The business had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $3.03 billion. Delek US had a return on equity of 23.17% and a net margin of 3.52%. On average, sell-side analysts predict that Delek US will post 4.48 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 19th. Investors of record on Tuesday, March 5th will be given a dividend of $0.27 per share. This is a boost from Delek US’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 2.97%. The ex-dividend date is Monday, March 4th. Delek US’s dividend payout ratio (DPR) is currently 21.67%.
Hedge funds have recently made changes to their positions in the stock. FMR LLC increased its position in shares of Delek US by 47.3% in the second quarter. FMR LLC now owns 9,933,478 shares of the oil and gas company’s stock valued at $498,363,000 after buying an additional 3,190,607 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Delek US in the second quarter valued at approximately $606,000. United Services Automobile Association increased its position in shares of Delek US by 74.7% in the second quarter. United Services Automobile Association now owns 61,014 shares of the oil and gas company’s stock valued at $3,061,000 after buying an additional 26,097 shares in the last quarter. Viking Fund Management LLC increased its position in shares of Delek US by 15.8% in the third quarter. Viking Fund Management LLC now owns 220,000 shares of the oil and gas company’s stock valued at $9,335,000 after buying an additional 30,000 shares in the last quarter. Finally, Polianta Ltd purchased a new stake in shares of Delek US in the third quarter valued at approximately $1,149,000.
Delek US Company Profile
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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