Cowen and Company reissued their buy rating on shares of Delek US Holdings, Inc. (NYSE:DK) in a report published on Friday morning. The brokerage currently has a $33.00 target price on the oil and gas company’s stock.
Several other equities analysts have also recently commented on DK. Citigroup Inc. cut Delek US Holdings from a buy rating to a neutral rating and set a $29.00 price target for the company. in a report on Friday, July 14th. BidaskClub cut Delek US Holdings from a strong-buy rating to a buy rating in a report on Sunday, July 16th. Zacks Investment Research cut Delek US Holdings from a buy rating to a hold rating in a report on Tuesday, July 18th. Wolfe Research raised Delek US Holdings from a market perform rating to an outperform rating in a report on Tuesday, July 25th. Finally, Scotiabank set a $26.00 price target on Delek US Holdings and gave the company a hold rating in a report on Thursday, August 3rd. Ten investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $30.00.
Delek US Holdings (NYSE:DK) opened at $27.23 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.49 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $2,235.05, a P/E ratio of 211.08, a price-to-earnings-growth ratio of 5.08 and a beta of 1.92. Delek US Holdings has a twelve month low of $17.31 and a twelve month high of $29.16.
The business also recently disclosed 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. The ex-dividend date is Tuesday, November 21st. This represents a $0.60 annualized dividend and a dividend yield of 2.20%. Delek US Holdings’s dividend payout ratio is currently 37.97%.
In related news, insider Daniel L. Gordon sold 1,000 shares of the 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 sale, the insider now directly owns 18,572 shares in the company, valued at approximately $485,843.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Assi Ginzburg sold 20,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $28.00, for a total value of $560,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 37,527 shares of company stock worth $1,034,580. Corporate insiders own 1.61% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in Delek US Holdings during the 3rd quarter worth approximately $114,000. Hanseatic Management Services Inc. boosted its position in Delek US Holdings by 18,606.3% in the 3rd quarter. Hanseatic Management Services Inc. now owns 5,986 shares of the oil and gas company’s stock valued at $160,000 after buying an additional 5,954 shares during the last quarter. Great West Life Assurance Co. Can boosted its position in Delek US Holdings by 51.3% in the 3rd quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock valued at $188,000 after buying an additional 2,412 shares during the last quarter. Amalgamated Bank bought a new position in Delek US Holdings in the 2nd quarter valued at $207,000. Finally, ETRADE Capital Management LLC bought a new position in Delek US Holdings in the 3rd quarter valued at $215,000. Institutional investors and hedge funds own 97.01% of the company’s stock.
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.
Receive News & Ratings for Delek US Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.