Delek US (NYSE:DK) had its target price increased by Deutsche Bank from $43.00 to $46.00 in a report issued on Monday, March 19th. Deutsche Bank currently has a hold rating on the oil and gas company’s stock.
Several other equities analysts have also weighed in on the stock. JPMorgan Chase reissued a neutral rating and issued a $43.00 price objective (up from $41.00) on shares of Delek US in a research report on Tuesday, March 13th. ValuEngine raised shares of Delek US from a hold rating to a buy rating in a research report on Friday, March 2nd. Royal Bank of Canada reissued a buy rating and issued a $42.00 price objective on shares of Delek US in a research report on Thursday, March 1st. Citigroup set a $46.00 price objective on shares of Delek US and gave the company a buy rating in a research report on Wednesday, February 28th. Finally, Zacks Investment Research raised shares of Delek US from a hold rating to a strong-buy rating and set a $39.00 price objective on the stock in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Delek US presently has an average rating of Buy and a consensus price target of $39.47.
Shares of DK stock opened at $44.11 on Monday. The firm has a market capitalization of $3,553.14, a price-to-earnings ratio of 35.01, a PEG ratio of 1.90 and a beta of 1.43. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.45. Delek US has a one year low of $20.65 and a one year high of $44.45.
Delek US (NYSE:DK) last announced its quarterly earnings results on Monday, February 26th. The oil and gas company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. The firm had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Delek US had a net margin of 3.99% and a return on equity of 5.99%. The company’s revenue for the quarter was up 129.0% compared to the same quarter last year. During the same quarter last year, the company posted ($0.44) earnings per share. equities research analysts predict that Delek US will post 2.22 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Monday, March 12th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.81%. This is an increase from Delek US’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, March 9th. Delek US’s dividend payout ratio is presently 63.49%.
Delek US announced that its Board of Directors has initiated a share repurchase program on Monday, February 26th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the oil and gas company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.
In other Delek US news, CFO Kevin L. Kremke sold 3,400 shares of the stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $37.01, for a total transaction of $125,834.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Anthony L. Miller sold 1,118 shares of the stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $36.87, for a total transaction of $41,220.66. The disclosure for this sale can be found here. Insiders have sold 235,109 shares of company stock worth $8,782,256 over the last quarter. Corporate insiders own 1.40% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP bought a new stake in Delek US during the 3rd quarter valued at $114,000. Meeder Asset Management Inc. boosted its holdings in Delek US by 194.4% during the 4th quarter. Meeder Asset Management Inc. now owns 3,286 shares of the oil and gas company’s stock worth $115,000 after acquiring an additional 2,170 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in Delek US by 51.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock worth $188,000 after acquiring an additional 2,412 shares during the last quarter. ETRADE Capital Management LLC purchased a new position in Delek US during the 3rd quarter worth $215,000. Finally, Aperio Group LLC purchased a new position in Delek US during the 3rd quarter worth $236,000. Hedge funds and other institutional investors own 91.07% of the company’s stock.
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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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