Delek US Holdings Inc (NYSE:DK) – Stock analysts at Piper Jaffray Companies decreased their Q3 2019 earnings estimates for Delek US in a research report issued to clients and investors on Wednesday, May 15th. Piper Jaffray Companies analyst B. Fernandez now anticipates that the oil and gas company will post earnings per share of $1.43 for the quarter, down from their previous estimate of $1.47. Piper Jaffray Companies also issued estimates for Delek US’s Q4 2019 earnings at $0.41 EPS.
Delek US (NYSE:DK) last released its earnings results on Monday, May 6th. The oil and gas company reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $1.06. The firm had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.02 billion. Delek US had a net margin of 5.48% and a return on equity of 27.94%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 EPS.
Several other analysts also recently commented on the stock. Citigroup downgraded shares of Delek US from a “buy” rating to a “neutral” rating and cut their price objective for the company from $45.00 to $32.92 in a research report on Friday, January 18th. Zacks Investment Research downgraded shares of Delek US from a “hold” rating to a “sell” rating in a research report on Monday, January 21st. ValuEngine raised shares of Delek US from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Mizuho reissued a “buy” rating and set a $60.00 price objective on shares of Delek US in a research report on Thursday, February 21st. Finally, Barclays reissued a “buy” rating and set a $51.00 price objective on shares of Delek US in a research report on Thursday, February 21st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $49.32.
NYSE:DK opened at $35.78 on Thursday. The stock has a market capitalization of $2.73 billion, a PE ratio of 7.45, a price-to-earnings-growth ratio of 0.84 and a beta of 1.31. The company has a current ratio of 1.48, a quick ratio of 1.04 and a debt-to-equity ratio of 0.99. Delek US has a 1-year low of $29.51 and a 1-year high of $61.57.
A number of institutional investors and hedge funds have recently bought and sold shares of DK. Cresset Asset Management LLC bought a new position in shares of Delek US in the 1st quarter worth approximately $29,000. Private Capital Group LLC lifted its stake in shares of Delek US by 258.4% in the 4th quarter. Private Capital Group LLC now owns 853 shares of the oil and gas company’s stock worth $28,000 after purchasing an additional 615 shares during the period. Pearl River Capital LLC bought a new position in shares of Delek US in the 4th quarter worth approximately $36,000. Ayalon Holdings Ltd. bought a new position in shares of Delek US in the 4th quarter worth approximately $91,000. Finally, Penserra Capital Management LLC bought a new position in shares of Delek US in the 4th quarter worth approximately $103,000.
In other Delek US news, CFO Assi Ginzburg sold 10,478 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $38.95, for a total transaction of $408,118.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by corporate insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Monday, June 3rd will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.13%. This is an increase from Delek US’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Friday, May 31st. Delek US’s dividend payout ratio is 22.50%.
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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