Published On: Thu, Sep 15th, 2016

Delek US Holdings Inc. (DK) Given New $21.00 Price Target at Raymond James Financial Inc.

Delek US Holdings Inc. (NYSE:DK) had its price objective increased by stock analysts at Raymond James Financial Inc. from $20.00 to $21.00 in a report issued on Thursday. The brokerage currently has a “hold” rating on the stock. Raymond James Financial Inc.’s price objective would indicate a potential upside of 17.71% from the stock’s previous close.
Several other research firms also recently commented on DK. Wells Fargo & Co. reissued a “buy” rating on shares of Delek US Holdings in a research report on Saturday, July 9th. Vetr downgraded shares of Delek US Holdings from a “strong-buy” rating to a “buy” rating and set a $14.25 target price for the company. in a research report on Wednesday, August 3rd. Barclays PLC boosted their target price on shares of Delek US Holdings from $15.00 to $16.00 and gave the stock an “equal weight” rating in a research report on Friday, August 5th. JPMorgan Chase & Co. boosted their target price on shares of Delek US Holdings from $12.00 to $14.00 and gave the stock a “neutral” rating in a research report on Friday, August 5th. Finally, RBC Capital Markets reissued an “outperform” rating and set a $19.00 target price (up from $17.00) on shares of Delek US Holdings in a research report on Friday, August 5th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $19.60.
Shares of Delek US Holdings (NYSE:DK) traded up 2.02% during midday trading on Thursday, reaching $18.20. 197,872 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $15.92 and a 200 day moving average price of $14.66. The firm’s market cap is $1.13 billion. Delek US Holdings has a 12 month low of $11.41 and a 12 month high of $30.84.

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Delek US Holdings (NYSE:DK) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.08) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.18. Delek US Holdings had a negative net margin of 0.90% and a negative return on equity of 0.87%. Equities research analysts predict that Delek US Holdings will post ($1.42) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Tuesday, August 23rd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Friday, August 19th. Delek US Holdings’s payout ratio is currently -75.00%.
Several hedge funds have recently made changes to their positions in DK. BlackRock Inc. boosted its stake in shares of Delek US Holdings by 81.4% in the first quarter. BlackRock Inc. now owns 7,420 shares of the company’s stock worth $113,000 after buying an additional 3,329 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Delek US Holdings during the second quarter worth approximately $138,000. Tower Research Capital LLC TRC boosted its stake in shares of Delek US Holdings by 3,358.7% in the second quarter. Tower Research Capital LLC TRC now owns 10,791 shares of the company’s stock worth $142,000 after buying an additional 10,479 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Delek US Holdings during the first quarter worth approximately $164,000. Finally, First Midwest Bank Trust Division acquired a new stake in shares of Delek US Holdings during the second quarter worth approximately $176,000. Institutional investors own 92.18% of the company’s stock.
About Delek US Holdings
Delek US Holdings, Inc is an integrated energy business focused on petroleum refining, the transportation, storage and wholesale of crude oil, intermediate and refined products and convenience store retailing. The Company operates through three segments: Refining, Logistics and Retail. Its Refining Segment operates independent refineries in Tyler, Texas, and El Dorado, Arkansas with a combined design crude distillation capacity of approximately 155,000 barrels per day (bpd).

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