Published On: Fri, Sep 16th, 2016

Piper Jaffray Cos. Increases Delek US Holdings Inc. (DK) Price Target to $14.00

Delek US Holdings Inc. (NYSE:DK) had its target price raised by equities research analysts at Piper Jaffray Cos. from $13.00 to $14.00 in a note issued to investors on Friday. The brokerage currently has a “neutral” rating on the stock. Piper Jaffray Cos.’s target price would indicate a potential downside of 22.82% from the stock’s current price.
Other equities research analysts have also issued reports about the stock. Vetr lowered shares of Delek US Holdings from a “strong-buy” rating to a “buy” rating and set a $14.25 price target on the stock. in a research note on Wednesday, August 3rd. Credit Suisse Group AG reiterated a “buy” rating and set a $17.00 price target on shares of Delek US Holdings in a research note on Thursday, July 14th. Wells Fargo & Co. reiterated a “buy” rating on shares of Delek US Holdings in a research note on Saturday, July 9th. Citigroup Inc. started coverage on shares of Delek US Holdings in a research note on Wednesday. They set a “buy” rating and a $23.00 price target on the stock. Finally, Barclays PLC lowered shares of Delek US Holdings from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $20.00 to $15.00 in a research note on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $19.66.
Shares of Delek US Holdings (NYSE:DK) traded down 0.72% on Friday, hitting $18.01. 426,735 shares of the company’s stock were exchanged. The stock’s market cap is $1.11 billion. Delek US Holdings has a 12-month low of $11.41 and a 12-month high of $30.74. The company’s 50-day moving average price is $16.10 and its 200 day moving average price is $14.69.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/16/piper-jaffray-cos-increases-delek-us-holdings-inc-dk-price-target-to-14-00.html

Delek US Holdings (NYSE:DK) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.08) EPS for the quarter, topping the Thomson Reuters’ 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%. On average, equities analysts predict that Delek US Holdings will post ($1.42) earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 13th. Shareholders of record on Tuesday, August 23rd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Friday, August 19th. Delek US Holdings’s payout ratio is currently -75.00%.
Institutional investors have recently made changes to their positions in the company. Van ECK Associates Corp boosted its position in shares of Delek US Holdings by 2.3% in the second quarter. Van ECK Associates Corp now owns 18,472 shares of the company’s stock worth $244,000 after buying an additional 409 shares during the last quarter. American International Group Inc. boosted its position in shares of Delek US Holdings by 1.6% in the second quarter. American International Group Inc. now owns 35,497 shares of the company’s stock worth $469,000 after buying an additional 570 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Delek US Holdings by 2.9% in the second quarter. Ameriprise Financial Inc. now owns 36,521 shares of the company’s stock worth $482,000 after buying an additional 1,036 shares during the last quarter. US Bancorp DE boosted its position in shares of Delek US Holdings by 5.9% in the second quarter. US Bancorp DE now owns 23,485 shares of the company’s stock worth $309,000 after buying an additional 1,307 shares during the last quarter. Finally, Strs Ohio boosted its position in shares of Delek US Holdings by 4.8% in the second quarter. Strs Ohio now owns 45,400 shares of the company’s stock worth $599,000 after buying an additional 2,100 shares during the last quarter. Institutional investors own 92.18% of the company’s stock.
Delek US Holdings Company Profile
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).

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.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>