The Delek US Holdings’ (DK) “Equal Weight” Rating Reiterated at Barclays PLC

The Delek US Holdings’ (DK) “Equal Weight” Rating Reiterated at Barclays PLC

Barclays PLC reissued their equal weight rating on shares of Delek US Holdings Inc. (NYSE:DK) in a research report sent to investors on Monday. The brokerage currently has a $19.00 price target on the stock, up from their previous price target of $16.00.

A number of other research analysts have also recently weighed in on DK. Piper Jaffray Cos. raised their price target on Delek US Holdings from $13.00 to $14.00 and gave the company a neutral rating in a research report on Friday, September 16th. Citigroup Inc. began coverage on Delek US Holdings in a research report on Wednesday, September 14th. They issued a buy rating and a $23.00 price target for the company. Zacks Investment Research cut Delek US Holdings from a hold rating to a sell rating in a research report on Wednesday, October 5th. Raymond James Financial Inc. raised their price target on Delek US Holdings from $20.00 to $21.00 and gave the company a hold rating in a research report on Thursday, September 15th. Finally, Morgan Stanley reiterated a hold rating and set a $15.00 price objective on shares of Delek US Holdings in a research report on Thursday, September 1st. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $19.88.

Delek US Holdings (NYSE:DK) opened at 16.68 on Monday. The firm’s market cap is $1.03 billion. The firm has a 50-day moving average of $17.48 and a 200-day moving average of $14.94. Delek US Holdings has a 52-week low of $11.41 and a 52-week high of $29.90.

Delek US Holdings (NYSE:DK) last released its earnings results on Wednesday, August 3rd. The company reported ($0.08) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.18. Delek US Holdings had a negative return on equity of 0.87% and a negative net margin of 0.90%. Equities analysts anticipate that Delek US Holdings will post ($1.40) EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 13th. Investors of record on Tuesday, August 23rd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend was Friday, August 19th. Delek US Holdings’s dividend payout ratio (DPR) is presently -75.00%.

Institutional investors have recently added to or reduced their stakes in the company. Kennedy Capital Management Inc. increased its stake in Delek US Holdings by 34.9% in the first quarter. Kennedy Capital Management Inc. now owns 400,838 shares of the company’s stock valued at $6,109,000 after buying an additional 103,607 shares in the last quarter. HBK Investments L P increased its stake in Delek US Holdings by 249.8% in the first quarter. HBK Investments L P now owns 99,039 shares of the company’s stock valued at $1,509,000 after buying an additional 70,722 shares in the last quarter. Bogle Investment Management L P DE acquired a new stake in Delek US Holdings during the first quarter valued at about $11,671,000. Loomis Sayles & Co. L P increased its stake in Delek US Holdings by 195,145.3% in the first quarter. Loomis Sayles & Co. L P now owns 482,256 shares of the company’s stock valued at $7,350,000 after buying an additional 482,009 shares in the last quarter. Finally, UBS Group AG increased its stake in Delek US Holdings by 368.4% in the first quarter. UBS Group AG now owns 155,045 shares of the company’s stock valued at $2,363,000 after buying an additional 121,947 shares in the last quarter. 92.18% of the stock is currently owned by hedge funds and other institutional investors.

Delek US Holdings Company Profile

Related posts

Leave a Comment