Delek US Holdings Inc (NYSE:DK) – Stock analysts at Piper Jaffray Companies reduced their Q2 2019 EPS estimates for Delek US in a research note issued on Wednesday, May 15th. Piper Jaffray Companies analyst B. Fernandez now forecasts that the oil and gas company will earn $1.15 per share for the quarter, down from their prior forecast of $1.43. Piper Jaffray Companies also issued estimates for Delek US’s Q1 2020 earnings at $0.48 EPS, Q2 2020 earnings at $1.41 EPS, Q3 2020 earnings at $1.68 EPS, Q4 2020 earnings at $0.57 EPS and FY2020 earnings at $4.15 EPS.
DK has been the topic of a number of other reports. ValuEngine cut shares of Delek US from a “hold” rating to a “sell” rating in a report on Thursday, March 7th. Zacks Investment Research cut shares of Delek US from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Citigroup cut shares of Delek US from a “buy” rating to a “neutral” rating and lowered their price target for the company from $45.00 to $32.92 in a report on Friday, January 18th. Raymond James lowered their price target on shares of Delek US from $46.00 to $45.00 and set a “strong-buy” rating on the stock in a report on Wednesday, April 10th. Finally, Barclays restated a “buy” rating and issued a $51.00 price target on shares of Delek US in a report on Thursday, February 21st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $49.32.
Delek US (NYSE:DK) last issued its earnings results on Monday, May 6th. The oil and gas company reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $1.06. Delek US had a net margin of 5.48% and a return on equity of 27.94%. The company had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.02 billion. During the same period in the prior year, the business earned $0.33 EPS. The firm’s quarterly revenue was down 6.5% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Monday, June 3rd will be issued a $0.28 dividend. This is a boost from Delek US’s previous quarterly dividend of $0.27. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Friday, May 31st. Delek US’s dividend payout ratio (DPR) is currently 22.50%.
In related news, CFO Assi Ginzburg sold 10,478 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $38.95, for a total value of $408,118.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in DK. BlueMountain Capital Management LLC grew its stake in shares of Delek US by 14.9% during the 1st quarter. BlueMountain Capital Management LLC now owns 200,928 shares of the oil and gas company’s stock worth $7,318,000 after purchasing an additional 26,120 shares during the period. Encompass Capital Advisors LLC acquired a new stake in shares of Delek US during the 1st quarter worth approximately $14,223,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Delek US during the 1st quarter worth approximately $3,053,000. Man Group plc grew its stake in shares of Delek US by 78.9% during the 1st quarter. Man Group plc now owns 336,951 shares of the oil and gas company’s stock worth $12,272,000 after purchasing an additional 148,604 shares during the period. Finally, Macquarie Group Ltd. grew its stake in shares of Delek US by 4.7% during the 1st quarter. Macquarie Group Ltd. now owns 1,518,546 shares of the oil and gas company’s stock worth $55,305,000 after purchasing an additional 68,010 shares during the period.
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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