Engulfing Line (Bullish)
|Bid||16.87 x 800|
|Ask||17.62 x 1300|
|Day's Range||16.63 - 17.76|
|52 Week Range||7.79 - 44.08|
|Beta (5Y Monthly)||2.03|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 03, 2020 - Aug 07, 2020|
|Forward Dividend & Yield||1.24 (7.35%)|
|Ex-Dividend Date||May 19, 2020|
|1y Target Est||22.60|
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]
BRENTWOOD, Tenn., June 05, 2020 -- Delek US Holdings, Inc. (“Delek US”) (NYSE: DK) today announced that members of management will participate in the Wells Fargo Virtual West.
Delek US Holdings (DK) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Zacks.com featured highlights include: Delek US, Clearwater Paper, Arrow Electronics, Century Aluminum and Asbury Automotive Group
Delek US Holdings, Inc. (DK) (“Delek US”) and Delek Logistics Partners, LP (DKL) (“Delek Logistics”) today announced an agreement for the dropdown of certain trucking assets to Delek Logistics for total consideration of $48 million in cash. The transaction is effective May 1, 2020, and is expected to be immediately accretive to Delek Logistics' distributable cash flow per unit. Approximately 80 – 85% of this EBITDA guidance is supported by a minimum revenue commitment from Delek US.
Investing guru Carl Icahn has initiated a position in Delek US Holdings (DK), a 13F SEC filing confirms. The 84-year old snapped up 10.5 million DK shares, with a value of $166,000, during the 3-months ended 2020Q1. In March, Icahn revealed a 14.8% stake in Delek, leading the company to adopt a shareholder rights plan.“We have no choice but to take action to prevent a creeping change of control without a premium and on terms that would not deliver sufficient value for all shareholders,” Delek stated at the time.As well as Delek, Icahn also boosted his position in Occidental Petroleum (OXY) by 66 million shares (or 293%), Welbilt (WBT) by 2 million, Newell Brands (NWL) by 2.5 million, the beleaguered car rental company Hertz Global Holdings (HTZ) by 11 million, and Cheniere Energy (LNG) by 0.5 million. At the time of the filing, his total portfolio of 19 stocks was worth $18 billion.Occidental Petroleum is Icahn’s fifth biggest portfolio holding with a total of 88.6 million shares, making up 5.70% of the total portfolio. “While the stock remains somewhat of an option value given massive debt, we believe shares would react positively if all debt is pushed out beyond five years,” SunTrust analyst Neal Dingmann commented recently, as he upgraded the stock from Sell to Hold with a $13 price target.Aside from OXY, Icahn’s number one stock remains Icahn Enterprises, with CVR Energy (CVI) in second place- and Icahn has already stated that Delek “could present an excellent synergistic acquisition opportunity” for CVI.Delek recently announced that it closed the sale of the Bakersfield refinery for $40 million in cash. With the sale, DK expects to eliminate $14 million in annual operating expense and eliminate certain environmental obligations and asset retirement liability reserves on the balance sheet.“We think this is positive for DK, as we expect most (like us) ascribed zero value to the Bakersfield asset. This represents “found money” of more than $0.50 per share, and while there might be some tax leakage, opex savings would increase that figure” cheered RBC Capital Brad Heffern on May 7.Nonetheless he reiterated his Hold rating on the stock with a $16 price target, explaining that “DK does have some sum-of-the-parts upside, but we see the company potentially struggling to unlock this.” Shares in Delek have plummeted 47% on a year-to-date basis, and the stock shows a Hold analyst consensus.In the last three months the stock has received 8 hold ratings vs just 1 buy and 3 sells. The $20 average analyst price target indicates 15% upside potential lies ahead. (See Delek stock analysis on TipRanks).Related News: Hertz Reveals Weak Q1 Earnings; ‘Going Concern’ Update Uber Announces $750M Notes Offering, As GrubHub Takeover Reports Swirl Zoom’s Expansion Plans Feature Two New R&D Centers, Hiring Hundreds More recent articles from Smarter Analyst: * Agilent Up 5% On Solid Revenue Beat, But Top Analysts Stay Cautious * Facebook-Backed Reliance Launches Powerful Online Grocery Service In India * European Launch of Kylie Skin Boosts Coty Stock by 15% * Boeing Cuts 25% Of Its Workforce At Winnipeg Site; Top Analyst Slashes PT To $155
Delek US Holdings, Inc. (NYSE:DK) shareholders are probably feeling a little disappointed, since its shares fell 4.0...
Image source: The Motley Fool. Delek US Holdings (NYSE: DK)Q1 2020 Earnings CallMay 06, 2020, 9:30 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorLadies and gentlemen, thank you for standing by and welcome to the Delek US first-quarter 2020 earnings call.
With the sale, Delek expects to eliminate approximately $14 million in annual operating expenses related to the business. Additionally, the closing of the transaction will allow Delek to eliminate certain environmental and asset retirement liability reserves currently on the balance sheet.
Moody's Investors Service (Moody's) assigned a B1 rating to Delek US Holdings, Inc.'s (Delek) proposed $200 million incremental term loan due 2025. The net proceeds from the term loan issuance will be used for general corporate purposes.
Delek US Holdings (DK) delivered earnings and revenue surprises of -77.55% and 44.58%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Reported first quarter net loss of $(314.4) million and Adjusted EBITDA of $(29.7) millionReducing 2020 capital expenditures by approximately $75 million representing a 23%.
Reported first quarter net income attributable to all partners of $27.8 million; EBITDA increased 23.5% year-over-yearLimited Partners' interest in net income increased.
How far off is Delek US Holdings, Inc. (NYSE:DK) from its intrinsic value? Using the most recent financial data, we'll...
This distribution represents a 0.6 percent increase from the distribution for the fourth quarter 2019 of $0.885 per common limited partner unit ($3.54 per common limited partner unit annualized) and an 8.5 percent increase over Delek Logistics’ distribution for the first quarter 2019 of $0.82 per common limited partner unit ($3.28 per common limited partner unit annualized). The first quarter 2020 cash distribution is payable on May 12, 2020 to unitholders of record on May 5, 2020.
BRENTWOOD, Tenn., April 16, 2020 -- Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today announced that the Partnership intends to issue a press release.
BRENTWOOD, Tenn., April 16, 2020 -- Delek US Holdings, Inc. (NYSE: DK) (“Delek US”) today announced that the Company intends to issue a press release summarizing first quarter.
Delek US Holdings, Inc. (DK) (“Delek US”) and Delek Logistics Partners, LP (DKL) (“Delek Logistics”) today announce the following organizational and management changes along with appointment of a new Chief Financial Officer (CFO). Mr. Reuven Spiegel will be appointed EVP and assume the role of CFO following the departure of Assi Ginzburg in May. Mr. Spiegel has served as a member of the Board of our general partner since July 2014, as a member of the Audit Committee and Conflicts Committee since September 2014 and as a member of the EHS Committee since its inception in October 2016. Prior to joining the Board, Mr. Spiegel served as Chief Executive Officer of Israel Discount Bank Ltd. (TASE:DSCT) from 2011 through 2014 where he had previously held the position of Executive Vice President from 2001 through 2005.
Delek US Holdings (NYSE:DK) shareholders are no doubt pleased to see that the share price has bounced 40% in the last...
BRENTWOOD, Tenn., March 31, 2020 -- Delek US Holdings, Inc. (NYSE: DK) (“Delek US”) and Delek Logistics Partners, LP (NYSE: DKL) (“Delek Logistics”) today announced an.
Will the new coronavirus cause a recession in US in the next 6 months? On February 27th, we put the probability at 75% and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to […]
U.S. refiners sold renewable fuel credits last week in a bid to raise cash as their market capitalizations slumped amid the oil price crash, according to three industry sources. Refiners are under strain as the coronavirus pandemic has sapped global demand for gasoline and jet fuel, making it unprofitable to produce those products. Refiners buy renewable fuels credits as part of the nation's biofuels laws, which require them to either blend biofuels like ethanol into the nation's gasoline supply, or to buy credits to fund those who can.