Insider Selling: Delek US Holdings, Inc. (DK) Insider Sells $25,643.42 in Stock
Delek US Holdings, Inc. (NYSE:DK) insider Donald Norman Holmes sold 1,018 shares of Delek US Holdings stock in a transaction on Friday, September 15th. The shares were sold at an average price of $25.19, for a total value of $25,643.42. Following the completion of the transaction, the insider now owns 30,989 shares in the company, valued at $780,612.91. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Delek US Holdings, Inc. (NYSE:DK) traded up 0.98% during trading on Friday, hitting $25.70. The company had a trading volume of 66,507 shares. Delek US Holdings, Inc. has a 52-week low of $14.76 and a 52-week high of $27.85. The firm’s market capitalization is $1.60 billion. The stock’s 50-day moving average is $24.00 and its 200 day moving average is $24.77.
Delek US Holdings (NYSE:DK) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.40) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.37). The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $944.29 million. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. Delek US Holdings’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) EPS. Equities research analysts predict that Delek US Holdings, Inc. will post $0.18 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd were given a $0.15 dividend. The ex-dividend date was Monday, August 21st. This represents a $0.60 dividend on an annualized basis and a yield of 2.36%. Delek US Holdings’s payout ratio is currently -25.86%.
DK has been the topic of a number of analyst reports. Scotiabank reiterated a “hold” rating and issued a $26.00 price target on shares of Delek US Holdings in a report on Friday, September 8th. Zacks Investment Research cut Delek US Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. BidaskClub cut Delek US Holdings from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Barclays PLC reissued an “equal weight” rating and issued a $28.00 price objective on shares of Delek US Holdings in a research report on Wednesday, July 5th. Finally, Cowen and Company reissued a “buy” rating and issued a $30.00 price objective on shares of Delek US Holdings in a research report on Thursday, August 17th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $29.00.
A number of large investors have recently made changes to their positions in DK. BlackRock Inc. lifted its position in Delek US Holdings by 19,567.7% in the first quarter. BlackRock Inc. now owns 3,861,746 shares of the oil and gas company’s stock valued at $93,726,000 after purchasing an additional 3,842,111 shares during the period. UBS Asset Management Americas Inc. lifted its position in Delek US Holdings by 6,177.0% in the first quarter. UBS Asset Management Americas Inc. now owns 2,241,075 shares of the oil and gas company’s stock valued at $54,391,000 after purchasing an additional 2,205,372 shares during the period. FMR LLC lifted its position in Delek US Holdings by 169.5% in the first quarter. FMR LLC now owns 3,401,981 shares of the oil and gas company’s stock valued at $82,566,000 after purchasing an additional 2,139,800 shares during the period. Vanguard Group Inc. lifted its position in Delek US Holdings by 33.7% in the second quarter. Vanguard Group Inc. now owns 6,958,487 shares of the oil and gas company’s stock valued at $183,982,000 after purchasing an additional 1,753,373 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Delek US Holdings by 67.0% in the second quarter. JPMorgan Chase & Co. now owns 2,415,921 shares of the oil and gas company’s stock valued at $63,877,000 after purchasing an additional 969,671 shares during the period. Hedge funds and other institutional investors own 97.01% of the company’s stock.
About Delek US Holdings
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
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