Delek US (NYSE:DK) Director William Finnerty Sells 5,392 Shares of Stock

Delek US Holdings, Inc. (NYSE:DK) Director William Finnerty sold 5,392 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $42.75, for a total transaction of $230,508.00. Following the transaction, the director owned 46,369 shares in the company, valued at approximately $1,982,274.75. This trade represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Delek US Price Performance

Shares of NYSE:DK opened at $42.35 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 5.89. The company has a 50-day moving average price of $32.38 and a 200 day moving average price of $33.31. Delek US Holdings, Inc. has a 52 week low of $11.02 and a 52 week high of $45.74. The company has a market cap of $2.54 billion, a P/E ratio of -121.00 and a beta of 0.75.

Delek US (NYSE:DK) last issued its earnings results on Friday, February 27th. The oil and gas company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.63. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.55 billion. Delek US had a negative return on equity of 13.55% and a negative net margin of 0.21%.The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted ($2.54) EPS. Research analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.4%. Delek US’s dividend payout ratio is -291.43%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DK. Caitong International Asset Management Co. Ltd grew its holdings in shares of Delek US by 95.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after buying an additional 432 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Delek US during the third quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised its holdings in Delek US by 173.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 614 shares during the last quarter. AlphaQuest LLC lifted its stake in shares of Delek US by 7,331.8% during the 2nd quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 1,613 shares during the period. Finally, Torren Management LLC purchased a new position in shares of Delek US during the 4th quarter worth $40,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Delek US News Roundup

Here are the key news stories impacting Delek US this week:

• Positive Sentiment: TD Cowen raised its price target from $28 to $44 (hold), narrowing upside uncertainty and signaling improving analyst visibility. Finviz
• Positive Sentiment: Quarterly results: Delek US reported a surprise EPS beat ($0.44 vs. est. -$0.19), which is supportive for the shares despite a slight revenue shortfall. (Source: company/market coverage)
• Positive Sentiment: Dividend declared: a $0.255 quarterly dividend (annualized $1.02, ~2.3% yield) payable March 9 — offers short-term income support for the stock.
• Neutral Sentiment: Institutional activity: several large funds have adjusted positions recently (mix of increases and new stakes); institutional ownership remains high (~97%), which can both stabilize and concentrate stock moves.
• Negative Sentiment: CEO sale: CEO Avigal Soreq sold 50,000 shares (~$2.05M at ~$41.08). Large insider sales from the CEO often trigger investor concern about timing and outlook. CEO Sale — SEC filing: Form 4
• Negative Sentiment: Additional insider selling: multiple executives and directors sold sizable stakes in early March (EVPs Reuven Spiegel — 20,000 sh; Joseph Israel — 38,000 sh; Directors Shlomo Zohar and William Finnerty also sold). The cluster of senior-level sales is adding downward pressure. Relevant SEC filings: Spiegel (Read More.), Israel (Read More.), Zohar (Read More.), Finnerty (Read More.).
• Negative Sentiment: Analyst moves mixed-to-negative: Citi and Piper Sandler trimmed price targets (to $33 and $40 respectively) and Weiss reiterated a sell — these downward revisions amplify selling pressure even as some shops (e.g., Mizuho) remain bullish.

Analyst Upgrades and Downgrades

DK has been the subject of several research reports. Citigroup reduced their price objective on Delek US from $37.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, January 26th. JPMorgan Chase & Co. decreased their price objective on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 15th. UBS Group increased their price objective on shares of Delek US from $31.00 to $42.00 and gave the company a “neutral” rating in a research note on Tuesday, November 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Delek US in a research report on Wednesday, January 21st. Finally, Morgan Stanley lowered their price target on shares of Delek US from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $39.46.

Delek US Company Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.