Delek US (NYSE:DK) Director Sells $227,500.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) Director William Finnerty sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $45.50, for a total transaction of $227,500.00. Following the completion of the sale, the director directly owned 41,369 shares in the company, valued at $1,882,289.50. This represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Delek US Stock Down 1.0%

Shares of Delek US stock traded down $0.43 during trading on Friday, hitting $44.17. The company’s stock had a trading volume of 2,081,693 shares, compared to its average volume of 1,693,173. Delek US Holdings, Inc. has a 52 week low of $11.02 and a 52 week high of $46.81. The company has a market capitalization of $2.64 billion, a PE ratio of -126.19 and a beta of 0.75. The company has a fifty day simple moving average of $34.88 and a two-hundred day simple moving average of $34.48. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.53 and a current ratio of 0.82.

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

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Monday, March 2nd. Delek US’s dividend payout ratio (DPR) is -291.43%.

Analysts Set New Price Targets

Several equities research analysts have commented on DK shares. Piper Sandler dropped their target price on Delek US from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Mizuho raised their price target on Delek US from $51.00 to $54.00 and gave the company an “outperform” rating in a report on Tuesday. TD Cowen lifted their price target on Delek US from $28.00 to $44.00 and gave the stock a “hold” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. dropped their price target on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Delek US in a research report on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $39.69.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. boosted its holdings in Delek US by 1,327.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,955 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 1,818 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Delek US by 350.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,037 shares of the oil and gas company’s stock valued at $60,000 after buying an additional 1,585 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Delek US by 28.5% during the 4th quarter. Invesco Ltd. now owns 252,108 shares of the oil and gas company’s stock valued at $7,478,000 after buying an additional 55,941 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Delek US by 631.7% during the 4th quarter. Mackenzie Financial Corp now owns 54,234 shares of the oil and gas company’s stock valued at $1,619,000 after buying an additional 46,822 shares during the period. Finally, XTX Topco Ltd boosted its stake in shares of Delek US by 357.6% in the 4th quarter. XTX Topco Ltd now owns 138,495 shares of the oil and gas company’s stock worth $4,108,000 after buying an additional 108,231 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

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.