Delek US (NYSE:DK) EVP Sells $443,600.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Reuven Spiegel sold 10,000 shares of Delek US stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $44.36, for a total value of $443,600.00. Following the completion of the sale, the executive vice president owned 48,372 shares of the company’s stock, valued at $2,145,781.92. This trade represents a 17.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Reuven Spiegel also recently made the following trade(s):

• On Wednesday, March 4th, Reuven Spiegel sold 20,000 shares of Delek US stock. The shares were sold at an average price of $42.84, for a total value of $856,800.00.

Delek US Trading Down 2.1%

DK traded down $0.94 during midday trading on Wednesday, hitting $44.60. The company’s stock had a trading volume of 1,222,733 shares, compared to its average volume of 1,382,771. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51. The firm has a market cap of $2.73 billion, a P/E ratio of -49.02, a PEG ratio of 0.34 and a beta of 0.63. The firm has a 50-day moving average price of $43.38 and a two-hundred day moving average price of $37.54. Delek US Holdings, Inc. has a 52-week low of $17.56 and a 52-week high of $49.50.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 EPS for the quarter, beating the consensus estimate of ($1.42) by $1.50. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The firm’s revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($2.32) EPS. On average, research analysts anticipate that Delek US Holdings, Inc. will post 4.54 earnings per share for the current year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 1st 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 Friday, May 1st. Delek US’s payout ratio is -112.09%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings in Delek US by 18.4% during the 1st quarter. Royal Bank of Canada now owns 278,774 shares of the oil and gas company’s stock worth $4,201,000 after buying an additional 43,379 shares during the last quarter. AQR Capital Management LLC bought a new position in Delek US during the 1st quarter worth approximately $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Delek US by 3.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock worth $560,000 after buying an additional 1,102 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in Delek US by 3,979.8% during the 1st quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company’s stock worth $307,000 after buying an additional 19,899 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Delek US by 7.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,871 shares of the oil and gas company’s stock worth $2,213,000 after buying an additional 9,827 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DK shares. Wells Fargo & Company boosted their price target on Delek US from $54.00 to $59.00 and gave the company an “overweight” rating in a research report on Tuesday, March 31st. Weiss Ratings downgraded Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Mizuho increased their price target on Delek US from $51.00 to $54.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Scotiabank upgraded Delek US to a “hold” rating in a research note on Friday, March 27th. Finally, Zacks Research upgraded Delek US from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $44.23.

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.