Reuven Spiegel Sells 10,000 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Reuven Spiegel sold 10,000 shares of Delek US stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $68.21, for a total transaction of $682,100.00. Following the completion of the transaction, the executive vice president directly owned 36,435 shares in the company, valued at approximately $2,485,231.35. The trade was a 21.54% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Stock Performance

NYSE DK traded down $2.52 on Thursday, hitting $63.81. 1,538,926 shares of the stock were exchanged, compared to its average volume of 1,316,425. The company has a market capitalization of $3.91 billion, a PE ratio of 17.92, a P/E/G ratio of 1.44 and a beta of 0.57. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47. The business’s fifty day moving average is $57.54 and its 200 day moving average is $47.24. Delek US Holdings, Inc. has a 52 week low of $21.09 and a 52 week high of $68.93.

Delek US (NYSE:DK) last issued its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, topping the consensus estimate of $2.67 by $2.81. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.44 billion. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The firm’s revenue for the quarter was up 47.9% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.56) EPS. Research analysts anticipate that Delek US Holdings, Inc. will post 10.1 EPS for the current fiscal year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.02 annualized dividend and a dividend yield of 1.6%. Delek US’s dividend payout ratio (DPR) is 28.65%.

Hedge Funds Weigh In On Delek US

A number of hedge funds have recently bought and sold shares of the company. Thoroughbred Financial Services LLC lifted its stake in shares of Delek US by 1.3% in the 4th quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock valued at $805,000 after purchasing an additional 348 shares during the period. New York State Common Retirement Fund lifted its position in shares of Delek US by 1.8% during the 4th quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock valued at $654,000 after acquiring an additional 400 shares during the period. Aster Capital Management DIFC Ltd lifted its position in shares of Delek US by 23.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock valued at $67,000 after acquiring an additional 425 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in Delek US by 95.6% in 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 purchasing an additional 432 shares during the period. Finally, Orion Porfolio Solutions LLC grew its holdings in Delek US by 2.2% in the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after purchasing an additional 507 shares during the period. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Morgan Stanley upped their price target on shares of Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a research report on Friday, June 12th. TD Cowen lifted their price target on shares of Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. The Goldman Sachs Group boosted their price objective on shares of Delek US from $73.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Raymond James Financial lifted their target price on Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $53.15.

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.