Delek US (NYSE:DK) Director Sells $142,100.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) Director Richard Marcogliese sold 2,000 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $71.05, for a total transaction of $142,100.00. Following the completion of the transaction, the director owned 12,880 shares of the company’s stock, valued at approximately $915,124. This trade represents a 13.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Delek US Price Performance

NYSE DK traded down $0.28 on Tuesday, hitting $67.80. The company had a trading volume of 1,011,357 shares, compared to its average volume of 1,475,923. The company has a market capitalization of $4.15 billion, a PE ratio of 19.05, a PEG ratio of 1.48 and a beta of 0.57. Delek US Holdings, Inc. has a 12-month low of $25.33 and a 12-month high of $72.00. The company’s fifty day moving average price is $58.95 and its 200-day moving average price is $48.05. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, beating the consensus estimate of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter last year, the firm earned ($0.56) earnings per share. The business’s revenue for the quarter was up 47.9% on a year-over-year basis. As a group, analysts predict that Delek US Holdings, Inc. will post 10.1 earnings per share for the current year.

Delek US Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were paid a $0.255 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 1.5%. Delek US’s dividend payout ratio (DPR) is currently 28.65%.

Institutional Trading of Delek US

Several hedge funds have recently bought and sold shares of the company. Allworth Financial LP acquired a new stake in Delek US in the 2nd quarter valued at approximately $30,000. Brown Brothers Harriman & Co. purchased a new stake in shares of Delek US during the third quarter valued at $27,000. Caitong International Asset Management Co. Ltd lifted its stake in 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 valued at $26,000 after buying an additional 432 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 worth $29,000 after purchasing an additional 614 shares during the period. Finally, Torren Management LLC purchased a new position in shares of Delek US during the fourth quarter valued at $40,000. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DK has been the topic of several recent research reports. Citigroup reissued a “neutral” rating on shares of Delek US in a research note on Thursday, August 6th. Morgan Stanley increased their price target on Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, June 12th. JPMorgan Chase & Co. boosted their price objective on shares of Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Zacks Research raised shares of Delek US from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Weiss Ratings upgraded shares of Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.