Insider Selling: Delek US (NYSE:DK) Director Sells $1,910,748.88 in Stock

Delek US Holdings, Inc. (NYSE:DK) Director Gary Jr. Sullivan sold 27,688 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $69.01, for a total value of $1,910,748.88. Following the completion of the sale, the director owned 32,004 shares in the company, valued at $2,208,596.04. The trade was a 46.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Delek US Stock Performance

Shares of NYSE:DK traded up $3.19 during trading hours on Wednesday, hitting $70.78. The stock had a trading volume of 1,718,516 shares, compared to its average volume of 1,460,505. The stock’s fifty day simple moving average is $59.52 and its 200 day simple moving average is $48.31. Delek US Holdings, Inc. has a 1-year low of $25.66 and a 1-year high of $72.00. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.47 and a beta of 0.57. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76.

Delek US (NYSE:DK) last issued its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $2.81. The business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The company’s revenue was up 47.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.56) earnings per share. Sell-side analysts anticipate that Delek US Holdings, Inc. will post 10.1 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.02 annualized dividend and a dividend yield of 1.4%. Delek US’s dividend payout ratio is currently 28.65%.

Institutional Trading of Delek US

Several institutional investors have recently made changes to their positions in the stock. Amundi purchased a new position in Delek US during the second quarter valued at approximately $228,000. California State Teachers Retirement System lifted its position in Delek US by 4,681.3% in the 2nd quarter. California State Teachers Retirement System now owns 3,411,231 shares of the oil and gas company’s stock worth $173,325,000 after buying an additional 3,339,885 shares in the last quarter. Nykredit A S acquired a new stake in shares of Delek US during the 2nd quarter valued at $191,000. Lone Peak Global Investors LLC boosted its stake in shares of Delek US by 6.0% during the 2nd quarter. Lone Peak Global Investors LLC now owns 246,497 shares of the oil and gas company’s stock valued at $12,525,000 after buying an additional 13,861 shares during the period. Finally, Hennessy Advisors Inc. purchased a new position in shares of Delek US during the 2nd quarter valued at $10,208,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DK has been the subject of a number of recent analyst reports. Zacks Research upgraded Delek US from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Morgan Stanley raised their target price on shares of Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, June 12th. Weiss Ratings raised shares of Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Finally, Raymond James Financial boosted their price target on shares of Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Delek US 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.