Delek US (NYSE:DK) Director Sells 7,343 Shares

Delek US Holdings, Inc. (NYSE:DK) Director Shlomo Zohar sold 7,343 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $43.00, for a total transaction of $315,749.00. Following the sale, the director owned 41,018 shares in the company, valued at $1,763,774. The trade was a 15.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shlomo Zohar also recently made the following trade(s):

• On Thursday, March 5th, Shlomo Zohar sold 22,029 shares of Delek US stock. The shares were sold at an average price of $44.83, for a total transaction of $987,560.07.

Delek US Stock Performance

DK stock traded down $2.44 during midday trading on Friday, reaching $42.35. 1,747,393 shares of the company’s stock traded hands, compared to its average volume of 1,588,294. The firm has a market capitalization of $2.54 billion, a PE ratio of -121.00 and a beta of 0.75. The company has a 50-day moving average price of $32.38 and a two-hundred day moving average price of $33.31. Delek US Holdings, Inc. has a 52 week low of $11.02 and a 52 week high of $45.74. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.58 and a current ratio of 0.82.

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

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.255 per share. The ex-dividend date is Monday, March 2nd. This represents a $1.02 annualized dividend and a dividend yield of 2.4%. Delek US’s dividend payout ratio is currently -291.43%.

Analysts Set New Price Targets

DK has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Delek US in a research report on Wednesday, January 21st. Scotiabank set a $34.00 price target on shares of Delek US in a report on Friday, January 16th. Citigroup reduced their price target on shares of Delek US from $37.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, January 26th. Wells Fargo & Company increased their price objective on Delek US from $43.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. Finally, Mizuho boosted their target price on Delek US from $45.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Delek US has a consensus rating of “Hold” and a consensus target price of $39.46.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd raised its position 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 purchasing an additional 432 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Delek US during the 3rd quarter valued at about $27,000. EverSource Wealth Advisors LLC raised its holdings in shares of Delek US by 173.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 614 shares in the last quarter. AlphaQuest LLC lifted its position in Delek US by 7,331.8% in the 2nd quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company’s stock worth $35,000 after buying an additional 1,613 shares during the last quarter. Finally, Torren Management LLC bought a new stake in Delek US in the 4th quarter worth approximately $40,000. Institutional investors own 97.01% of the company’s stock.

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.