Insider Selling: Delek US (NYSE:DK) Director Sells $257,500.00 in Stock

Delek US Holdings, Inc. (NYSE:DKGet Free Report) Director William Finnerty sold 5,000 shares of Delek US stock in a transaction on Monday, June 29th. The shares were sold at an average price of $51.50, for a total value of $257,500.00. Following the sale, the director directly owned 34,805 shares of the company’s stock, valued at approximately $1,792,457.50. This trade represents a 12.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Stock Up 4.7%

Shares of DK stock traded up $2.37 during mid-day trading on Wednesday, hitting $53.18. The stock had a trading volume of 1,835,917 shares, compared to its average volume of 1,161,306. Delek US Holdings, Inc. has a 12-month low of $19.81 and a 12-month high of $53.31. The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49. The firm’s 50-day moving average is $45.03 and its two-hundred day moving average is $39.03. The firm has a market capitalization of $3.26 billion, a P/E ratio of -58.44, a price-to-earnings-growth ratio of 0.33 and a beta of 0.58.

Delek US (NYSE:DKGet Free Report) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($1.42) by $1.50. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same period in the previous year, the company posted ($2.32) earnings per share. The firm’s quarterly revenue was up .4% on a year-over-year basis. On average, analysts predict that Delek US Holdings, Inc. will post 5.17 earnings per share for the current fiscal year.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 1st were paid a dividend of $0.255 per share. The ex-dividend date was Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.9%. Delek US’s dividend payout ratio (DPR) is currently -112.09%.

Analysts Set New Price Targets

DK has been the subject of several recent research reports. Zacks Research raised Delek US from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Raymond James Financial raised their price objective on Delek US from $47.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, March 25th. Citigroup boosted their target price on shares of Delek US from $33.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 18th. Finally, The Goldman Sachs Group upgraded shares of Delek US from a “neutral” rating to a “buy” rating and raised their price target for the company from $43.00 to $55.00 in a report on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $46.08.

Check Out Our Latest Research Report on DK

Institutional Investors Weigh In On Delek US

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in shares of Delek US by 18.4% during the first 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 in the last quarter. AQR Capital Management LLC acquired a new stake in Delek US during the first quarter worth about $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Delek US by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock worth $560,000 after purchasing an additional 1,102 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Delek US by 3,979.8% in the 1st quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company’s stock valued at $307,000 after buying an additional 19,899 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Delek US by 7.2% in the first 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 valued at $2,213,000 after acquiring an additional 9,827 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Delek US

Here are the key news stories impacting Delek US this week:

About Delek US

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Delek US (NYSE:DK)

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