Delek US (NYSE:DK) EVP Mark Wayne Hobbs Sells 20,000 Shares of Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Mark Wayne Hobbs sold 20,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $64.59, for a total value of $1,291,800.00. Following the sale, the executive vice president directly owned 104,326 shares in the company, valued at $6,738,416.34. This trade represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 Price Performance

NYSE DK opened at $67.94 on Wednesday. Delek US Holdings, Inc. has a one year low of $21.09 and a one year high of $68.93. The stock has a 50-day moving average of $56.84 and a 200 day moving average of $46.74. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76. The company has a market capitalization of $4.16 billion, a price-to-earnings ratio of 19.09, a PEG ratio of 1.42 and a beta of 0.57.

Delek US (NYSE:DK) last posted its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business’s revenue for the quarter was up 47.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.56) EPS. On average, sell-side analysts forecast that Delek US Holdings, Inc. will post 10.1 EPS for the current year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, August 3rd. Delek US’s payout ratio is presently 28.65%.

Hedge Funds Weigh In On Delek US

Several large investors have recently made changes to their positions in DK. BlackRock Inc. purchased a new stake in Delek US during the 2nd quarter valued at approximately $275,233,000. ION Fund Management Ltd bought a new stake in shares of Delek US during the fourth quarter valued at approximately $52,427,000. Norges Bank purchased a new position in shares of Delek US in the fourth quarter worth $48,374,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Delek US by 6,300.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock worth $42,153,000 after buying an additional 1,285,861 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Delek US by 1,516.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 996,059 shares of the oil and gas company’s stock worth $29,544,000 after acquiring an additional 934,448 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on DK. Zacks Research upgraded shares of Delek US from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. The Goldman Sachs Group boosted their target price on shares of Delek US from $73.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday. TD Cowen raised their price target on Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Citigroup reaffirmed a “neutral” rating on shares of Delek US in a report on Thursday, August 6th. Finally, Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $53.15.

About Delek US

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.