Delek US (NYSE:DK) CEO Sells $5,320,800.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) CEO Avigal Soreq sold 80,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $66.51, for a total value of $5,320,800.00. Following the sale, the chief executive officer directly owned 231,486 shares in the company, valued at approximately $15,396,133.86. The trade was a 25.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Stock Down 3.8%

DK opened at $63.81 on Friday. Delek US Holdings, Inc. has a 12 month low of $21.09 and a 12 month high of $68.93. The business has a 50-day moving average of $57.54 and a two-hundred day moving average of $47.24. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 17.92, a price-to-earnings-growth ratio of 1.44 and a beta of 0.57. 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 earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned ($0.56) EPS. On average, research analysts expect that Delek US Holdings, Inc. will post 10.1 earnings per share for the current year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, August 3rd. Delek US’s dividend payout ratio (DPR) is currently 28.65%.

Hedge Funds Weigh In On Delek US

Institutional investors and hedge funds have recently bought and sold shares of the business. Thoroughbred Financial Services LLC boosted its stake in shares of Delek US by 1.3% during the 4th quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock worth $805,000 after acquiring an additional 348 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Delek US by 1.8% in the fourth quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock worth $654,000 after acquiring an additional 400 shares during the period. Aster Capital Management DIFC Ltd grew its position in shares of Delek US by 23.2% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock worth $67,000 after purchasing an additional 425 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in Delek US by 95.6% during the 4th 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 during the period. Finally, Orion Porfolio Solutions LLC lifted its holdings in Delek US by 2.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after purchasing an additional 507 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DK. The Goldman Sachs Group lifted their target price on Delek US from $73.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley boosted their target price on Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, June 12th. JPMorgan Chase & Co. upped their price target on shares of Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. TD Cowen raised their price objective on Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Finally, Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus 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.