Delek US (NYSE:DK) Director Sells $94,267.90 in Stock

Delek US Holdings, Inc. (NYSE:DK) Director William Finnerty sold 1,457 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $64.70, for a total value of $94,267.90. Following the completion of the sale, the director owned 33,348 shares of the company’s stock, valued at approximately $2,157,615.60. This trade represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Delek US Trading Down 0.4%

NYSE DK traded down $0.28 on Tuesday, reaching $67.80. 1,011,357 shares of the company were exchanged, compared to its average volume of 1,475,923. Delek US Holdings, Inc. has a fifty-two week low of $25.33 and a fifty-two week high of $72.00. The company has a current ratio of 0.76, a quick ratio of 0.47 and a debt-to-equity ratio of 7.53. The stock has a market capitalization of $4.15 billion, a P/E ratio of 19.05, a price-to-earnings-growth ratio of 1.48 and a beta of 0.57. The business’s fifty day moving average price is $58.95 and its 200 day moving average price is $48.05.

Delek US (NYSE:DK) last announced its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, topping the consensus estimate of $2.67 by $2.81. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same quarter last year, the firm posted ($0.56) earnings per share. Delek US’s revenue was up 47.9% compared to the same quarter last year. Analysts forecast that Delek US Holdings, Inc. will post 10.1 earnings per share for the current year.

Delek US Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Delek US by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock worth $187,773,000 after buying an additional 38,577 shares in the last quarter. BlackRock Inc. acquired a new stake in Delek US during the 2nd quarter worth about $275,233,000. Ion Asset Management Ltd. lifted its stake in shares of Delek US by 1.8% in the 2nd quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock valued at $79,296,000 after purchasing an additional 67,490 shares during the period. California State Teachers Retirement System increased its stake in shares of Delek US by 4,681.3% during the second 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 purchasing an additional 3,339,885 shares in the last quarter. Finally, State Street Corp boosted its position in Delek US by 3.4% during the fourth quarter. State Street Corp now owns 2,639,447 shares of the oil and gas company’s stock worth $78,286,000 after acquiring an additional 87,846 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on DK shares. Mizuho boosted their target price on shares of Delek US from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. 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. Zacks Research raised shares of Delek US from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Citigroup restated a “neutral” rating on shares of Delek US in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Delek US 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.