Insider Selling: Delek US (NYSE:DK) Director Sells 1,849 Shares of Stock

by · The Cerbat Gem

Delek US Holdings, Inc. (NYSE:DK – Get Free Report) Director Vicky Sutil sold 1,849 shares of Delek US stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $44.03, for a total transaction of $81,411.47. Following the sale, the director owned 36,148 shares in the company, valued at $1,591,596.44. This represents a 4.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Delek US Stock Up 3.3%

Shares of DK traded up $1.46 during mid-day trading on Monday, reaching $45.97. 656,469 shares of the stock traded hands, compared to its average volume of 1,159,091. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of -50.51, a P/E/G ratio of 0.30 and a beta of 0.60. The stock has a fifty day simple moving average of $43.59 and a 200 day simple moving average of $37.77. Delek US Holdings, Inc. has a 12-month low of $18.12 and a 12-month high of $49.50. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 10.51.

Delek US (NYSE:DK – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.42) by $1.50. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter last year, the firm posted ($2.32) earnings per share. The business’s quarterly revenue was up .4% on a year-over-year basis. Sell-side analysts expect that Delek US Holdings, Inc. will post 4.96 EPS for the current fiscal year.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 1st were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.2%. Delek US’s dividend payout ratio (DPR) is presently -112.09%.

Institutional Investors Weigh In On Delek US

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd raised its position in Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 432 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Delek US in the third quarter worth about $27,000. EverSource Wealth Advisors LLC raised its position in Delek US by 173.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 614 shares in the last quarter. Torren Management LLC bought a new stake in Delek US in the fourth quarter worth about $40,000. Finally, Focus Partners Wealth bought a new stake in Delek US in the third quarter worth about $44,000. 97.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. The Goldman Sachs Group raised shares of Delek US from a “neutral” rating to a “buy” rating and raised their price target for the stock from $43.00 to $55.00 in a research report on Friday, April 10th. Raymond James Financial lifted their price objective on shares of Delek US from $47.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, March 25th. Mizuho lifted their price objective on shares of Delek US from $54.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Wells Fargo & Company lifted their price objective on shares of Delek US from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Finally, Scotiabank raised shares of Delek US to a “hold” rating in a report on Friday, March 27th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $44.69.

View Our Latest Research Report on DK

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.

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