Insider Selling: Delek US (NYSE:DK) EVP Sells 5,392 Shares

by · The Cerbat Gem

Delek US Holdings, Inc. (NYSE:DKGet Free Report) EVP Amber Russell sold 5,392 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $75.50, for a total transaction of $407,096.00. Following the completion of the transaction, the executive vice president owned 35,670 shares in the company, valued at $2,693,085. This represents a 13.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Delek US Trading Up 4.8%

NYSE:DK traded up $3.57 during midday trading on Tuesday, reaching $78.04. 1,755,162 shares of the stock traded hands, compared to its average volume of 1,819,420. The company has a fifty day moving average of $66.67 and a 200 day moving average of $52.20. Delek US Holdings, Inc. has a 12 month low of $25.85 and a 12 month high of $79.14. 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 stock has a market capitalization of $4.78 billion, a P/E ratio of 21.92, a PEG ratio of 0.49 and a beta of 0.59.

Delek US (NYSE:DKGet Free Report) last announced its quarterly 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. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter last year, the firm earned ($0.56) EPS. The company’s revenue was up 47.9% on a year-over-year basis. On average, research analysts predict that Delek US Holdings, Inc. will post 11.93 EPS for the current year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were paid a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.02 annualized dividend and a dividend yield of 1.3%. Delek US’s dividend payout ratio (DPR) is presently 28.65%.

Institutional Trading of Delek US

Several institutional investors and hedge funds have recently bought and sold shares of DK. Allworth Financial LP boosted its position in Delek US by 30.7% during the 2nd quarter. Allworth Financial LP now owns 600 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 141 shares in the last quarter. Thoroughbred Financial Services LLC raised its position in shares of Delek US by 1.3% in 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 in the last quarter. Aigen Investment Management LP lifted its stake in shares of Delek US by 3.2% in the 4th quarter. Aigen Investment Management LP now owns 17,821 shares of the oil and gas company’s stock valued at $529,000 after purchasing an additional 560 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Delek US by 173.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 614 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of Delek US by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 10,916 shares of the oil and gas company’s stock valued at $324,000 after purchasing an additional 702 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on DK. The Goldman Sachs Group upped their price target on Delek US from $73.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 9th. JPMorgan Chase & Co. upped their target price on Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Citigroup reaffirmed 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 report on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $65.45.

Read Our Latest Report on Delek US

About Delek US

(Get Free Report)

Delek US Holdings, Inc (NYSE: DK) is a downstream energy company engaged primarily in petroleum refining, wholesale fuel marketing and logistics. The company produces transportation fuels and other refined petroleum products, including gasoline, diesel, jet fuel and asphalt.

Delek US operates refineries in the southern United States, including facilities in Texas, Arkansas and Louisiana. Its refining operations are supported by crude oil gathering, transportation, storage and other logistics activities conducted through Delek Logistics Partners, a publicly traded master limited partnership that is managed and partially owned by Delek US.

Founded in 2001 and headquartered in Brentwood, Tennessee, Delek US serves regional markets across the central and southeastern United States.

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