Key Points
- Insider sale: Delek US EVP Joseph Israel sold 20,028 shares on Nov. 11 at an average of $41.12 (~$823,551) and an additional 4,380 shares on Nov. 12 at $40.94 (~$179,317).
- The trades reduced his stake by 24.18%, leaving him with 62,793 shares valued at about $2.58 million after the sales.
- Company context: Delek US has negative profitability (net margin -4.83%, ROE -56.4%), a $2.36B market cap and a 52-week range of $11.02–$43.50; it pays a $0.255 quarterly dividend (2.6% yield) and carries an average analyst "Hold" target of $36.62.
Delek US Holdings, Inc. (NYSE:DK - Get Free Report) EVP Robert Wright sold 2,303 shares of the company's stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $40.43, for a total value of $93,110.29. Following the completion of the transaction, the executive vice president owned 38,966 shares of the company's stock, valued at $1,575,395.38. The trade was a 5.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Delek US Price Performance
NYSE DK traded up $1.84 on Friday, hitting $41.20. 648,851 shares of the company were exchanged, compared to its average volume of 1,717,951. The firm has a 50 day moving average of $34.45 and a two-hundred day moving average of $25.92. The company has a current ratio of 0.86, a quick ratio of 0.50 and a debt-to-equity ratio of 7.12. Delek US Holdings, Inc. has a 1-year low of $11.02 and a 1-year high of $43.50. The company has a market cap of $2.47 billion, a P/E ratio of -5.03 and a beta of 0.99.
Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 EPS for the quarter. The company had revenue of $2.96 billion for the quarter. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%. On average, equities analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current year.
Delek US Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 10th will be given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, November 10th. Delek US's dividend payout ratio (DPR) is -12.50%.
Analysts Set New Price Targets
Several brokerages recently issued reports on DK. UBS Group increased their target price on shares of Delek US from $24.00 to $29.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 2nd. Scotiabank boosted their price objective on Delek US from $33.00 to $40.00 and gave the company a "sector perform" rating in a research note on Monday. Mizuho upped their target price on shares of Delek US from $37.00 to $45.00 and gave the stock an "outperform" rating in a report on Tuesday. Morgan Stanley increased their target price on Delek US from $34.00 to $40.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, Wolfe Research upgraded Delek US from a "peer perform" rating to an "outperform" rating and set a $40.00 price objective for the company in a research report on Wednesday, September 3rd. Four equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $38.08.
Check Out Our Latest Stock Report on Delek US
Institutional Trading of Delek US
Several large investors have recently bought and sold shares of DK. Bank of New York Mellon Corp lifted its holdings in Delek US by 20.8% during the 1st quarter. Bank of New York Mellon Corp now owns 295,727 shares of the oil and gas company's stock worth $4,457,000 after buying an additional 50,825 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Delek US by 1,548.4% during the first quarter. Nisa Investment Advisors LLC now owns 13,270 shares of the oil and gas company's stock valued at $200,000 after buying an additional 12,465 shares during the period. CWM LLC increased its stake in Delek US by 100.9% during the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 1,164 shares during the last quarter. AMG National Trust Bank purchased a new position in shares of Delek US in the first quarter valued at $1,639,000. Finally, Allianz Asset Management GmbH grew its holdings in Delek US by 0.8% during the 1st quarter. Allianz Asset Management GmbH now owns 839,275 shares of the oil and gas company's stock worth $12,648,000 after acquiring an additional 7,018 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.
About Delek US
(
Get Free Report)
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.
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