Key Points
- EVP Reuven Spiegel sold 20,000 shares on March 4 at an average price of $42.84 for $856,800, reducing his holdings by 29.18% to 48,530 shares (disclosed in an SEC filing).
- Multiple senior insiders, including CEO Avigal Soreq, also sold sizable stakes in early March (CEO ~50,000 shares and other executives/directors sold), a cluster of sales that commentators say is adding downward pressure on the stock.
- Mixed operational update: EPS beat but fundamentals remain uneven — Delek US reported $0.44 EPS vs. -$0.19 est. and revenue of $2.43B (+2.3% y/y), declared a $0.255 quarterly dividend (~2.4% yield), yet retains negative profitability metrics and a consensus "Hold" from analysts.
Delek US Holdings, Inc. (NYSE:DK - Get Free Report) Director William Finnerty sold 5,392 shares of Delek US stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $42.75, for a total value of $230,508.00. Following the completion of the sale, the director owned 46,369 shares of the company's stock, valued at $1,982,274.75. This trade represents a 10.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Delek US Price Performance
DK opened at $42.35 on Friday. Delek US Holdings, Inc. has a 1 year low of $11.02 and a 1 year high of $45.74. The company's 50 day simple moving average is $32.38 and its 200 day simple moving average is $33.31. The stock has a market capitalization of $2.54 billion, a PE ratio of -121.00 and a beta of 0.75. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.58 and a current ratio of 0.82.
Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings results on Friday, February 27th. The oil and gas company reported $0.44 EPS for the quarter, topping the consensus estimate of ($0.19) by $0.63. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. The firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the business posted ($2.54) earnings per share. Delek US's revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, sell-side analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current year.
Delek US Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, March 2nd will be issued a $0.255 dividend. The ex-dividend date is Monday, March 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 2.4%. Delek US's dividend payout ratio (DPR) is presently -291.43%.
Hedge Funds Weigh In On Delek US
A number of institutional investors have recently added to or reduced their stakes in DK. Caitong International Asset Management Co. Ltd boosted its position in Delek US by 95.6% in 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 buying an additional 432 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Delek US during the third quarter worth about $27,000. EverSource Wealth Advisors LLC lifted its stake in shares of 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. AlphaQuest LLC boosted its holdings in Delek US by 7,331.8% in the second quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 1,613 shares during the last quarter. Finally, Torren Management LLC acquired a new stake in Delek US during the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 97.01% of the company's stock.
Key Delek US News
Here are the key news stories impacting Delek US this week:
- Positive Sentiment: TD Cowen raised its price target from $28 to $44 (hold), narrowing upside uncertainty and signaling improving analyst visibility. Finviz
- Positive Sentiment: Quarterly results: Delek US reported a surprise EPS beat ($0.44 vs. est. -$0.19), which is supportive for the shares despite a slight revenue shortfall. (Source: company/market coverage)
- Positive Sentiment: Dividend declared: a $0.255 quarterly dividend (annualized $1.02, ~2.3% yield) payable March 9 — offers short-term income support for the stock.
- Neutral Sentiment: Institutional activity: several large funds have adjusted positions recently (mix of increases and new stakes); institutional ownership remains high (~97%), which can both stabilize and concentrate stock moves.
- Negative Sentiment: CEO sale: CEO Avigal Soreq sold 50,000 shares (~$2.05M at ~$41.08). Large insider sales from the CEO often trigger investor concern about timing and outlook. CEO Sale — SEC filing: Form 4
- Negative Sentiment: Additional insider selling: multiple executives and directors sold sizable stakes in early March (EVPs Reuven Spiegel — 20,000 sh; Joseph Israel — 38,000 sh; Directors Shlomo Zohar and William Finnerty also sold). The cluster of senior-level sales is adding downward pressure. Relevant SEC filings: Spiegel (Read More.), Israel (Read More.), Zohar (Read More.), Finnerty (Read More.).
- Negative Sentiment: Analyst moves mixed-to-negative: Citi and Piper Sandler trimmed price targets (to $33 and $40 respectively) and Weiss reiterated a sell — these downward revisions amplify selling pressure even as some shops (e.g., Mizuho) remain bullish.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Delek US in a research note on Wednesday, January 21st. Mizuho lifted their price target on shares of Delek US from $45.00 to $51.00 and gave the company an "outperform" rating in a research report on Friday, December 12th. Wells Fargo & Company boosted their price objective on shares of Delek US from $43.00 to $53.00 and gave the stock an "overweight" rating in a research note on Monday, November 10th. JPMorgan Chase & Co. cut their target price on shares of Delek US from $42.00 to $38.00 and set a "neutral" rating on the stock in a research note on Thursday, January 15th. Finally, TD Cowen lifted their target price on shares of Delek US from $28.00 to $44.00 and gave the company a "hold" rating in a report on Thursday. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Delek US has an average rating of "Hold" and an average target price of $39.46.
Check Out Our Latest Stock Report on Delek US
About Delek US
(
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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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