Key Points
- Director Shlomo Zohar sold 5,000 shares on March 9 at $41.47 for $207,350, reducing his stake 26.33% to 13,989 shares; he also sold 22,029 shares (Mar 5) and 7,343 shares (Mar 4), totaling about 34,372 shares and roughly $1.51 million in recent sales.
- Delek US reported an EPS beat of $0.44 (vs. -$0.19 est) on $2.43 billion revenue, declared a $0.255 quarterly dividend (annualized $1.02, 2.4% yield), but still shows negative net margin and return on equity.
- Analysts are mixed (consensus rating: Hold, $39.46 target) while large institutional investors have recently built significant positions and institutional ownership stands at 97.01%.
Delek US Holdings, Inc. (NYSE:DK - Get Free Report) Director Shlomo Zohar sold 5,000 shares of the stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $41.47, for a total value of $207,350.00. Following the completion of the transaction, the director directly owned 13,989 shares of the company's stock, valued at $580,123.83. This represents a 26.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shlomo Zohar also recently made the following trade(s):
- On Thursday, March 5th, Shlomo Zohar sold 22,029 shares of Delek US stock. The stock was sold at an average price of $44.83, for a total value of $987,560.07.
- On Wednesday, March 4th, Shlomo Zohar sold 7,343 shares of Delek US stock. The stock was sold at an average price of $43.00, for a total value of $315,749.00.
Delek US Stock Up 1.4%
Delek US stock traded up $0.60 on Thursday, hitting $42.48. 56,315 shares of the stock traded hands, compared to its average volume of 1,594,231. Delek US Holdings, Inc. has a 1 year low of $11.02 and a 1 year high of $45.74. The firm has a market cap of $2.55 billion, a P/E ratio of -120.97, a price-to-earnings-growth ratio of 4.93 and a beta of 0.75. The company has a current ratio of 0.82, a quick ratio of 0.53 and a debt-to-equity ratio of 5.89. The business's fifty day simple moving average is $33.04 and its 200 day simple moving average is $33.73.
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 earnings per share (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 company had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the business earned ($2.54) EPS. Delek US's quarterly revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.
Delek US Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, March 2nd. Delek US's payout ratio is currently -291.43%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. Mizuho lifted their price objective on Delek US from $45.00 to $51.00 and gave the company an "outperform" rating in a research note on Friday, December 12th. Wall Street Zen upgraded Delek US from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. TD Cowen lifted their price target on Delek US from $28.00 to $44.00 and gave the stock a "hold" rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. dropped their price target 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, Citigroup reduced their price objective on shares of Delek US from $37.00 to $33.00 and set a "neutral" rating for the company in a research note on Monday, January 26th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $39.46.
View Our Latest Analysis on DK
Institutional Investors Weigh In On Delek US
Large investors have recently made changes to their positions in the company. ION Fund Management Ltd bought a new position in shares of Delek US in the 4th quarter worth approximately $52,427,000. Norges Bank bought a new stake in Delek US during the fourth quarter valued at approximately $48,374,000. Arrowstreet Capital Limited Partnership increased its holdings in Delek US by 6,300.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company's stock valued at $42,153,000 after buying an additional 1,285,861 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Delek US by 1,516.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 996,059 shares of the oil and gas company's stock worth $29,544,000 after acquiring an additional 934,448 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in Delek US by 1,173.2% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company's stock worth $28,322,000 after acquiring an additional 879,900 shares during the period. 97.01% of the stock is currently owned by institutional investors.
Delek US Company Profile
(
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
