Delek US Holdings, Inc. (NYSE:DK - Get Free Report) EVP Denise Clark Mcwatters sold 11,988 shares of the firm's stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $41.33, for a total value of $495,464.04. Following the sale, the executive vice president directly owned 74,196 shares of the company's stock, valued at $3,066,520.68. This represents a 13.91% 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
Shares of DK opened at $42.34 on Wednesday. The firm has a market cap of $2.53 billion, a PE ratio of -120.97 and a beta of 0.75. Delek US Holdings, Inc. has a 52-week low of $11.02 and a 52-week high of $45.74. The business's 50 day moving average price is $34.00 and its two-hundred day moving average price is $34.21. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.53 and a current ratio of 0.82.
Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.55 billion. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. The company's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted ($2.54) EPS. On average, equities analysts anticipate that Delek US Holdings, Inc. will post -5.5 EPS for the current year.
Delek US Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, March 2nd. Delek US's dividend payout ratio (DPR) is presently -291.43%.
Analyst Upgrades and Downgrades
Several equities analysts have recently weighed in on the stock. Scotiabank set a $34.00 price objective on shares of Delek US in a report on Friday, January 16th. Mizuho increased their price objective on shares of Delek US from $51.00 to $54.00 and gave the stock an "outperform" rating in a research report on Tuesday. Morgan Stanley decreased their target price on Delek US from $40.00 to $38.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 27th. TD Cowen upped their price target on Delek US from $28.00 to $44.00 and gave the stock a "hold" rating in a research note on Thursday, March 5th. Finally, UBS Group increased their price target on Delek US from $31.00 to $42.00 and gave the stock a "neutral" rating in a report on Tuesday, November 18th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $39.69.
Check Out Our Latest Analysis on Delek US
Hedge Funds Weigh In On Delek US
Large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd boosted its stake in Delek US by 95.6% during 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 purchasing an additional 432 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Delek US in the third quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised 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 purchasing an additional 614 shares during the last quarter. Torren Management LLC bought a new position in shares of Delek US in the fourth quarter valued at approximately $40,000. Finally, Focus Partners Wealth bought a new position in shares of Delek US in the third quarter valued at approximately $44,000. Institutional investors own 97.01% of the company's stock.
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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