Key Points
- Director William Finnerty sold 5,000 shares on March 18 at an average price of $45.50, trimming his stake by 10.78% to 41,369 shares valued at about $1.88 million, with the sale disclosed in an SEC Form 4 filing.
- Delek US reported a quarterly EPS beat of $0.44 versus a -$0.19 consensus but missed revenue expectations ($2.43B vs. $2.55B); the company still shows negative ROE and net margin, and analysts expect -5.5 EPS for the fiscal year, while it pays a quarterly dividend of $0.255 (yield ~2.3%).
- Institutional ownership is very high (about 97.01%) after large new stakes from firms like ION Fund and Norges Bank, yet Wall Street's consensus rating is "Hold" with an average price target around $39.69, below recent trading levels (~$44).
Delek US Holdings, Inc. (NYSE:DK - Get Free Report) Director William Finnerty sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $45.50, for a total transaction of $227,500.00. Following the completion of the transaction, the director directly owned 41,369 shares of the company's stock, valued at $1,882,289.50. This represents a 10.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Delek US Price Performance
Shares of NYSE:DK opened at $44.17 on Friday. The company's fifty day moving average is $34.88 and its two-hundred day moving average is $34.48. The company has a market cap of $2.64 billion, a P/E ratio of -126.19 and a beta of 0.75. Delek US Holdings, Inc. has a 12-month low of $11.02 and a 12-month high of $46.81. The company has a quick ratio of 0.53, a current ratio of 0.82 and a debt-to-equity ratio of 5.89.
Delek US (NYSE:DK - Get Free Report) last issued its 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 return on equity of 13.55% and a negative net margin of 0.21%.The business had revenue of $2.43 billion during the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter last year, the firm posted ($2.54) earnings per share. Delek US's revenue was up 2.3% compared to the same quarter last year. Equities analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.
Delek US Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Monday, March 2nd. Delek US's dividend payout ratio is presently -291.43%.
Institutional Investors Weigh In On Delek US
Several institutional investors and hedge funds have recently bought and sold shares of DK. ION Fund Management Ltd bought a new stake in Delek US in the fourth quarter valued at about $52,427,000. Norges Bank bought a new position in Delek US during the fourth quarter worth about $48,374,000. Arrowstreet Capital Limited Partnership boosted 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 purchasing an additional 1,285,861 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Delek US by 1,516.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 996,059 shares of the oil and gas company's stock valued at $29,544,000 after purchasing an additional 934,448 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Delek US by 1,173.2% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company's stock valued at $28,322,000 after purchasing an additional 879,900 shares during the period. Institutional investors own 97.01% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on DK shares. Scotiabank set a $34.00 price target on shares of Delek US in a research note on Friday, January 16th. 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. Piper Sandler decreased their price objective on shares of Delek US from $47.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, January 8th. TD Cowen raised their target price on Delek US from $28.00 to $44.00 and gave the company a "hold" rating in a report on Thursday, March 5th. Finally, Morgan Stanley reduced their price target 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. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $39.69.
View Our Latest Stock Report on Delek US
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.
Featured 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].
