Key Points
- Shlomo Zohar sold 7,343 shares on March 19 at an average of $46.00, and through multiple early-March transactions sold a total of 41,715 shares for roughly $1.85 million, leaving him with 6,646 shares (a 52.49% decline in his holdings).
- Delek US beat EPS expectations last quarter ($0.44 vs. -$0.19) but missed revenue estimates and still posts negative net margin and ROE; the stock is trading around $42.31 (down 4.4%) with a 52-week range of $11.02–$46.81.
- Analysts are split—consensus is a "Hold" with a $39.69 target—while institutional ownership is very high at about 97% and firms have issued both raises and cuts to price targets recently.
Delek US Holdings, Inc. (NYSE:DK - Get Free Report) Director Shlomo Zohar sold 7,343 shares of the business's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $46.00, for a total transaction of $337,778.00. Following the completion of the sale, the director directly owned 6,646 shares in the company, valued at $305,716. This represents a 52.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shlomo Zohar also recently made the following trade(s):
- On Monday, March 9th, Shlomo Zohar sold 5,000 shares of Delek US stock. The stock was sold at an average price of $41.47, for a total value of $207,350.00.
- On Thursday, March 5th, Shlomo Zohar sold 22,029 shares of Delek US stock. The shares were 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 Down 4.4%
NYSE:DK opened at $42.31 on Tuesday. The stock has a 50-day simple moving average of $35.14 and a 200 day simple moving average of $34.59. Delek US Holdings, Inc. has a 52-week low of $11.02 and a 52-week high of $46.81. The company has a market cap of $2.53 billion, a PE ratio of -120.88 and a beta of 0.75. 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 released its earnings results on Friday, February 27th. The oil and gas company reported $0.44 EPS for the quarter, beating 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 firm had revenue of $2.43 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same quarter in the previous year, the business posted ($2.54) EPS. The business's quarterly revenue was up 2.3% compared to the same quarter last year. On average, sell-side analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.
Delek US Dividend Announcement
The firm also recently disclosed 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%.
Hedge Funds Weigh In On Delek US
A number of hedge funds and other institutional investors have recently bought and sold shares of DK. Caitong International Asset Management Co. Ltd increased its position in Delek US by 95.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company's stock worth $26,000 after buying an additional 432 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Delek US in the third quarter valued at approximately $27,000. EverSource Wealth Advisors LLC boosted its stake in shares of Delek US by 173.4% during the 4th 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 during the period. Torren Management LLC acquired a new position in shares of Delek US during the 4th quarter worth approximately $40,000. Finally, Focus Partners Wealth acquired a new position in shares of Delek US during the 3rd quarter worth approximately $44,000. Institutional investors own 97.01% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have issued reports on DK shares. Mizuho lifted their price target on shares of Delek US from $51.00 to $54.00 and gave the company an "outperform" rating in a research note on Tuesday, March 17th. JPMorgan Chase & Co. decreased their price objective on Delek US from $42.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, January 15th. TD Cowen lifted their target price on Delek US from $28.00 to $44.00 and gave the company a "hold" rating in a research report on Thursday, March 5th. Weiss Ratings reissued a "sell (d-)" rating on shares of Delek US in a research report on Wednesday, January 21st. Finally, Morgan Stanley decreased their price target on Delek US from $40.00 to $38.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 27th. Four analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $39.69.
View Our Latest Stock Analysis on Delek US
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.
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