Key Points
- Delek US EVP Reuven Spiegel sold 10,000 shares on May 18 at an average price of $44.36, totaling about $443,600. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Spiegel still held 48,372 shares, and the sale reduced his position by 17.13%. He had also sold 20,000 shares in March at an average price of $42.84.
- Delek US recently reported better-than-expected quarterly results, posting EPS of $0.08 versus an expected loss and revenue of $2.65 billion. The company also paid a quarterly dividend of $0.255 per share, yielding about 2.3% annualized.
Delek US Holdings, Inc. (NYSE:DK - Get Free Report) Director Laurie Tolson sold 4,921 shares of the company's stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $46.30, for a total value of $227,842.30. Following the completion of the sale, the director owned 18,226 shares in the company, valued at approximately $843,863.80. This represents a 21.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Delek US Trading Down 2.1%
DK stock opened at $44.60 on Thursday. Delek US Holdings, Inc. has a 1-year low of $17.56 and a 1-year high of $49.50. The firm has a market cap of $2.73 billion, a P/E ratio of -49.02, a P/E/G ratio of 0.34 and a beta of 0.63. The business's 50 day moving average is $43.38 and its 200-day moving average is $37.54. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51.
Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($1.42) by $1.50. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The company's revenue was up .4% compared to the same quarter last year. During the same period in the prior year, the company posted ($2.32) EPS. Equities analysts anticipate that Delek US Holdings, Inc. will post 4.54 earnings per share for the current fiscal year.
Delek US Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 1st were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Delek US's payout ratio is presently -112.09%.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of DK. Caitong International Asset Management Co. Ltd lifted its holdings 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 worth $26,000 after buying an additional 432 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in Delek US during the 3rd quarter worth $27,000. EverSource Wealth Advisors LLC lifted its holdings in 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 buying an additional 614 shares in the last quarter. Torren Management LLC acquired a new position in Delek US during the 4th quarter worth $40,000. Finally, Focus Partners Wealth acquired a new position in Delek US during the 3rd quarter worth $44,000. Institutional investors and hedge funds own 97.01% of the company's stock.
Analyst Ratings Changes
Several research analysts have recently commented on DK shares. The Goldman Sachs Group raised Delek US from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $43.00 to $55.00 in a report on Friday, April 10th. Weiss Ratings downgraded Delek US from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, May 11th. Morgan Stanley set a $41.00 target price on Delek US in a report on Monday, May 4th. UBS Group boosted their target price on Delek US from $42.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday, April 10th. Finally, Wells Fargo & Company boosted their target price on Delek US from $54.00 to $59.00 and gave the stock an "overweight" rating in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $44.23.
Get Our Latest 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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