Key Points
- Director Vicky Sutil sold 1,849 shares of Delek US on May 28 at an average price of $44.03, totaling about $81,411.47. After the sale, she still held 36,148 shares, representing a 4.87% reduction in her stake.
- Delek US posted stronger-than-expected quarterly results, reporting EPS of $0.08 versus estimates for a loss of $1.42 and revenue of $2.65 billion versus expectations of $2.33 billion. The company also beat its prior-year EPS of -$2.32, while analysts now expect full-year EPS of 4.96.
- The stock has recently gained momentum, trading up 3.3% to $45.97 and sitting near its 52-week high of $49.50. Delek also paid a quarterly dividend of $0.255 per share, equal to a 2.2% annualized yield.
Delek US Holdings, Inc. (NYSE:DK - Get Free Report) Director Vicky Sutil sold 1,849 shares of the company's stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $44.03, for a total transaction of $81,411.47. Following the completion of the transaction, the director owned 36,148 shares of the company's stock, valued at approximately $1,591,596.44. This trade represents a 4.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Delek US Trading Up 3.3%
Shares of NYSE DK opened at $45.97 on Tuesday. The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76. Delek US Holdings, Inc. has a 52-week low of $18.12 and a 52-week high of $49.50. The firm has a 50 day moving average price of $43.59 and a two-hundred day moving average price of $37.77. The stock has a market cap of $2.82 billion, a P/E ratio of -50.51, a price-to-earnings-growth ratio of 0.30 and a beta of 0.60.
Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.42) by $1.50. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The firm had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.33 billion. During the same period in the prior year, the company posted ($2.32) EPS. The company's revenue was up .4% on a year-over-year basis. As a group, equities analysts forecast that Delek US Holdings, Inc. will post 4.96 EPS for the current year.
Delek US Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 1st were issued a dividend of $0.255 per share. The ex-dividend date was Friday, May 1st. This represents a $1.02 annualized dividend and a yield of 2.2%. Delek US's dividend payout ratio (DPR) is presently -112.09%.
Institutional Trading of Delek US
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH increased its position in Delek US by 40.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company's stock valued at $47,569,000 after buying an additional 423,017 shares in the last quarter. Federated Hermes Inc. bought a new stake in Delek US in the 3rd quarter valued at about $5,416,000. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Delek US in the 3rd quarter valued at about $1,338,000. Mercuria Capital Strategies LLC bought a new stake in Delek US in the 3rd quarter valued at about $8,755,000. Finally, Burney Co. bought a new stake in Delek US in the 4th quarter valued at about $2,198,000. 97.01% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several research analysts have issued reports on DK shares. Citigroup raised their price target on shares of Delek US from $33.00 to $44.00 and gave the stock a "neutral" rating in a report on Monday, April 13th. Zacks Research lowered shares of Delek US from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 28th. Raymond James Financial boosted their target price on shares of Delek US from $47.00 to $54.00 and gave the company an "outperform" rating in a report on Wednesday, March 25th. UBS Group boosted their target price on shares of Delek US from $42.00 to $48.00 and gave the company a "neutral" rating in a report on Friday, April 10th. Finally, The Goldman Sachs Group upgraded shares of Delek US from a "neutral" rating to a "buy" rating and boosted their target price for the company from $43.00 to $55.00 in a report on Friday, April 10th. Five research 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $44.69.
Read Our Latest Research Report 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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