Delek US Holdings, Inc. (NYSE:DK - Get Free Report) EVP Mark Wayne Hobbs sold 20,000 shares of Delek US stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $64.59, for a total value of $1,291,800.00. Following the completion of the sale, the executive vice president directly owned 104,326 shares in the company, valued at $6,738,416.34. This trade represents a 16.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Delek US Price Performance
NYSE:DK opened at $67.94 on Wednesday. The company has a current ratio of 0.76, a quick ratio of 0.47 and a debt-to-equity ratio of 7.53. The company has a market capitalization of $4.16 billion, a P/E ratio of 19.09, a P/E/G ratio of 1.42 and a beta of 0.57. Delek US Holdings, Inc. has a 12 month low of $21.09 and a 12 month high of $68.93. The business's 50-day moving average is $56.84 and its 200 day moving average is $46.74.
Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, beating the consensus estimate of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The business had revenue of $4.09 billion during the quarter, compared to analysts' expectations of $3.44 billion. During the same quarter last year, the business posted ($0.56) EPS. The firm's revenue for the quarter was up 47.9% compared to the same quarter last year. On average, equities research analysts forecast that Delek US Holdings, Inc. will post 10.1 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, August 10th. Stockholders of record on Monday, August 3rd were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, August 3rd. Delek US's dividend payout ratio is currently 28.65%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the stock. Citigroup restated a "neutral" rating on shares of Delek US in a research report on Thursday, August 6th. The Goldman Sachs Group lifted their price objective on shares of Delek US from $73.00 to $83.00 and gave the stock a "buy" rating in a research note on Tuesday. Raymond James Financial boosted their target price on shares of Delek US from $60.00 to $70.00 and gave the stock an "outperform" rating in a report on Monday, July 13th. Weiss Ratings upgraded shares of Delek US from a "sell (d+)" rating to a "hold (c+)" rating in a research report on Thursday, August 6th. Finally, TD Cowen increased their price target on shares of Delek US from $58.00 to $76.00 and gave the company a "buy" rating in a report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Delek US currently has an average rating of "Hold" and a consensus target price of $53.15.
Check Out Our Latest Analysis on DK
Hedge Funds Weigh In On Delek US
Large investors have recently modified their holdings of the stock. Thoroughbred Financial Services LLC increased its position in shares of Delek US by 1.3% during the fourth quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company's stock worth $805,000 after purchasing an additional 348 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Delek US by 1.8% in the 4th quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company's stock worth $654,000 after purchasing an additional 400 shares in the last quarter. Aster Capital Management DIFC Ltd grew its stake in Delek US by 23.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company's stock worth $67,000 after buying an additional 425 shares during the last quarter. Caitong International Asset Management Co. Ltd grew 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 worth $26,000 after buying an additional 432 shares during the last quarter. Finally, Orion Porfolio Solutions LLC increased its position in Delek US by 2.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company's stock valued at $492,000 after buying an additional 507 shares in the last quarter. Institutional investors own 97.01% of the company's stock.
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.
Read More
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].
