Key Points
- Delek US EVP Reuven Spiegel sold 10,000 shares at an average price of $68.21, generating $682,100. The transaction reduced his direct ownership by 21.54% to 36,435 shares and was executed under a Rule 10b5-1 trading plan.
- Delek US reported quarterly EPS of $5.48, exceeding the $2.67 consensus estimate, while revenue rose 47.9% year over year to $4.09 billion.
- The company pays a quarterly dividend of $0.255 per share, equivalent to a $1.02 annualized payout and a 1.6% yield. Despite several positive analyst revisions, the consensus rating remains “Hold”, with an average price target of $53.15.
Delek US Holdings, Inc. (NYSE:DK - Get Free Report) EVP Reuven Spiegel sold 10,000 shares of Delek US stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $68.21, for a total value of $682,100.00. Following the sale, the executive vice president directly owned 36,435 shares of the company's stock, valued at approximately $2,485,231.35. This trade represents a 21.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Delek US Price Performance
Shares of DK stock opened at $63.81 on Friday. Delek US Holdings, Inc. has a twelve month low of $21.09 and a twelve month high of $68.93. 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 stock has a fifty day simple moving average of $57.54 and a two-hundred day simple moving average of $47.24. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 1.44 and a beta of 0.57.
Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, beating the consensus estimate of $2.67 by $2.81. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.44 billion. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The business's revenue for the quarter was up 47.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.56) earnings per share. On average, analysts predict that Delek US Holdings, Inc. will post 10.1 EPS for the current fiscal year.
Delek US Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 1.6%. The ex-dividend date was Monday, August 3rd. Delek US's dividend payout ratio is presently 28.65%.
Institutional Trading of Delek US
A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Delek US by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company's stock worth $187,773,000 after acquiring an additional 38,577 shares in the last quarter. BlackRock Inc. acquired a new stake in Delek US in the second quarter valued at approximately $275,233,000. Ion Asset Management Ltd. boosted its stake in Delek US by 1.8% in the second quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company's stock valued at $79,296,000 after acquiring an additional 67,490 shares in the last quarter. State Street Corp boosted its stake in Delek US by 3.4% in the fourth quarter. State Street Corp now owns 2,639,447 shares of the oil and gas company's stock valued at $78,286,000 after acquiring an additional 87,846 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Delek US by 24.7% in the fourth quarter. Morgan Stanley now owns 2,033,037 shares of the oil and gas company's stock worth $60,300,000 after purchasing an additional 403,059 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have commented on DK. TD Cowen raised their target price on shares of Delek US from $58.00 to $76.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Mizuho increased their price objective on shares of Delek US from $60.00 to $66.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. increased their price objective on shares of Delek US from $57.00 to $62.00 and gave the company a "neutral" rating in a research note on Tuesday, July 14th. Citigroup reissued a "neutral" rating on shares of Delek US in a report on Thursday, August 6th. Finally, Zacks Research raised shares of Delek US from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Delek US presently has a consensus rating of "Hold" and an average target price of $53.15.
Read Our Latest Stock Analysis on DK
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.
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