Delek US Holdings, Inc. (NYSE:DK - Get Free Report) Director William Finnerty sold 1,457 shares of the company's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $64.70, for a total transaction of $94,267.90. Following the transaction, the director owned 33,348 shares in the company, valued at $2,157,615.60. The trade was a 4.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Delek US Price Performance
Shares of NYSE:DK opened at $67.80 on Wednesday. The business's 50 day simple moving average is $58.95 and its 200-day simple moving average is $48.05. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.48 and a beta of 0.57. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47. Delek US Holdings, Inc. has a 12 month low of $25.33 and a 12 month high of $72.00.
Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.44 billion. Delek US had a return on equity of 109.03% and a net margin of 1.86%.Delek US's quarterly revenue was up 47.9% on a year-over-year basis. During the same period last year, the business posted ($0.56) EPS. As a group, equities analysts forecast that Delek US Holdings, Inc. will post 10.1 earnings per share for the current fiscal year.
Delek US Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were given a $0.255 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.5%. Delek US's dividend payout ratio (DPR) is currently 28.65%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of DK. California State Teachers Retirement System lifted its stake in shares of Delek US by 4,681.3% during the 2nd quarter. California State Teachers Retirement System now owns 3,411,231 shares of the oil and gas company's stock worth $173,325,000 after purchasing an additional 3,339,885 shares during the period. Nykredit A S purchased a new stake in shares of Delek US in the second quarter valued at $191,000. Lone Peak Global Investors LLC increased its stake in Delek US by 6.0% in the second quarter. Lone Peak Global Investors LLC now owns 246,497 shares of the oil and gas company's stock valued at $12,525,000 after purchasing an additional 13,861 shares during the last quarter. Hennessy Advisors Inc. acquired a new position in Delek US in the second quarter valued at $10,208,000. Finally, Van ECK Associates Corp lifted its position in Delek US by 20.5% during the second quarter. Van ECK Associates Corp now owns 55,647 shares of the oil and gas company's stock worth $2,827,000 after buying an additional 9,483 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. Raymond James Financial boosted their price objective on shares of Delek US from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Monday, July 13th. Weiss Ratings upgraded shares of Delek US from a "sell (d+)" rating to a "hold (c+)" rating in a report on Thursday, August 6th. JPMorgan Chase & Co. lifted their target price on shares of Delek US from $57.00 to $62.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 14th. Citigroup reaffirmed a "neutral" rating on shares of Delek US in a 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 research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Delek US presently has a consensus rating of "Hold" and a consensus target price of $53.15.
Read Our Latest Research Report on Delek US
About Delek US
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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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