Key Points
- Delek US EVP Reuven Spiegel sold 7,500 shares at an average price of $73.21, worth approximately $549,075, reducing his position by 20.58% to 28,935 shares. He also sold 10,000 shares in August.
- Delek US reported strong quarterly results, with EPS of $5.48 versus the $2.67 consensus estimate and revenue of $4.09 billion, up 47.9% year over year.
- Shares opened at $71.95, near their 52-week high of $77.40, while analysts maintained a consensus “Moderate Buy” rating; the company also pays a quarterly dividend of $0.255 per share.
Delek US Holdings, Inc. (NYSE:DK - Get Free Report) EVP Reuven Spiegel sold 7,500 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $73.21, for a total transaction of $549,075.00. Following the completion of the sale, the executive vice president owned 28,935 shares of the company's stock, valued at approximately $2,118,331.35. This represents a 20.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Reuven Spiegel also recently made the following trade(s):
- On Tuesday, August 18th, Reuven Spiegel sold 10,000 shares of Delek US stock. The stock was sold at an average price of $68.21, for a total transaction of $682,100.00.
Delek US Trading Up 0.7%
Shares of DK stock opened at $71.95 on Friday. Delek US Holdings, Inc. has a 52-week low of $25.85 and a 52-week high of $77.40. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76. The company has a 50-day simple moving average of $62.97 and a two-hundred day simple moving average of $49.91. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.42 and a beta of 0.59.
Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings data 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. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same quarter last year, the business posted ($0.56) EPS. The company's revenue for the quarter was up 47.9% on a year-over-year basis. Research analysts anticipate that Delek US Holdings, Inc. will post 11.05 EPS for the current fiscal year.
Delek US Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors 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 1.4%. The ex-dividend date of this dividend was Monday, August 3rd. Delek US's dividend payout ratio (DPR) is presently 28.65%.
Institutional Trading of Delek US
A number of large investors have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its stake in shares of Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company's stock valued at $26,000 after buying an additional 432 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of Delek US during the 3rd quarter worth $27,000. EverSource Wealth Advisors LLC increased its holdings in Delek US by 173.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company's stock worth $29,000 after acquiring an additional 614 shares during the last quarter. Allworth Financial LP purchased a new stake in Delek US in the 2nd quarter worth about $30,000. Finally, Focus Partners Wealth bought a new stake in Delek US in the 3rd quarter valued at about $44,000. 97.01% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Zacks Research raised Delek US from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 26th. Mizuho raised their target price on Delek US from $60.00 to $66.00 and gave the company an "outperform" rating in a research report on Tuesday, August 11th. Citigroup reiterated a "neutral" rating on shares of Delek US in a research note on Thursday, August 6th. Weiss Ratings raised shares of Delek US from a "sell (d+)" rating to a "hold (c+)" rating in a report on Thursday, August 6th. Finally, Wells Fargo & Company increased their price target on shares of Delek US from $59.00 to $82.00 and gave the company an "overweight" rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.09.
Read Our Latest Analysis on Delek US
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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