Key Points
- Director Vicky Sutil sold 6,397 Delek US shares at an average price of $71.50, generating $457,385.50. The Rule 10b5-1 transaction reduced her direct stake by 19.5% to 26,407 shares.
- 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.
- The company pays a quarterly dividend of $0.255 per share, or $1.02 annually, yielding approximately 1.4%. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $59.09.
Delek US Holdings, Inc. (NYSE:DK - Get Free Report) Director Vicky Sutil sold 6,397 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $71.50, for a total value of $457,385.50. Following the transaction, the director directly owned 26,407 shares in the company, valued at $1,888,100.50. The trade was a 19.50% decrease in their position. The transaction was disclosed in a 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 Stock Performance
DK stock opened at $75.13 on Thursday. Delek US Holdings, Inc. has a 1-year low of $25.85 and a 1-year high of $77.40. The business has a 50-day moving average price of $64.81 and a 200 day moving average price of $51.02. The company has a market capitalization of $4.60 billion, a P/E ratio of 21.10, a PEG ratio of 1.50 and a beta of 0.59. 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 (NYSE:DK - Get Free Report) last issued its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $2.81. The company had revenue of $4.09 billion for the quarter, compared to analysts' expectations of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The firm's quarterly revenue was up 47.9% on a year-over-year basis. During the same period in the prior year, the business earned ($0.56) EPS. As a group, equities research analysts forecast that Delek US Holdings, Inc. will post 11.05 EPS for the current fiscal year.
Delek US Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were paid a dividend of $0.255 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.4%. Delek US's dividend payout ratio (DPR) is currently 28.65%.
Institutional Investors Weigh In On Delek US
A number of institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP purchased a new stake in Delek US in the second quarter valued at approximately $30,000. Brown Brothers Harriman & Co. acquired a new stake in Delek US during the 3rd quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd lifted 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 valued at $26,000 after acquiring an additional 432 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of 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 valued at $29,000 after acquiring an additional 614 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Delek US in the second quarter worth $61,000. Institutional investors and hedge funds own 97.01% of the company's stock.
Analyst Ratings Changes
DK has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Delek US from $57.00 to $62.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 14th. Raymond James Financial boosted their price target on Delek US from $60.00 to $70.00 and gave the stock an "outperform" rating in a research report on Monday, July 13th. TD Cowen raised their price objective on Delek US from $58.00 to $76.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Citigroup reiterated a "neutral" rating on shares of Delek US in a research note on Thursday, August 6th. Finally, Wall Street Zen raised shares of Delek US from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $59.09.
Get Our Latest Stock Report on DK
Delek US Company Profile
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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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