Key Points
- Delek US Director William Finnerty sold 2,943 shares at an average price of $77.17, totaling $227,111.31 and reducing his ownership by 8.83%.
- Delek US reported strong quarterly results, posting $5.48 in EPS versus the $2.67 consensus estimate and $4.09 billion in revenue, up 47.9% year over year.
- Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating; the company also pays a quarterly dividend of $0.255 per share, yielding approximately 1.3%.
Delek US Holdings, Inc. (NYSE:DK - Get Free Report) Director William Finnerty sold 2,943 shares of Delek US stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $77.17, for a total value of $227,111.31. Following the completion of the sale, the director owned 30,405 shares of the company's stock, valued at approximately $2,346,353.85. The trade was a 8.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Delek US Price Performance
Shares of DK opened at $78.04 on Wednesday. The firm has a market cap of $4.78 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 0.49 and a beta of 0.59. Delek US Holdings, Inc. has a 52-week low of $25.85 and a 52-week high of $79.14. The business's 50 day moving average price is $66.67 and its two-hundred day moving average price is $52.20. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76.
Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $2.67 by $2.81. The business had revenue of $4.09 billion during 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 business's quarterly revenue was up 47.9% on a year-over-year basis. During the same period last year, the company posted ($0.56) earnings per share. On average, equities analysts anticipate that Delek US Holdings, Inc. will post 11.93 EPS for the current year.
Delek US Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were paid a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, August 3rd. Delek US's dividend payout ratio is 28.65%.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. Wells Fargo & Company lifted 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, September 1st. Raymond James Financial raised their price objective on shares of Delek US from $72.00 to $90.00 and gave the company an "outperform" rating in a research note on Monday. Zacks Research raised shares of Delek US from a "hold" rating to a "strong-buy" rating in a research report on Friday, June 26th. The Goldman Sachs Group raised their price target on shares of Delek US from $73.00 to $83.00 and gave the company a "buy" rating in a research report on Tuesday, August 18th. Finally, TD Cowen lifted their price target on Delek US from $76.00 to $90.00 and gave the company a "buy" rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $65.45.
Read Our Latest Stock Report on DK
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Williamson Legacy Group LLC purchased a new position in Delek US during the fourth quarter worth about $1,095,000. Bank of America Corp DE increased its stake in Delek US by 118.0% in the 1st quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company's stock valued at $38,138,000 after buying an additional 458,004 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in shares of Delek US by 1,173.2% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company's stock worth $28,322,000 after buying an additional 879,900 shares in the last quarter. Highbridge Capital Management LLC purchased a new position in shares of Delek US in the 4th quarter worth approximately $1,093,000. Finally, Y Intercept Hong Kong Ltd boosted its stake in shares of Delek US by 281.5% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 45,471 shares of the oil and gas company's stock worth $2,049,000 after buying an additional 33,553 shares during the last quarter. 97.01% of the stock is owned by institutional investors.
About Delek US
(
Get Free Report)
Delek US Holdings, Inc (NYSE: DK) is a downstream energy company engaged primarily in petroleum refining, wholesale fuel marketing and logistics. The company produces transportation fuels and other refined petroleum products, including gasoline, diesel, jet fuel and asphalt.
Delek US operates refineries in the southern United States, including facilities in Texas, Arkansas and Louisiana. Its refining operations are supported by crude oil gathering, transportation, storage and other logistics activities conducted through Delek Logistics Partners, a publicly traded master limited partnership that is managed and partially owned by Delek US.
Founded in 2001 and headquartered in Brentwood, Tennessee, Delek US serves regional markets across the central and southeastern United States.
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