Insider Selling: Delek US (NYSE:DK) Director Sells $83,160.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) Director Vicky Sutil sold 1,848 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $45.00, for a total value of $83,160.00. Following the completion of the sale, the director owned 34,300 shares of the company’s stock, valued at approximately $1,543,500. This trade represents a 5.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Vicky Sutil also recently made the following trade(s):

• On Monday, June 1st, Vicky Sutil sold 3,061 shares of Delek US stock. The stock was sold at an average price of $46.00, for a total value of $140,806.00.
• On Thursday, May 28th, Vicky Sutil sold 1,849 shares of Delek US stock. The stock was sold at an average price of $44.03, for a total value of $81,411.47.

Delek US Trading Up 1.2%

NYSE DK opened at $47.74 on Friday. Delek US Holdings, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $49.50. The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76. The stock has a 50 day simple moving average of $43.77 and a two-hundred day simple moving average of $37.91. The stock has a market cap of $2.93 billion, a P/E ratio of -52.47, a price-to-earnings-growth ratio of 0.32 and a beta of 0.60.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($1.42) by $1.50. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.33 billion. During the same quarter last year, the business posted ($2.32) EPS. The business’s revenue was up .4% on a year-over-year basis. On average, analysts forecast that Delek US Holdings, Inc. will post 4.96 earnings per share for the current year.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 1st were issued a $0.255 dividend. The ex-dividend date was Friday, May 1st. This represents a $1.02 annualized dividend and a yield of 2.1%. Delek US’s dividend payout ratio (DPR) is -112.09%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Delek US by 0.6% in 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. Ion Asset Management Ltd. increased its position in Delek US by 1.8% during the 2nd 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 buying an additional 67,490 shares in the last quarter. State Street Corp increased its position in Delek US by 3.4% during the 4th quarter. State Street Corp now owns 2,639,447 shares of the oil and gas company’s stock valued at $78,286,000 after buying an additional 87,846 shares in the last quarter. Morgan Stanley increased its position in Delek US by 24.7% during the 4th quarter. Morgan Stanley now owns 2,033,037 shares of the oil and gas company’s stock valued at $60,300,000 after buying an additional 403,059 shares in the last quarter. Finally, Barclays PLC increased its position in Delek US by 29.4% during the 3rd quarter. Barclays PLC now owns 1,873,578 shares of the oil and gas company’s stock valued at $60,460,000 after buying an additional 425,896 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on DK. The Goldman Sachs Group upgraded Delek US from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $43.00 to $55.00 in a report on Friday, April 10th. Morgan Stanley set a $41.00 price objective on Delek US in a report on Monday, May 4th. Citigroup increased their price objective on Delek US from $33.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Weiss Ratings lowered Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, Wells Fargo & Company increased their target price on Delek US from $54.00 to $59.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $44.69.

About Delek US

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.