Reuven Spiegel Sells 10,000 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Reuven Spiegel sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $68.21, for a total value of $682,100.00. Following the completion of the sale, the executive vice president directly owned 36,435 shares of the company’s stock, valued at $2,485,231.35. The trade was a 21.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Stock Down 3.8%

NYSE:DK traded down $2.52 on Thursday, hitting $63.81. The stock had a trading volume of 1,538,926 shares, compared to its average volume of 1,316,425. The business’s fifty day moving average is $57.54 and its 200 day moving average is $47.24. The company has a market cap of $3.91 billion, a PE ratio of 17.92, a P/E/G ratio of 1.44 and a beta of 0.57. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53. Delek US Holdings, Inc. has a 52 week low of $21.09 and a 52 week high of $68.93.

Delek US (NYSE:DK) last released 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 return on equity of 109.03% and a net margin of 1.86%.The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the previous year, the company posted ($0.56) earnings per share. The company’s quarterly revenue was up 47.9% on a year-over-year basis. On average, equities research analysts expect that Delek US Holdings, Inc. will post 10.1 EPS for the current fiscal year.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.255 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.02 annualized dividend and a yield of 1.6%. Delek US’s dividend payout ratio is presently 28.65%.

Analysts Set New Price Targets

DK has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Morgan Stanley raised their price target on shares of Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a research report on Friday, June 12th. Wall Street Zen upgraded Delek US from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 9th. JPMorgan Chase & Co. boosted their price objective on Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Finally, Zacks Research upgraded Delek US from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $53.15.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Delek US by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock valued at $187,773,000 after acquiring an additional 38,577 shares in the last quarter. Williamson Legacy Group LLC purchased a new position in Delek US in the fourth quarter worth $1,095,000. Y Intercept Hong Kong Ltd boosted its position in Delek US by 281.5% in the first quarter. Y Intercept Hong Kong Ltd now owns 45,471 shares of the oil and gas company’s stock worth $2,049,000 after purchasing an additional 33,553 shares during the last quarter. Highbridge Capital Management LLC bought a new position in Delek US in the 4th quarter valued at $1,093,000. Finally, Healthcare of Ontario Pension Plan Trust Fund increased 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 valued at $28,322,000 after purchasing an additional 879,900 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

Delek US Company Profile

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.