Richard Marcogliese Sells 2,000 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) Director Richard Marcogliese sold 2,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $71.05, for a total transaction of $142,100.00. Following the transaction, the director owned 12,880 shares in the company, valued at approximately $915,124. This represents a 13.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Delek US Stock Performance

Shares of DK stock opened at $70.78 on Thursday. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.47 and a beta of 0.57. Delek US Holdings, Inc. has a 52-week low of $25.66 and a 52-week high of $72.00. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53. The company’s 50 day moving average is $59.52 and its 200 day moving average is $48.31.

Delek US (NYSE:DK) last announced its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (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 business had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter last year, the firm earned ($0.56) EPS. The business’s revenue for the quarter was up 47.9% on a year-over-year basis. On average, sell-side analysts anticipate that Delek US Holdings, Inc. will post 10.1 EPS for the current fiscal year.

Delek US Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 1.4%. Delek US’s dividend payout ratio (DPR) is presently 28.65%.

Hedge Funds Weigh In On Delek US

Several hedge funds and other institutional investors have recently modified their holdings of DK. Caitong International Asset Management Co. Ltd increased 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 purchasing an additional 432 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Delek US during the third quarter worth $27,000. EverSource Wealth Advisors LLC grew its holdings in shares of Delek US by 173.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 614 shares during the last quarter. Allworth Financial LP purchased a new stake in shares of Delek US during the second quarter valued at $30,000. Finally, Torren Management LLC acquired a new position in shares of Delek US in the 4th quarter valued at $40,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on DK shares. Morgan Stanley increased 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. 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. 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. TD Cowen raised their target price on shares of Delek US from $58.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. Finally, The Goldman Sachs Group lifted their price target on shares of Delek US from $73.00 to $83.00 and gave the stock a “buy” rating in a report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Delek US currently has an average rating of “Hold” and a consensus target price of $53.15.

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.