Insider Selling: Delek US (NYSE:DK) Director Sells $94,267.90 in Stock

Delek US Holdings, Inc. (NYSE:DK) Director William Finnerty sold 1,457 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $64.70, for a total transaction of $94,267.90. Following the sale, the director owned 33,348 shares of the company’s stock, valued at approximately $2,157,615.60. This represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Delek US Stock Performance

Shares of DK opened at $70.43 on Friday. The company has a market capitalization of $4.31 billion, a PE ratio of 19.78, a PEG ratio of 1.54 and a beta of 0.57. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76. The company’s 50 day moving average price is $60.10 and its 200 day moving average price is $48.55. Delek US Holdings, Inc. has a 52 week low of $25.85 and a 52 week high of $72.00.

Delek US (NYSE:DK) last released its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the prior year, the firm earned ($0.56) EPS. The company’s revenue was up 47.9% compared to the same quarter last year. Research analysts expect that Delek US Holdings, Inc. will post 10.1 EPS for the current fiscal year.

Delek US Announces Dividend

The company 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%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised its stake in shares of Delek US by 95.6% in 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 in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Delek US during the third quarter worth approximately $27,000. EverSource Wealth Advisors LLC boosted its position in 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 worth $29,000 after purchasing an additional 614 shares during the period. Allworth Financial LP acquired a new position in Delek US during the second quarter valued at approximately $30,000. Finally, Torren Management LLC acquired a new position in Delek US during the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DK shares. Morgan Stanley raised their price target on Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, June 12th. The Goldman Sachs Group raised their price objective 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. JPMorgan Chase & Co. lifted their target price on shares of Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Raymond James Financial boosted their target price on shares of Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Finally, Weiss Ratings upgraded shares of Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus 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.