Insider Selling: Delek US (NYSE:DK) Director Sells 7,343 Shares of Stock

Delek US Holdings, Inc. (NYSE:DK) Director Shlomo Zohar sold 7,343 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $43.00, for a total transaction of $315,749.00. Following the completion of the sale, the director owned 41,018 shares of the company’s stock, valued at approximately $1,763,774. The trade was a 15.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Shlomo Zohar also recently made the following trade(s):

• On Thursday, March 5th, Shlomo Zohar sold 22,029 shares of Delek US stock. The shares were sold at an average price of $44.83, for a total transaction of $987,560.07.

Delek US Trading Down 5.4%

Delek US stock traded down $2.44 during mid-day trading on Friday, hitting $42.35. The company’s stock had a trading volume of 1,747,393 shares, compared to its average volume of 1,588,294. The business has a 50 day moving average price of $32.38 and a 200-day moving average price of $33.31. The company has a debt-to-equity ratio of 5.89, a current ratio of 0.82 and a quick ratio of 0.58. Delek US Holdings, Inc. has a 12 month low of $11.02 and a 12 month high of $45.74. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of -121.00 and a beta of 0.75.

Delek US (NYSE:DK) last announced its quarterly earnings data on Friday, February 27th. The oil and gas company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.63. Delek US had a negative return on equity of 13.55% and a negative net margin of 0.21%.The firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the firm earned ($2.54) earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, March 2nd. Delek US’s payout ratio is -291.43%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. TD Cowen raised their target price on shares of Delek US from $28.00 to $44.00 and gave the stock a “hold” rating in a report on Thursday. JPMorgan Chase & Co. dropped their price target on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Delek US in a report on Wednesday, January 21st. Citigroup lowered their price objective on shares of Delek US from $37.00 to $33.00 and set a “neutral” rating for the company in a research note on Monday, January 26th. Finally, Scotiabank set a $34.00 target price on Delek US in a research note on Friday, January 16th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $39.46.

Institutional Investors Weigh In On Delek US

A number of large investors have recently modified their holdings of DK. Brown Brothers Harriman & Co. bought a new position in Delek US in the third quarter worth about $27,000. Caitong International Asset Management Co. Ltd boosted its position 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 acquiring an additional 432 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Delek US by 173.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 614 shares during the period. Torren Management LLC bought a new position in shares of Delek US in the 4th quarter worth approximately $40,000. Finally, Focus Partners Wealth bought a new position in shares of Delek US in the 3rd quarter worth approximately $44,000. Institutional investors own 97.01% of the company’s stock.

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.