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 that occurred on Monday, May 18th. The shares were sold at an average price of $44.36, for a total transaction of $443,600.00. Following the sale, the executive vice president owned 48,372 shares in the company, valued at $2,145,781.92. This represents a 17.13% decrease in their position. The transaction was disclosed in a document filed 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.

Reuven Spiegel also recently made the following trade(s):

• On Wednesday, March 4th, Reuven Spiegel sold 20,000 shares of Delek US stock. The shares were sold at an average price of $42.84, for a total transaction of $856,800.00.

Delek US Stock Down 5.6%

DK stock opened at $42.10 on Friday. Delek US Holdings, Inc. has a 52-week low of $17.56 and a 52-week high of $49.50. The company’s 50 day simple moving average is $43.41 and its 200-day simple moving average is $37.57. The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49. The firm has a market capitalization of $2.58 billion, a P/E ratio of -46.27, a P/E/G ratio of 0.33 and a beta of 0.63.

Delek US (NYSE:DK) last released its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.42) by $1.50. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the previous year, the business earned ($2.32) earnings per share. The firm’s revenue was up .4% compared to the same quarter last year. As a group, equities research analysts anticipate that Delek US Holdings, Inc. will post 4.54 EPS for the current year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 1st were issued a dividend of $0.255 per share. The ex-dividend date was Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.4%. Delek US’s payout ratio is currently -112.09%.

Key Headlines Impacting Delek US

Here are the key news stories impacting Delek US this week:

• Positive Sentiment: DK was added to Zacks’ Rank #1 (Strong Buy) growth stocks list, which can support investor optimism about the stock’s outlook. Best Growth Stocks to Buy for May 22nd
• Positive Sentiment: The company recently beat earnings expectations, reporting $0.08 EPS versus estimates for a loss, while revenue also came in above forecasts, reinforcing the view that operations are improving.
• Positive Sentiment: Analyst sentiment remains constructive overall, with several firms maintaining buy/overweight views and a recent upgrade from Goldman Sachs to Buy helping offset bearish commentary.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DK. UBS Group boosted their price target on shares of Delek US from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, April 10th. Weiss Ratings cut shares of Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Citigroup raised their price target on shares of Delek US from $33.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Zacks Research upgraded shares of Delek US from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 29th. Finally, Raymond James Financial raised their price target on shares of Delek US from $47.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $44.23.

Institutional Trading of Delek US

Several institutional investors have recently made changes to their positions in DK. ION Fund Management Ltd acquired a new stake in shares of Delek US during the fourth quarter worth approximately $52,427,000. Norges Bank bought a new stake in Delek US in the fourth quarter worth approximately $48,374,000. Arrowstreet Capital Limited Partnership grew its position in Delek US by 6,300.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock worth $42,153,000 after acquiring an additional 1,285,861 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Delek US by 1,516.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 996,059 shares of the oil and gas company’s stock worth $29,544,000 after acquiring an additional 934,448 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Delek US by 1,173.2% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company’s stock worth $28,322,000 after acquiring an additional 879,900 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.