Delek US (NYSE:DK) Director William Finnerty Sells 5,000 Shares

Delek US Holdings, Inc. (NYSE:DKGet Free Report) Director William Finnerty sold 5,000 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $51.50, for a total transaction of $257,500.00. Following the completion of the sale, the director owned 34,805 shares of the company’s stock, valued at approximately $1,792,457.50. This represents a 12.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Stock Up 4.7%

NYSE:DK opened at $53.18 on Thursday. Delek US Holdings, Inc. has a 1 year low of $19.81 and a 1 year high of $53.31. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of -58.44, a PEG ratio of 0.33 and a beta of 0.58. The stock has a 50-day moving average price of $45.03 and a two-hundred day moving average price of $39.03.

Delek US (NYSE:DKGet Free Report) last released its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($1.42) by $1.50. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter last year, the firm posted ($2.32) earnings per share. Delek US’s revenue was up .4% compared to the same quarter last year. As a group, equities analysts expect that Delek US Holdings, Inc. will post 5.17 earnings per share for the current year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 1st were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, May 1st. Delek US’s dividend payout ratio (DPR) is -112.09%.

Key Delek US News

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

Analyst Ratings Changes

A number of equities research analysts recently commented on DK shares. Citigroup raised their price objective 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. Wall Street Zen upgraded Delek US from a “buy” rating to a “strong-buy” rating in a report on Monday, May 18th. Wells Fargo & Company lifted their price target on Delek US from $54.00 to $59.00 and gave the company an “overweight” rating in a research note on Tuesday, March 31st. Morgan Stanley boosted their price target on Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, June 12th. Finally, Zacks Research raised Delek US from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Delek US presently has a consensus rating of “Hold” and a consensus target price of $46.08.

Get Our Latest Analysis on Delek US

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Thoroughbred Financial Services LLC lifted its position in Delek US by 1.3% during the 4th quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock worth $805,000 after buying an additional 348 shares in the last quarter. New York State Common Retirement Fund raised its holdings in Delek US by 1.8% during the fourth quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock worth $654,000 after acquiring an additional 400 shares in the last quarter. Aster Capital Management DIFC Ltd raised its holdings in Delek US by 23.2% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock worth $67,000 after acquiring an additional 425 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in Delek US by 95.6% during the fourth 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 during the last quarter. Finally, Orion Porfolio Solutions LLC boosted its position in Delek US by 2.2% during the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock valued at $492,000 after purchasing an additional 507 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

About Delek US

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Delek US (NYSE:DK)

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