Delek US (NYSE:DK) EVP Mark Wayne Hobbs Sells 20,000 Shares of Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Mark Wayne Hobbs sold 20,000 shares of Delek US stock in a transaction on Monday, August 17th. The stock was sold at an average price of $64.59, for a total value of $1,291,800.00. Following the completion of the transaction, the executive vice president owned 104,326 shares in the company, valued at $6,738,416.34. The trade was a 16.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Trading Up 1.1%

Shares of NYSE:DK traded up $0.73 during midday trading on Tuesday, reaching $67.94. The company had a trading volume of 1,478,303 shares, compared to its average volume of 1,264,624. The company has a fifty day simple moving average of $56.84 and a two-hundred day simple moving average of $46.74. The firm has a market cap of $4.16 billion, a price-to-earnings ratio of 19.09, a price-to-earnings-growth ratio of 1.42 and a beta of 0.57. Delek US Holdings, Inc. has a 1-year low of $21.09 and a 1-year high of $68.93. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76.

Delek US (NYSE:DK) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter in the previous year, the company earned ($0.56) EPS. The business’s revenue for the quarter was up 47.9% compared to the same quarter last year. Research analysts predict that Delek US Holdings, Inc. will post 10.1 earnings per share for the current year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Monday, August 3rd. Delek US’s dividend payout ratio is 28.65%.

Institutional Investors Weigh In On Delek US

Several large investors have recently made changes to their positions in the company. Allworth Financial LP acquired a new position in shares of Delek US during the 2nd quarter worth $30,000. Brown Brothers Harriman & Co. acquired a new position in Delek US during the third quarter worth $27,000. Caitong International Asset Management Co. Ltd raised its holdings 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 buying an additional 432 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake 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 in the last quarter. Finally, Torren Management LLC bought a new position in shares of Delek US in the 4th quarter valued at approximately $40,000. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

DK has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted 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. Citigroup reiterated a “neutral” rating on shares of Delek US in a report on Thursday, August 6th. Morgan Stanley upped their price target on Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a research report on Friday, June 12th. Wall Street Zen upgraded Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. Finally, TD Cowen lifted their target price on Delek US from $58.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Delek US has an average rating of “Hold” and an average target price of $53.15.

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.