Delek US (NYSE:DK) EVP Joseph Israel Sells 38,000 Shares

Delek US Holdings, Inc. (NYSE:DK) EVP Joseph Israel sold 38,000 shares of Delek US stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $40.65, for a total transaction of $1,544,700.00. Following the sale, the executive vice president directly owned 55,623 shares of the company’s stock, valued at $2,261,074.95. This represents a 40.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Delek US Stock Down 5.4%

Shares of NYSE:DK opened at $42.35 on Friday. The business’s 50 day moving average is $32.38 and its 200 day moving average is $33.31. The stock has a market cap of $2.54 billion, a P/E ratio of -121.00 and a beta of 0.75. Delek US Holdings, Inc. has a 52-week low of $11.02 and a 52-week high of $45.74. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 5.89.

Delek US (NYSE:DK) last issued its earnings results on Friday, February 27th. The oil and gas company reported $0.44 earnings per share 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 business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period in the previous year, the company posted ($2.54) EPS. Delek US’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, March 2nd will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Monday, March 2nd. Delek US’s payout ratio is presently -291.43%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on DK. Mizuho increased their target price on shares of Delek US from $45.00 to $51.00 and gave the stock an “outperform” rating in a report on Friday, December 12th. JPMorgan Chase & Co. lowered 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. Morgan Stanley dropped their price objective on shares of Delek US from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 27th. UBS Group lifted their price objective on shares of Delek US from $31.00 to $42.00 and gave the company a “neutral” rating in a report on Tuesday, November 18th. Finally, TD Cowen upped their target price on Delek US from $28.00 to $44.00 and gave the stock a “hold” rating in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $39.46.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Allianz Asset Management GmbH raised its position in shares of Delek US by 40.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock valued at $47,569,000 after purchasing an additional 423,017 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Delek US during the 3rd quarter worth approximately $1,338,000. Federated Hermes Inc. purchased a new stake in Delek US during the 3rd quarter worth approximately $5,416,000. Quantbot Technologies LP acquired a new position in Delek US during the 2nd quarter valued at approximately $1,089,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Delek US in the second quarter worth $454,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Delek US

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

• Positive Sentiment: TD Cowen raised its price target from $28 to $44 (hold), narrowing upside uncertainty and signaling improving analyst visibility. Finviz
• Positive Sentiment: Quarterly results: Delek US reported a surprise EPS beat ($0.44 vs. est. -$0.19), which is supportive for the shares despite a slight revenue shortfall. (Source: company/market coverage)
• Positive Sentiment: Dividend declared: a $0.255 quarterly dividend (annualized $1.02, ~2.3% yield) payable March 9 — offers short-term income support for the stock.
• Neutral Sentiment: Institutional activity: several large funds have adjusted positions recently (mix of increases and new stakes); institutional ownership remains high (~97%), which can both stabilize and concentrate stock moves.
• Negative Sentiment: CEO sale: CEO Avigal Soreq sold 50,000 shares (~$2.05M at ~$41.08). Large insider sales from the CEO often trigger investor concern about timing and outlook. CEO Sale — SEC filing: Form 4
• Negative Sentiment: Additional insider selling: multiple executives and directors sold sizable stakes in early March (EVPs Reuven Spiegel — 20,000 sh; Joseph Israel — 38,000 sh; Directors Shlomo Zohar and William Finnerty also sold). The cluster of senior-level sales is adding downward pressure. Relevant SEC filings: Spiegel (Read More.), Israel (Read More.), Zohar (Read More.), Finnerty (Read More.).
• Negative Sentiment: Analyst moves mixed-to-negative: Citi and Piper Sandler trimmed price targets (to $33 and $40 respectively) and Weiss reiterated a sell — these downward revisions amplify selling pressure even as some shops (e.g., Mizuho) remain bullish.

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.