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 Delek US stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $46.00, for a total value of $337,778.00. Following the transaction, the director owned 6,646 shares of the company’s stock, valued at $305,716. The trade was a 52.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Monday, March 9th, Shlomo Zohar sold 5,000 shares of Delek US stock. The shares were sold at an average price of $41.47, for a total value of $207,350.00.
• 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 value of $987,560.07.
• On Wednesday, March 4th, Shlomo Zohar sold 7,343 shares of Delek US stock. The stock was sold at an average price of $43.00, for a total value of $315,749.00.

Delek US Stock Down 4.4%

Shares of NYSE DK traded down $1.93 during midday trading on Monday, hitting $42.31. 1,687,738 shares of the company’s stock were exchanged, compared to its average volume of 1,750,682. Delek US Holdings, Inc. has a 12 month low of $11.02 and a 12 month high of $46.81. The company’s 50 day moving average price is $35.14 and its 200 day moving average price is $34.59. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.53 and a current ratio of 0.82.

Delek US (NYSE:DK) last announced its quarterly earnings results on Friday, February 27th. The oil and gas company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $2.55 billion. During the same quarter last year, the firm posted ($2.54) EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.02 annualized dividend and a dividend yield of 2.4%. Delek US’s payout ratio is presently -291.43%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Scotiabank set a $34.00 price target on shares of Delek US in a report on Friday, January 16th. Wall Street Zen upgraded Delek US from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Morgan Stanley lowered their target price on 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. JPMorgan Chase & Co. dropped their price target on Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 15th. Finally, Mizuho boosted their price target on Delek US from $51.00 to $54.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.69.

Institutional Investors Weigh In On Delek US

Hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its stake in shares of Delek US by 95.6% in 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 during the period. Brown Brothers Harriman & Co. bought a new position in Delek US during the 3rd quarter worth $27,000. EverSource Wealth Advisors LLC raised its holdings in Delek US by 173.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 614 shares in the last quarter. Torren Management LLC acquired a new position in Delek US in the 4th quarter valued at $40,000. Finally, Focus Partners Wealth bought a new stake in shares of Delek US during the 3rd quarter valued at $44,000. 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.