Delek US (NYSE:DK) EVP Robert Wright Sells 10,720 Shares

Delek US Holdings, Inc. (NYSE:DK) EVP Robert Wright sold 10,720 shares of Delek US stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $47.07, for a total transaction of $504,590.40. Following the transaction, the executive vice president owned 48,148 shares of the company’s stock, valued at $2,266,326.36. The trade was a 18.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Delek US Price Performance

DK stock opened at $44.79 on Friday. The firm has a 50 day moving average price of $43.21 and a 200-day moving average price of $37.39. Delek US Holdings, Inc. has a 52-week low of $17.56 and a 52-week high of $49.50. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of -49.22, a PEG ratio of 0.37 and a beta of 0.63. The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76.

Delek US (NYSE:DK) last released its earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same period last year, the business earned ($2.32) earnings per share. The business’s revenue was up .4% on a year-over-year basis. Equities research analysts forecast that Delek US Holdings, Inc. will post 3.99 EPS for the current fiscal year.

Delek US Dividend Announcement

The firm also recently announced 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. This represents a $1.02 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, May 1st. Delek US’s dividend payout ratio (DPR) is presently -112.09%.

Institutional Trading of Delek US

Several large investors have recently modified their holdings of DK. ION Fund Management Ltd bought a new stake in shares of Delek US in the fourth quarter worth $52,427,000. Norges Bank bought a new stake in shares of Delek US in the fourth quarter worth $48,374,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of 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 during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of 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 during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of 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 during the period. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

DK has been the subject of a number of analyst reports. Zacks Research upgraded shares of Delek US from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Morgan Stanley set a $41.00 price target on shares of Delek US in a research report on Monday, May 4th. TD Cowen decreased their price objective on shares of Delek US from $60.00 to $44.00 and set a “hold” rating for the company in a report on Monday, April 27th. Citigroup boosted 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. Finally, Mizuho boosted their price objective on shares of Delek US from $51.00 to $54.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Delek US presently has a consensus rating of “Hold” and an average target price of $44.23.

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.