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

Delek US Holdings, Inc. (NYSE:DK) EVP Mark Wayne Hobbs sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 104,326 shares of the company’s stock, 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 document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Price Performance

Shares of DK opened at $66.31 on Thursday. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 1.48 and a beta of 0.57. Delek US Holdings, Inc. has a fifty-two week low of $21.09 and a fifty-two week high of $68.93. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47. The business’s 50-day moving average is $57.20 and its 200-day moving average is $47.00.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same period in the prior year, the firm earned ($0.56) earnings per share. The firm’s revenue was up 47.9% compared to the same quarter last year. Equities research analysts expect that Delek US Holdings, Inc. will post 10.1 EPS for the current fiscal year.

Delek US Dividend Announcement

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

Institutional Trading of Delek US

A number of institutional investors and hedge funds have recently made changes to their positions in DK. Caitong International Asset Management Co. Ltd increased its holdings in shares of Delek US by 95.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 432 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Delek US in the 3rd quarter valued at approximately $27,000. EverSource Wealth Advisors LLC lifted 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 worth $29,000 after purchasing an additional 614 shares during the last quarter. Allworth Financial LP bought a new stake in Delek US during the second quarter worth approximately $30,000. Finally, Torren Management LLC bought a new stake in Delek US during the fourth quarter worth approximately $40,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

DK has been the topic of a number of research reports. Zacks Research raised shares of Delek US from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. TD Cowen lifted their price objective on Delek US from $58.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Weiss Ratings upgraded Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Morgan Stanley upped their target price on Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Friday, June 12th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Delek US in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.