Delek US (NYSE:DK) EVP Reuven Spiegel Sells 10,000 Shares

Delek US Holdings, Inc. (NYSE:DK) EVP Reuven Spiegel sold 10,000 shares of Delek US stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $68.21, for a total transaction of $682,100.00. Following the completion of the transaction, the executive vice president directly owned 36,435 shares of the company’s stock, valued at $2,485,231.35. The trade was a 21.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Stock Performance

Delek US stock opened at $63.81 on Friday. The company’s 50-day moving average price is $57.54 and its 200-day moving average price is $47.24. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53. The company has a market cap of $3.91 billion, a PE ratio of 17.92, a price-to-earnings-growth ratio of 1.44 and a beta of 0.57. Delek US Holdings, Inc. has a twelve month low of $21.09 and a twelve month high of $68.93.

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

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Monday, August 3rd. Delek US’s dividend payout ratio (DPR) is presently 28.65%.

Analyst Ratings Changes

DK has been the topic of several analyst reports. Raymond James Financial boosted their target price on Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Citigroup restated a “neutral” rating on shares of Delek US in a research report on Thursday, August 6th. Zacks Research raised shares of Delek US from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Weiss Ratings upgraded shares of Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. increased 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $53.15.

Hedge Funds Weigh In On Delek US

Several hedge funds have recently bought and sold shares of DK. BlackRock Inc. purchased a new position in Delek US in the 2nd quarter worth about $275,233,000. ION Fund Management Ltd bought a new stake in Delek US during the 4th quarter valued at about $52,427,000. Norges Bank purchased a new stake in Delek US in the 4th quarter valued at about $48,374,000. Arrowstreet Capital Limited Partnership boosted its position in Delek US by 6,300.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock valued at $42,153,000 after buying an additional 1,285,861 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its stake in Delek US by 1,516.7% in the 4th 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 in the last quarter. Institutional investors own 97.01% of the company’s stock.

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.