Delek US (NYSE:DK) Director Vicky Sutil Sells 6,397 Shares of Stock

Delek US Holdings, Inc. (NYSE:DK) Director Vicky Sutil sold 6,397 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $71.50, for a total transaction of $457,385.50. Following the transaction, the director owned 26,407 shares of the company’s stock, valued at approximately $1,888,100.50. This represents a 19.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Stock Performance

Shares of NYSE DK opened at $75.13 on Thursday. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76. The company has a market cap of $4.60 billion, a P/E ratio of 21.10, a P/E/G ratio of 1.50 and a beta of 0.59. The firm’s fifty day moving average is $64.81 and its two-hundred day moving average is $51.02. Delek US Holdings, Inc. has a 52-week low of $25.85 and a 52-week high of $77.40.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $3.44 billion. During the same quarter in the prior year, the firm earned ($0.56) EPS. The business’s revenue was up 47.9% on a year-over-year basis. As a group, analysts anticipate that Delek US Holdings, Inc. will post 11.05 EPS for the current fiscal year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, August 3rd. Delek US’s dividend payout ratio (DPR) is currently 28.65%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. The Goldman Sachs Group increased their price objective on shares of Delek US from $73.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. Morgan Stanley increased their price target on shares of Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, June 12th. Finally, Zacks Research upgraded Delek US from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Delek US presently has an average rating of “Moderate Buy” and an average target price of $59.09.

Institutional Investors Weigh In On Delek US

A number of institutional investors and hedge funds have recently modified their holdings of DK. Allworth Financial LP grew its position in Delek US by 30.7% in the 2nd quarter. Allworth Financial LP now owns 600 shares of the oil and gas company’s stock valued at $30,000 after acquiring an additional 141 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in shares of Delek US by 1.3% in the fourth quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock worth $805,000 after purchasing an additional 348 shares during the last quarter. New York State Common Retirement Fund increased its stake in Delek US by 1.8% in the 4th quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock worth $654,000 after buying an additional 400 shares during the period. Aster Capital Management DIFC Ltd lifted its holdings in Delek US by 23.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock valued at $67,000 after buying an additional 425 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in Delek US by 95.6% in 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 buying an additional 432 shares during the period. 97.01% of the stock is owned by institutional investors.

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.