Delek US Holdings, Inc. (DK) Insider Donald Norman Holmes Sells 1,018 Shares
Delek US Holdings, Inc. (NYSE:DK) insider Donald Norman Holmes sold 1,018 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $25.19, for a total transaction of $25,643.42. Following the completion of the sale, the insider now directly owns 30,989 shares in the company, valued at $780,612.91. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Delek US Holdings, Inc. (NYSE:DK) traded down 0.19% on Tuesday, hitting $25.91. 923,632 shares of the stock traded hands. Delek US Holdings, Inc. has a one year low of $14.76 and a one year high of $27.85. The company’s 50 day moving average is $24.01 and its 200 day moving average is $24.76. The stock’s market cap is $1.61 billion.
Delek US Holdings (NYSE:DK) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.37). The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $944.29 million. Delek US Holdings had a negative return on equity of 4.60% and a negative net margin of 3.15%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) EPS. On average, equities analysts forecast that Delek US Holdings, Inc. will post $0.18 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd were paid a $0.15 dividend. The ex-dividend date was Monday, August 21st. This represents a $0.60 dividend on an annualized basis and a yield of 2.32%. Delek US Holdings’s dividend payout ratio is currently -25.86%.
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A number of equities research analysts recently commented on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $32.00 price objective on shares of Delek US Holdings in a research note on Friday, September 8th. Scotiabank reissued a “hold” rating and issued a $26.00 price objective on shares of Delek US Holdings in a research note on Friday, September 8th. BidaskClub raised shares of Delek US Holdings from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. Cowen and Company reissued a “buy” rating and issued a $30.00 price objective on shares of Delek US Holdings in a research note on Thursday, August 17th. Finally, Wolfe Research upgraded shares of Delek US Holdings from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 25th. Eleven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $28.00.
Institutional investors and hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. purchased a new position in Delek US Holdings in the 1st quarter worth about $129,000. Amalgamated Bank purchased a new position in Delek US Holdings in the 2nd quarter worth about $207,000. Virginia Retirement Systems ET AL increased its stake in Delek US Holdings by 6.3% in the 1st quarter. Virginia Retirement Systems ET AL now owns 9,145 shares of the oil and gas company’s stock worth $222,000 after purchasing an additional 545 shares in the last quarter. Airain ltd purchased a new position in Delek US Holdings in the 2nd quarter worth about $244,000. Finally, SG Americas Securities LLC purchased a new position in Delek US Holdings in the 2nd quarter worth about $245,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.
About Delek US Holdings
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
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