Delek US (NYSE:DK) CEO Sells $2,054,000.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) CEO Avigal Soreq sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $41.08, for a total value of $2,054,000.00. Following the transaction, the chief executive officer owned 251,678 shares of the company’s stock, valued at approximately $10,338,932.24. The trade was a 16.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Delek US Price Performance

Shares of NYSE:DK traded up $1.54 during mid-day trading on Thursday, reaching $44.72. The stock had a trading volume of 2,748,057 shares, compared to its average volume of 1,591,014. The business’s 50 day moving average price is $32.13 and its 200 day moving average price is $33.17. Delek US Holdings, Inc. has a 1 year low of $11.02 and a 1 year high of $45.74. The company has a market cap of $2.69 billion, a P/E ratio of -127.77 and a beta of 0.75. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 5.89.

Delek US (NYSE:DK) last released its quarterly earnings data on Friday, February 27th. The oil and gas company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.63. The business had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.55 billion. Delek US had a negative return on equity of 13.55% and a negative net margin of 0.21%.The company’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($2.54) EPS. Research analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Monday, March 2nd. Delek US’s dividend payout ratio (DPR) is presently -291.43%.

Hedge Funds Weigh In On Delek US

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Delek US by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock valued at $187,773,000 after buying an additional 38,577 shares in the last quarter. Ion Asset Management Ltd. boosted its stake in Delek US by 1.8% in the second quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock valued at $79,296,000 after acquiring an additional 67,490 shares in the last quarter. State Street Corp grew its holdings in Delek US by 3.4% in the fourth quarter. State Street Corp now owns 2,639,447 shares of the oil and gas company’s stock worth $78,286,000 after purchasing an additional 87,846 shares during the last quarter. Morgan Stanley increased its position in shares of Delek US by 24.7% during the fourth quarter. Morgan Stanley now owns 2,033,037 shares of the oil and gas company’s stock worth $60,300,000 after purchasing an additional 403,059 shares in the last quarter. Finally, Barclays PLC lifted its holdings in shares of Delek US by 29.4% during the 3rd quarter. Barclays PLC now owns 1,873,578 shares of the oil and gas company’s stock valued at $60,460,000 after purchasing an additional 425,896 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DK. UBS Group raised their price objective on shares of Delek US from $31.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. Wells Fargo & Company raised their price target on Delek US from $43.00 to $53.00 and gave the stock an “overweight” rating in a research note on Monday, November 10th. JPMorgan Chase & Co. cut their price objective on Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Thursday, January 15th. Scotiabank set a $34.00 target price on Delek US in a research note on Friday, January 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Delek US in a research report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.46.

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.