Delek US (NYSE:DK) EVP Reuven Spiegel Sells 20,000 Shares

Delek US Holdings, Inc. (NYSE:DK) EVP Reuven Spiegel sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $42.84, for a total transaction of $856,800.00. Following the completion of the transaction, the executive vice president owned 48,530 shares in the company, valued at approximately $2,079,025.20. The trade was a 29.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Delek US Trading Down 5.4%

DK traded down $2.44 during trading on Friday, hitting $42.35. 1,747,393 shares of the stock were exchanged, compared to its average volume of 1,588,294. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.58 and a current ratio of 0.82. The firm has a 50 day simple moving average of $32.38 and a 200 day simple moving average of $33.31. The firm has a market cap of $2.54 billion, a price-to-earnings ratio of -121.00 and a beta of 0.75. Delek US Holdings, Inc. has a 1 year low of $11.02 and a 1 year high of $45.74.

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, beating analysts’ consensus estimates of ($0.19) by $0.63. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.55 billion. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned ($2.54) earnings per share. As a group, equities analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Monday, March 2nd will be given a $0.255 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.4%. Delek US’s dividend payout ratio (DPR) is presently -291.43%.

Institutional Trading of Delek US

Several institutional investors have recently bought and sold shares of DK. Royal Bank of Canada boosted its holdings in Delek US by 18.4% in the 1st quarter. Royal Bank of Canada now owns 278,774 shares of the oil and gas company’s stock worth $4,201,000 after buying an additional 43,379 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Delek US in the first quarter valued at approximately $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Delek US by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock worth $560,000 after acquiring an additional 1,102 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Delek US by 3,979.8% during the first quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company’s stock worth $307,000 after purchasing an additional 19,899 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Delek US by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,871 shares of the oil and gas company’s stock worth $2,213,000 after purchasing an additional 9,827 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Piper Sandler lowered their target price on shares of Delek US from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Citigroup lowered their price objective on shares of Delek US from $37.00 to $33.00 and set a “neutral” rating for the company in a research note on Monday, January 26th. Scotiabank set a $34.00 target price on Delek US in a research report on Friday, January 16th. UBS Group raised their target price on Delek US from $31.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. Finally, TD Cowen boosted their price target on Delek US from $28.00 to $44.00 and gave the company a “hold” rating in a research note on Thursday. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.46.

Delek US Company Profile

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.