Delek US (NYSE:DK) Director Sells $83,160.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) Director Vicky Sutil sold 1,848 shares of the company’s stock in a transaction on Friday, May 29th. The shares were sold at an average price of $45.00, for a total value of $83,160.00. Following the sale, the director owned 34,300 shares of the company’s stock, valued at approximately $1,543,500. This trade represents a 5.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Vicky Sutil also recently made the following trade(s):

• On Monday, June 1st, Vicky Sutil sold 3,061 shares of Delek US stock. The shares were sold at an average price of $46.00, for a total transaction of $140,806.00.
• On Thursday, May 28th, Vicky Sutil sold 1,849 shares of Delek US stock. The stock was sold at an average price of $44.03, for a total value of $81,411.47.

Delek US Price Performance

NYSE:DK traded up $0.49 on Tuesday, reaching $46.45. 972,717 shares of the company’s stock traded hands, compared to its average volume of 1,132,526. The firm has a market cap of $2.85 billion, a PE ratio of -51.04, a P/E/G ratio of 0.31 and a beta of 0.60. The stock has a 50-day simple moving average of $43.59 and a 200-day simple moving average of $37.77. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 10.51. Delek US Holdings, Inc. has a 12 month low of $18.12 and a 12 month high of $49.50.

Delek US (NYSE:DK) last issued its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.42) by $1.50. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted ($2.32) earnings per share. Equities research analysts forecast that Delek US Holdings, Inc. will post 4.96 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 1st were paid a $0.255 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.02 annualized dividend and a yield of 2.2%. Delek US’s dividend payout ratio (DPR) is presently -112.09%.

Institutional Investors Weigh In On Delek US

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Citigroup raised their price objective on shares of Delek US from $33.00 to $44.00 and gave the stock a “neutral” rating in a research note on Monday, April 13th. UBS Group lifted their price target on shares of Delek US from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, April 10th. Scotiabank upgraded shares of Delek US to a “hold” rating in a report on Friday, March 27th. Mizuho boosted their target price on shares of Delek US from $54.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings downgraded shares of Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, May 11th. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $44.69.

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.