Insider Selling: Delek US (NYSE:DK) Director Sells $257,500.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) Director William Finnerty sold 5,000 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $51.50, for a total value of $257,500.00. Following the completion of the transaction, the director owned 34,805 shares of the company’s stock, valued at approximately $1,792,457.50. This represents a 12.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Stock Down 0.0%

DK opened at $52.59 on Friday. The firm has a market capitalization of $3.22 billion, a P/E ratio of -57.79, a price-to-earnings-growth ratio of 0.32 and a beta of 0.58. Delek US Holdings, Inc. has a one year low of $19.81 and a one year high of $54.17. The company has a fifty day moving average price of $45.56 and a 200-day moving average price of $39.25. The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) 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 the consensus estimate of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the company posted ($2.32) EPS. Equities research analysts expect that Delek US Holdings, Inc. will post 5.58 earnings per share for the current fiscal year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 1st were given a $0.255 dividend. The ex-dividend date was Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a yield of 1.9%. Delek US’s payout ratio is presently -112.09%.

Institutional Investors Weigh In On Delek US

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DK. Thoroughbred Financial Services LLC boosted its stake in Delek US by 1.3% during the 4th quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock valued at $805,000 after purchasing an additional 348 shares during the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Delek US by 1.8% during the fourth quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock valued at $654,000 after purchasing an additional 400 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in shares of Delek US by 23.2% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 425 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Delek US by 95.6% during the fourth 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 last quarter. Finally, Orion Porfolio Solutions LLC boosted its position in shares of Delek US by 2.2% during the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock valued at $492,000 after buying an additional 507 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group raised their price target on shares of Delek US from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. TD Cowen raised shares of Delek US from a “hold” rating to a “buy” rating and upped their price objective for the company from $50.00 to $58.00 in a research note on Monday. Raymond James Financial increased their target price on shares of Delek US from $47.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, March 25th. Mizuho increased their price objective on 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 lowered Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $46.08.

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.