Insider Selling: Delek US (NYSE:DK) EVP Sells $1,291,800.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Mark Wayne Hobbs sold 20,000 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $64.59, for a total value of $1,291,800.00. Following the completion of the sale, the executive vice president directly owned 104,326 shares of the company’s stock, valued at $6,738,416.34. The trade was a 16.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Stock Performance

Shares of NYSE:DK opened at $63.81 on Friday. The business’s 50-day simple moving average is $57.54 and its 200 day simple moving average is $47.24. The company has a market cap of $3.91 billion, a P/E ratio of 17.92, a PEG ratio of 1.44 and a beta of 0.57. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76. Delek US Holdings, Inc. has a one year low of $21.09 and a one year high of $68.93.

Delek US (NYSE:DK) last released its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.44 billion. Delek US had a return on equity of 109.03% and a net margin of 1.86%.Delek US’s quarterly revenue was up 47.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.56) EPS. On average, sell-side analysts forecast that Delek US Holdings, Inc. will post 10.1 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Monday, August 3rd. Delek US’s dividend payout ratio (DPR) is presently 28.65%.

Institutional Investors Weigh In On Delek US

Hedge funds and other institutional investors have recently modified their holdings of the stock. Lone Peak Global Investors LLC lifted its position in shares of Delek US by 6.0% during the second quarter. Lone Peak Global Investors LLC now owns 246,497 shares of the oil and gas company’s stock worth $12,525,000 after purchasing an additional 13,861 shares during the last quarter. Hennessy Advisors Inc. bought a new stake in Delek US in the second quarter valued at about $10,208,000. Van ECK Associates Corp raised its stake in Delek US by 20.5% during the second quarter. Van ECK Associates Corp now owns 55,647 shares of the oil and gas company’s stock valued at $2,827,000 after buying an additional 9,483 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Delek US during the second quarter valued at approximately $10,664,000. Finally, Archer Investment Corp bought a new position in Delek US during the 2nd quarter worth approximately $334,000. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Zacks Research raised shares of Delek US from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Mizuho boosted their price target on Delek US from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. increased their price target on Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Finally, Morgan Stanley lifted their price objective on Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $53.15.

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.