William Finnerty Sells 1,457 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) Director William Finnerty sold 1,457 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $64.70, for a total transaction of $94,267.90. Following the completion of the transaction, the director owned 33,348 shares of the company’s stock, valued at $2,157,615.60. This trade represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Delek US Stock Performance

Delek US stock opened at $70.78 on Thursday. The firm’s 50 day simple moving average is $59.52 and its 200 day simple moving average is $48.31. The company has a current ratio of 0.76, a quick ratio of 0.47 and a debt-to-equity ratio of 7.53. The firm has a market capitalization of $4.33 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.47 and a beta of 0.57. Delek US Holdings, Inc. has a 1-year low of $25.66 and a 1-year high of $72.00.

Delek US (NYSE:DK) last announced its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, beating the consensus estimate of $2.67 by $2.81. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The business’s quarterly revenue was up 47.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.56) EPS. As a group, analysts expect that Delek US Holdings, Inc. will post 10.1 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were paid a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.02 annualized dividend and a yield of 1.4%. Delek US’s dividend payout ratio (DPR) is currently 28.65%.

Analysts Set New Price Targets

Several analysts have weighed in on DK shares. Citigroup reaffirmed a “neutral” rating on shares of Delek US in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. Raymond James Financial raised their target price on shares of Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. JPMorgan Chase & Co. lifted their target price on shares of Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Finally, The Goldman Sachs Group boosted their price target on shares of Delek US from $73.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $53.15.

Hedge Funds Weigh In On Delek US

A number of large investors have recently added to or reduced their stakes in DK. Vanguard Group Inc. raised its holdings in Delek US by 0.6% during 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 during the last quarter. Williamson Legacy Group LLC bought a new stake in Delek US in the 4th quarter worth $1,095,000. Y Intercept Hong Kong Ltd grew its holdings in Delek US by 281.5% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 45,471 shares of the oil and gas company’s stock worth $2,049,000 after acquiring an additional 33,553 shares during the last quarter. Bank of America Corp DE increased its position in shares of Delek US by 118.0% in the first quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company’s stock valued at $38,138,000 after acquiring an additional 458,004 shares during the period. Finally, Highbridge Capital Management LLC purchased a new position in shares of Delek US in the fourth quarter valued at about $1,093,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.