Joseph Israel Sells 38,000 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Joseph Israel sold 38,000 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $40.65, for a total transaction of $1,544,700.00. Following the transaction, the executive vice president owned 55,623 shares in the company, valued at approximately $2,261,074.95. The trade was a 40.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Delek US Stock Down 5.4%

Shares of NYSE:DK traded down $2.44 during trading hours on Friday, hitting $42.35. The company’s stock had a trading volume of 1,747,393 shares, compared to its average volume of 1,588,294. The firm’s fifty day moving average price is $32.38 and its 200 day moving average price is $33.31. Delek US Holdings, Inc. has a 52 week low of $11.02 and a 52 week high of $45.74. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of -121.00 and a beta of 0.75. The company has a debt-to-equity ratio of 5.89, a current ratio of 0.82 and a quick ratio of 0.58.

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, research analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Monday, March 2nd will be issued a $0.255 dividend. The ex-dividend date 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 currently -291.43%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 15th. Wells Fargo & Company boosted their target price on shares of Delek US from $43.00 to $53.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Delek US in a research report on Wednesday, January 21st. Scotiabank set a $34.00 price target on shares of Delek US in a report on Friday, January 16th. Finally, Mizuho boosted their price objective on shares of Delek US from $45.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Delek US has a consensus rating of “Hold” and a consensus target price of $39.46.

Institutional Investors Weigh In On Delek US

A number of large investors have recently modified their holdings of DK. Allianz Asset Management GmbH raised its position in shares of Delek US by 40.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock valued at $47,569,000 after purchasing an additional 423,017 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Delek US in the 3rd quarter worth approximately $1,338,000. Federated Hermes Inc. purchased a new stake in Delek US during the 3rd quarter worth approximately $5,416,000. Quantbot Technologies LP acquired a new position in Delek US during the 2nd quarter valued at approximately $1,089,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Delek US during the 2nd quarter valued at approximately $454,000. 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.