William Finnerty Sells 5,392 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) Director William Finnerty sold 5,392 shares of the stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $42.75, for a total value of $230,508.00. Following the completion of the transaction, the director directly owned 46,369 shares in the company, valued at $1,982,274.75. This trade represents a 10.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Delek US Trading Down 5.4%

Delek US stock traded down $2.44 during midday trading on Friday, reaching $42.35. The stock had a trading volume of 1,747,393 shares, compared to its average volume of 1,588,294. The stock has a market capitalization of $2.54 billion, a PE ratio of -121.00 and a beta of 0.75. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.58 and a current ratio of 0.82. The stock’s 50-day simple moving average is $32.38 and its 200 day simple moving average is $33.31. Delek US Holdings, Inc. has a twelve month low of $11.02 and a twelve month high of $45.74.

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 for the quarter, beating the consensus estimate of ($0.19) by $0.63. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.55 billion. Delek US had a negative return on equity of 13.55% and a negative net margin of 0.21%.The company’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($2.54) EPS. Analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Monday, March 2nd will be given a $0.255 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.02 annualized dividend and a dividend yield of 2.4%. Delek US’s dividend payout ratio is presently -291.43%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on DK. Morgan Stanley decreased their price target on shares of Delek US from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 27th. UBS Group boosted their price objective on Delek US from $31.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. Mizuho increased their target price on Delek US from $45.00 to $51.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Delek US in a research report on Wednesday, January 21st. Finally, Scotiabank set a $34.00 price target on Delek US in a report on Friday, January 16th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.46.

Institutional Trading of Delek US

A number of hedge funds have recently made changes to their positions in DK. Allianz Asset Management GmbH raised its holdings in Delek US by 40.2% in the third 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 acquiring an additional 423,017 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Delek US in the 3rd quarter worth about $1,338,000. Federated Hermes Inc. acquired a new stake in shares of Delek US in the 3rd quarter valued at about $5,416,000. Quantbot Technologies LP acquired a new stake in shares of Delek US in the 2nd quarter valued at about $1,089,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Delek US in the second quarter worth about $454,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.