Delek US (NYSE:DK) EVP Denise Clark Mcwatters Sells 11,988 Shares

Delek US Holdings, Inc. (NYSE:DK) EVP Denise Clark Mcwatters sold 11,988 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $41.33, for a total transaction of $495,464.04. Following the completion of the transaction, the executive vice president directly owned 74,196 shares of the company’s stock, valued at $3,066,520.68. This trade represents a 13.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Delek US Trading Up 2.9%

Shares of Delek US stock opened at $42.34 on Wednesday. The firm’s 50 day moving average is $34.00 and its 200 day moving average is $34.21. The firm has a market capitalization of $2.53 billion, a PE ratio of -120.97 and a beta of 0.75. Delek US Holdings, Inc. has a 1 year low of $11.02 and a 1 year high of $45.74. The company has a current ratio of 0.82, a quick ratio of 0.53 and a debt-to-equity ratio of 5.89.

Delek US (NYSE:DK) last issued its quarterly earnings data on Friday, February 27th. The oil and gas company reported $0.44 EPS for the quarter, beating the consensus estimate of ($0.19) by $0.63. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. The business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same quarter in the prior year, the firm earned ($2.54) EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Monday, March 2nd. Delek US’s dividend payout ratio is presently -291.43%.

Institutional Investors Weigh In On Delek US

A number of institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd raised its stake in 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 worth $26,000 after buying an additional 432 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in Delek US during the third quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its position in Delek US by 173.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after acquiring an additional 614 shares during the last quarter. Torren Management LLC acquired a new stake in Delek US during the 4th quarter worth about $40,000. Finally, Focus Partners Wealth bought a new position in shares of Delek US in the 3rd quarter worth about $44,000. 97.01% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DK shares. 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 report on Tuesday, November 18th. Piper Sandler dropped their target price on Delek US from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Mizuho boosted their price target on Delek US from $51.00 to $54.00 and gave the stock an “outperform” rating in a report on Tuesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Delek US in a research note on Wednesday, January 21st. Finally, Wall Street Zen upgraded shares of Delek US from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.69.

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.