William Finnerty Sells 2,943 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) Director William Finnerty sold 2,943 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $77.17, for a total value of $227,111.31. Following the completion of the transaction, the director owned 30,405 shares in the company, valued at $2,346,353.85. This represents a 8.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Delek US Price Performance

DK opened at $79.33 on Thursday. The firm’s fifty day moving average price is $67.14 and its two-hundred day moving average price is $52.50. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 22.29, a P/E/G ratio of 0.42 and a beta of 0.59. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47. Delek US Holdings, Inc. has a 1 year low of $25.85 and a 1 year high of $80.15.

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, beating analysts’ consensus estimates of $2.67 by $2.81. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period last year, the firm earned ($0.56) earnings per share. The firm’s revenue was up 47.9% on a year-over-year basis. As a group, analysts anticipate that Delek US Holdings, Inc. will post 14.71 earnings per share for the current fiscal year.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, August 3rd. Delek US’s dividend payout ratio is 28.65%.

Institutional Trading of Delek US

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in Delek US during the 2nd quarter valued at $275,233,000. Norges Bank bought a new position in shares of Delek US in the fourth quarter worth $48,374,000. Arrowstreet Capital Limited Partnership grew its position in shares of Delek US by 26.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,596,093 shares of the oil and gas company’s stock valued at $71,936,000 after purchasing an additional 335,892 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Delek US by 19.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,136,720 shares of the oil and gas company’s stock valued at $51,232,000 after purchasing an additional 181,820 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Delek US by 118.0% during the 1st 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 purchasing an additional 458,004 shares during the period. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DK has been the subject of a number of research reports. TD Cowen increased their target price on shares of Delek US from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price target on shares of Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Raymond James Financial upped their price objective on Delek US from $72.00 to $90.00 and gave the company an “outperform” rating in a research note on Monday. Wells Fargo & Company increased their price objective on Delek US from $59.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, September 1st. Finally, The Goldman Sachs Group raised their target price on Delek US from $73.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Delek US presently has an average rating of “Moderate Buy” and a consensus price target of $65.45.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is a downstream energy company engaged primarily in petroleum refining, wholesale fuel marketing and logistics. The company produces transportation fuels and other refined petroleum products, including gasoline, diesel, jet fuel and asphalt.

Delek US operates refineries in the southern United States, including facilities in Texas, Arkansas and Louisiana. Its refining operations are supported by crude oil gathering, transportation, storage and other logistics activities conducted through Delek Logistics Partners, a publicly traded master limited partnership that is managed and partially owned by Delek US.

Founded in 2001 and headquartered in Brentwood, Tennessee, Delek US serves regional markets across the central and southeastern United States.