Insider Selling: Delek US (NYSE:DK) Director Sells $89,808.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) Director Vicky Sutil sold 1,871 shares of Delek US stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $48.00, for a total transaction of $89,808.00. Following the transaction, the director owned 29,368 shares in the company, valued at $1,409,664. The trade was a 5.99% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Vicky Sutil also recently made the following trade(s):

• On Monday, June 1st, Vicky Sutil sold 3,061 shares of Delek US stock. The shares were sold at an average price of $46.00, for a total transaction of $140,806.00.
• On Friday, May 29th, Vicky Sutil sold 1,848 shares of Delek US stock. The shares were sold at an average price of $45.00, for a total transaction of $83,160.00.
• On Thursday, May 28th, Vicky Sutil sold 1,849 shares of Delek US stock. The shares were sold at an average price of $44.03, for a total transaction of $81,411.47.

Delek US Stock Performance

NYSE:DK opened at $48.36 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of -53.14, a PEG ratio of 0.33 and a beta of 0.60. The firm’s fifty day simple moving average is $43.85 and its 200 day simple moving average is $37.97. Delek US Holdings, Inc. has a twelve month low of $18.94 and a twelve month high of $49.50.

Delek US (NYSE:DK) last posted its earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($1.42) by $1.50. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.33 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The business’s quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($2.32) EPS. As a group, equities research analysts expect that Delek US Holdings, Inc. will post 4.96 earnings per share for the current fiscal year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 1st were issued a $0.255 dividend. The ex-dividend date was Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a yield of 2.1%. Delek US’s payout ratio is currently -112.09%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a report on Monday, May 18th. UBS Group boosted their price objective on shares of Delek US from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. TD Cowen cut their price objective on shares of Delek US from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Citigroup boosted their price objective on shares of Delek US from $33.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Finally, Morgan Stanley set a $41.00 target price on shares of Delek US in a research report on Monday, May 4th. Five 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, Delek US presently has an average rating of “Hold” and a consensus target price of $44.69.

Institutional Investors Weigh In On Delek US

Several hedge funds and other institutional investors have recently modified their holdings of DK. Thoroughbred Financial Services LLC lifted its stake in shares of Delek US by 1.3% in the 4th quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock worth $805,000 after acquiring an additional 348 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Delek US by 1.8% in the 4th quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock worth $654,000 after acquiring an additional 400 shares during the period. Aster Capital Management DIFC Ltd lifted its stake in shares of Delek US by 23.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock worth $67,000 after acquiring an additional 425 shares during the period. Caitong International Asset Management Co. Ltd lifted its stake in shares of Delek US by 95.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 432 shares during the period. Finally, Orion Porfolio Solutions LLC lifted its stake in shares of Delek US by 2.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after acquiring an additional 507 shares during the period. 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.