Delek US (NYSE:DK) CEO Avigal Soreq Sells 80,000 Shares of Stock

Delek US Holdings, Inc. (NYSE:DK) CEO Avigal Soreq sold 80,000 shares of Delek US stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $66.51, for a total transaction of $5,320,800.00. Following the sale, the chief executive officer directly owned 231,486 shares of the company’s stock, valued at $15,396,133.86. The trade was a 25.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Stock Performance

Shares of Delek US stock traded up $0.73 during trading on Tuesday, reaching $67.94. The company’s stock had a trading volume of 1,478,303 shares, compared to its average volume of 1,264,624. The firm has a market cap of $4.16 billion, a PE ratio of 19.09, a P/E/G ratio of 1.42 and a beta of 0.57. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53. Delek US Holdings, Inc. has a 52 week low of $21.09 and a 52 week high of $68.93. The business’s 50-day moving average price is $56.84 and its 200-day moving average price is $46.74.

Delek US (NYSE:DK) last released its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the previous year, the business posted ($0.56) earnings per share. The business’s revenue for the quarter was up 47.9% on a year-over-year basis. Equities analysts forecast that Delek US Holdings, Inc. will post 10.1 earnings per share for the current year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.02 annualized dividend and a dividend yield of 1.5%. Delek US’s dividend payout ratio (DPR) is 28.65%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DK shares. Zacks Research upgraded Delek US from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Citigroup reiterated a “neutral” rating on shares of Delek US in a report on Thursday, August 6th. The Goldman Sachs Group boosted their target price on Delek US from $73.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley increased their target price on Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, June 12th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $53.15.

Hedge Funds Weigh In On Delek US

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Delek US by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock worth $187,773,000 after purchasing an additional 38,577 shares in the last quarter. Williamson Legacy Group LLC bought a new stake in shares of Delek US during the fourth quarter valued at approximately $1,095,000. Y Intercept Hong Kong Ltd grew its position in shares of Delek US by 281.5% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 45,471 shares of the oil and gas company’s stock worth $2,049,000 after buying an additional 33,553 shares during the period. Highbridge Capital Management LLC bought a new position in shares of Delek US in the 4th quarter worth about $1,093,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Delek US by 1,173.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company’s stock worth $28,322,000 after acquiring an additional 879,900 shares in the last quarter. 97.01% of the stock is owned by institutional investors.

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.