Delek US (NYSE:DK) Director Sells $227,842.30 in Stock

Delek US Holdings, Inc. (NYSE:DK) Director Laurie Tolson sold 4,921 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $46.30, for a total value of $227,842.30. Following the transaction, the director owned 18,226 shares of the company’s stock, valued at approximately $843,863.80. This trade represents a 21.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Delek US Stock Up 4.0%

Shares of DK stock opened at $43.79 on Friday. Delek US Holdings, Inc. has a 12 month low of $18.12 and a 12 month high of $49.50. The firm has a market cap of $2.68 billion, a PE ratio of -48.12, a price-to-earnings-growth ratio of 0.32 and a beta of 0.63. The stock has a 50 day moving average of $43.45 and a 200-day moving average of $37.61. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 10.51.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($1.42) by $1.50. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.33 billion. During the same period in the previous year, the company earned ($2.32) earnings per share. The company’s quarterly revenue was up .4% compared to the same quarter last year. On average, equities analysts predict that Delek US Holdings, Inc. will post 4.54 EPS for the current year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 1st were given a dividend of $0.255 per share. The ex-dividend date was Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.3%. Delek US’s payout ratio is currently -112.09%.

Institutional Trading of Delek US

A number of large investors have recently bought and sold shares of DK. Caitong International Asset Management Co. Ltd grew its position in Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 432 shares during the period. Brown Brothers Harriman & Co. bought a new stake in Delek US in the third quarter valued at $27,000. EverSource Wealth Advisors LLC grew its position in Delek US by 173.4% in 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 period. Torren Management LLC bought a new stake in Delek US in the fourth quarter valued at $40,000. Finally, Focus Partners Wealth bought a new stake in Delek US in the third quarter valued at $44,000. 97.01% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DK shares. Citigroup boosted their price objective on Delek US from $33.00 to $44.00 and gave the company a “neutral” rating in a research report on Monday, April 13th. Zacks Research upgraded Delek US from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Morgan Stanley set a $41.00 price objective on Delek US in a research report on Monday, May 4th. TD Cowen lowered their price objective on Delek US from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. Finally, Wall Street Zen upgraded Delek US from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Delek US presently has an average rating of “Hold” and a consensus price target of $44.23.

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.