Delek US (NYSE:DK) Director Vicky Sutil Sells 1,849 Shares

Delek US Holdings, Inc. (NYSE:DK) Director Vicky Sutil sold 1,849 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $44.03, for a total transaction of $81,411.47. Following the completion of the transaction, the director owned 36,148 shares in the company, valued at approximately $1,591,596.44. This trade represents a 4.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Delek US Stock Up 3.3%

Shares of DK opened at $45.97 on Tuesday. Delek US Holdings, Inc. has a 52 week low of $18.12 and a 52 week high of $49.50. The firm has a market cap of $2.82 billion, a P/E ratio of -50.51, a price-to-earnings-growth ratio of 0.30 and a beta of 0.60. The firm’s 50-day simple moving average is $43.59 and its 200 day simple moving average is $37.77. The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76.

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

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 1st were paid 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 2.2%. Delek US’s dividend payout ratio is -112.09%.

Hedge Funds Weigh In On Delek US

A number of institutional investors have recently added to or reduced their stakes in DK. ION Fund Management Ltd acquired a new position in Delek US during the 4th quarter worth approximately $52,427,000. Norges Bank acquired a new position in Delek US during the 4th quarter worth approximately $48,374,000. Arrowstreet Capital Limited Partnership increased its position in Delek US by 6,300.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock worth $42,153,000 after purchasing an additional 1,285,861 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Delek US by 1,516.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 996,059 shares of the oil and gas company’s stock worth $29,544,000 after purchasing an additional 934,448 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in Delek US by 1,173.2% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company’s stock valued at $28,322,000 after acquiring an additional 879,900 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DK. Morgan Stanley set a $41.00 price target on shares of Delek US in a research note on Monday, May 4th. Scotiabank raised shares of Delek US to a “hold” rating in a report on Friday, March 27th. UBS Group boosted their price objective on shares of Delek US from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, April 10th. Mizuho boosted their price objective on shares of Delek US from $54.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, May 27th. Finally, Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a report on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $44.69.

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.