Delek US (NYSE:DK) EVP Reuven Spiegel Sells 7,500 Shares of Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Reuven Spiegel sold 7,500 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $73.21, for a total value of $549,075.00. Following the transaction, the executive vice president owned 28,935 shares in the company, valued at $2,118,331.35. The trade was a 20.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Reuven Spiegel also recently made the following trade(s):

• On Tuesday, August 18th, Reuven Spiegel sold 10,000 shares of Delek US stock. The shares were sold at an average price of $68.21, for a total transaction of $682,100.00.

Delek US Stock Performance

NYSE:DK opened at $71.95 on Friday. 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 twelve month low of $25.85 and a twelve month high of $77.40. The company has a fifty day moving average of $62.97 and a 200-day moving average of $49.91. The firm has a market capitalization of $4.41 billion, a P/E ratio of 20.21, a P/E/G ratio of 1.42 and a beta of 0.59.

Delek US (NYSE:DK) last issued its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $2.81. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. Delek US’s revenue was up 47.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.56) earnings per share. As a group, sell-side analysts anticipate that Delek US Holdings, Inc. will post 11.05 EPS for the current year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, August 3rd. Delek US’s dividend payout ratio is 28.65%.

Hedge Funds Weigh In On Delek US

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Delek US during the 2nd quarter worth approximately $275,233,000. California State Teachers Retirement System lifted its holdings in shares of Delek US by 4,681.3% in the second quarter. California State Teachers Retirement System now owns 3,411,231 shares of the oil and gas company’s stock valued at $173,325,000 after purchasing an additional 3,339,885 shares in the last quarter. ION Fund Management Ltd purchased a new position in shares of Delek US during the fourth quarter valued at approximately $52,427,000. Norges Bank purchased a new position in shares of Delek US during the fourth quarter valued at approximately $48,374,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Delek US by 6,300.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock worth $42,153,000 after buying an additional 1,285,861 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Wall Street Zen upgraded Delek US from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 9th. The Goldman Sachs Group raised their price objective on Delek US from $73.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Weiss Ratings upgraded Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Finally, TD Cowen upped their target price on Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Delek US presently has an average rating of “Moderate Buy” and an average target price of $59.09.

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.