William Finnerty Sells 2,943 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) Director William Finnerty sold 2,943 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $77.17, for a total transaction of $227,111.31. Following the completion of the transaction, the director owned 30,405 shares of the company’s stock, valued at approximately $2,346,353.85. This represents a 8.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Delek US Price Performance

Shares of NYSE:DK traded up $3.57 during midday trading on Tuesday, reaching $78.04. 1,755,162 shares of the company’s stock were exchanged, compared to its average volume of 1,819,420. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76. The company’s 50 day simple moving average is $66.67 and its two-hundred day simple moving average is $52.20. Delek US Holdings, Inc. has a 12 month low of $25.85 and a 12 month high of $79.14. The firm has a market capitalization of $4.78 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 0.49 and a beta of 0.59.

Delek US (NYSE:DK) last posted its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $2.81. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The business 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 firm posted ($0.56) earnings per share. The firm’s revenue for the quarter was up 47.9% on a year-over-year basis. Equities research analysts expect that Delek US Holdings, Inc. will post 11.93 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, August 3rd. Delek US’s dividend payout ratio is currently 28.65%.

Hedge Funds Weigh In On Delek US

Several institutional investors have recently bought and sold shares of DK. BlackRock Inc. bought a new stake in shares of Delek US during the second quarter worth $275,233,000. Norges Bank acquired a new position in Delek US during the 4th quarter worth about $48,374,000. Arrowstreet Capital Limited Partnership grew its holdings in Delek US by 26.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,596,093 shares of the oil and gas company’s stock worth $71,936,000 after acquiring an additional 335,892 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Delek US by 19.0% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,136,720 shares of the oil and gas company’s stock valued at $51,232,000 after acquiring an additional 181,820 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Delek US by 118.0% in the first quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company’s stock worth $38,138,000 after acquiring an additional 458,004 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. The Goldman Sachs Group raised their target price on Delek US from $73.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. TD Cowen upped their price target on Delek US from $76.00 to $90.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings upgraded Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Mizuho lifted their price objective on Delek US from $60.00 to $66.00 and gave the company an “outperform” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.45.

Delek US Company Profile

Delek US Holdings, Inc (NYSE: DK) is a downstream energy company engaged primarily in petroleum refining, wholesale fuel marketing and logistics. The company produces transportation fuels and other refined petroleum products, including gasoline, diesel, jet fuel and asphalt.

Delek US operates refineries in the southern United States, including facilities in Texas, Arkansas and Louisiana. Its refining operations are supported by crude oil gathering, transportation, storage and other logistics activities conducted through Delek Logistics Partners, a publicly traded master limited partnership that is managed and partially owned by Delek US.

Founded in 2001 and headquartered in Brentwood, Tennessee, Delek US serves regional markets across the central and southeastern United States.