Mark Wayne Hobbs Sells 20,000 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Mark Wayne Hobbs sold 20,000 shares of Delek US stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $64.59, for a total value of $1,291,800.00. Following the completion of the transaction, the executive vice president owned 104,326 shares in the company, valued at $6,738,416.34. The trade was a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Stock Performance

NYSE DK traded up $0.73 during trading on Tuesday, hitting $67.94. The company’s stock had a trading volume of 1,478,303 shares, compared to its average volume of 1,264,624. Delek US Holdings, Inc. has a 52 week low of $21.09 and a 52 week high of $68.93. The firm has a market cap of $4.16 billion, a P/E ratio of 19.09, a price-to-earnings-growth ratio of 1.42 and a beta of 0.57. The firm has a 50 day moving average price of $56.84 and a 200 day moving average price of $46.74. 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 (NYSE:DK) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, beating the consensus estimate of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The company had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the prior year, the business earned ($0.56) earnings per share. Delek US’s revenue for the quarter was up 47.9% compared to the same quarter last year. Equities research analysts forecast that Delek US Holdings, Inc. will post 10.1 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.255 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 1.5%. Delek US’s payout ratio is currently 28.65%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Mizuho raised their price objective on shares of Delek US from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Raymond James Financial increased their price target on shares of Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. 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. The Goldman Sachs Group lifted their price objective on Delek US from $73.00 to $83.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Zacks Research upgraded Delek US from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $53.15.

Institutional Trading of Delek US

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Delek US by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock valued at $187,773,000 after buying an additional 38,577 shares during the period. BlackRock Inc. acquired a new stake in Delek US in the second quarter worth about $275,233,000. Ion Asset Management Ltd. raised its holdings in Delek US by 1.8% during the 2nd quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock worth $79,296,000 after purchasing an additional 67,490 shares during the last quarter. State Street Corp raised its holdings in Delek US by 3.4% during the 4th quarter. State Street Corp now owns 2,639,447 shares of the oil and gas company’s stock worth $78,286,000 after purchasing an additional 87,846 shares during the last quarter. Finally, Morgan Stanley lifted its position in Delek US by 24.7% during the 4th quarter. Morgan Stanley now owns 2,033,037 shares of the oil and gas company’s stock valued at $60,300,000 after purchasing an additional 403,059 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.