Delek US (NYSE:DK) Director Richard Marcogliese Sells 2,000 Shares of Stock

Delek US Holdings, Inc. (NYSE:DK) Director Richard Marcogliese sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $71.05, for a total transaction of $142,100.00. Following the transaction, the director owned 12,880 shares in the company, valued at approximately $915,124. This trade represents a 13.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Delek US Stock Down 0.4%

DK stock opened at $67.80 on Wednesday. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47. The company has a market cap of $4.15 billion, a price-to-earnings ratio of 19.05, a price-to-earnings-growth ratio of 1.48 and a beta of 0.57. Delek US Holdings, Inc. has a 12 month low of $25.33 and a 12 month high of $72.00. The company has a fifty day moving average price of $58.95 and a 200 day moving average price of $48.05.

Delek US (NYSE:DK) last announced its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $2.81. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The business’s revenue was up 47.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.56) earnings per share. Sell-side analysts expect that Delek US Holdings, Inc. will post 10.1 earnings per share for the current year.

Delek US Announces Dividend

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

Hedge Funds Weigh In On Delek US

Institutional investors and hedge funds have recently modified their holdings of the company. Thoroughbred Financial Services LLC boosted its stake in Delek US by 1.3% in the fourth quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock valued at $805,000 after acquiring an additional 348 shares during the period. New York State Common Retirement Fund raised its position in shares of Delek US by 1.8% during the 4th quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock worth $654,000 after purchasing an additional 400 shares during the period. Aster Capital Management DIFC Ltd raised its position in shares of Delek US by 23.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock worth $67,000 after purchasing an additional 425 shares during the period. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Delek US by 95.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 432 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its holdings in shares of Delek US by 2.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after purchasing an additional 507 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

DK has been the subject of several research analyst reports. Wall Street Zen upgraded Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. TD Cowen lifted their price objective on Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Morgan Stanley boosted their price target on Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, June 12th. Raymond James Financial upped their price objective on Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Delek US in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $53.15.

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.