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

Delek US Holdings, Inc. (NYSE:DK) Director William Finnerty sold 2,943 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 30,405 shares in the company, valued at $2,346,353.85. This represents a 8.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Delek US Stock Performance

NYSE DK opened at $78.04 on Wednesday. The firm’s fifty day moving average price is $66.67 and its two-hundred day moving average price is $52.20. The stock has a market cap of $4.78 billion, a PE ratio of 21.92, a PEG ratio of 0.49 and a beta of 0.59. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76. Delek US Holdings, Inc. has a fifty-two week low of $25.85 and a fifty-two week high of $79.14.

Delek US (NYSE:DK) last released 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 for the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter last year, the business posted ($0.56) EPS. Delek US’s revenue for the quarter was up 47.9% on a year-over-year basis. On average, equities analysts expect that Delek US Holdings, Inc. will post 11.93 EPS for the current fiscal year.

Delek US Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.255 per share. 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 payout ratio is 28.65%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DK. BlackRock Inc. bought a new stake in shares of Delek US in the 2nd quarter valued at $275,233,000. Arrowstreet Capital Limited Partnership raised its stake in Delek US by 26.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,596,093 shares of the oil and gas company’s stock worth $71,936,000 after buying an additional 335,892 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in Delek US by 19.0% in the first 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 buying an additional 181,820 shares during the period. Norges Bank acquired a new position in Delek US in the fourth quarter valued at $48,374,000. Finally, Bank of America Corp DE boosted its position in Delek US by 118.0% during the first quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company’s stock valued at $38,138,000 after acquiring an additional 458,004 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. TD Cowen lifted their target price on shares of Delek US from $76.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday. Zacks Research raised shares of Delek US from a “hold” rating to a “strong-buy” rating in a research note on Friday, June 26th. Morgan Stanley lifted their price target on shares of Delek US from $45.00 to $81.00 and gave the stock an “equal weight” rating in a report on Monday. Citigroup restated a “neutral” rating on shares of Delek US in a report on Thursday, August 6th. Finally, Weiss Ratings raised Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Delek US has a consensus rating of “Moderate Buy” and a consensus target price 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.