Delek US (NYSE:DK) declared that its board has initiated a share repurchase plan, which permits the company to repurchase $150.00 million in outstanding shares on Monday, February 26th, EventVestor reports. This repurchase authorization permits the oil and gas company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Delek US (NYSE DK) opened at $34.96 on Friday. The company has a market cap of $2,897.73, a PE ratio of 10.22, a PEG ratio of 1.44 and a beta of 1.63. Delek US has a 1-year low of $20.65 and a 1-year high of $39.43. The company has a current ratio of 1.09, a quick ratio of 0.76 and a debt-to-equity ratio of 0.60.

Delek US (NYSE:DK) last released its quarterly earnings data on Monday, February 26th. The oil and gas company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.10 billion. Delek US had a net margin of 3.99% and a return on equity of 6.64%. The firm’s revenue for the quarter was up 129.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.44) EPS. research analysts anticipate that Delek US will post 2.4 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 12th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.29%. This is an increase from Delek US’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 9th. Delek US’s dividend payout ratio (DPR) is presently 17.54%.

DK has been the topic of a number of research analyst reports. Morgan Stanley upgraded shares of Delek US from an “equal weight” rating to an “overweight” rating and set a $44.00 target price on the stock in a research note on Thursday, January 11th. Wells Fargo & Co raised shares of Delek US from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Tuesday, November 14th. Raymond James Financial raised shares of Delek US from an “outperform” rating to a “strong-buy” rating and increased their price target for the company from $32.00 to $35.00 in a report on Monday, November 13th. Tudor Pickering raised shares of Delek US from a “hold” rating to a “buy” rating in a report on Friday, November 17th. Finally, Zacks Investment Research downgraded shares of Delek US from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. Delek US currently has an average rating of “Buy” and an average price target of $36.36.

In other news, COO Frederec Green sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $38.00, for a total transaction of $950,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Donald Norman Holmes sold 4,476 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $32.74, for a total transaction of $146,544.24. The disclosure for this sale can be found here. Insiders have sold a total of 131,510 shares of company stock valued at $4,582,022 over the last ninety days. 1.61% of the stock is owned by insiders.

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Delek US Company Profile

Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.

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