Delek US Holdings, Inc. (DK) COO Frederec Green Sells 10,000 Shares of Stock
Delek US Holdings, Inc. (NYSE:DK) COO Frederec Green sold 10,000 shares of Delek US Holdings stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $28.00, for a total transaction of $280,000.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Delek US Holdings, Inc. (NYSE DK) traded down $0.08 during trading hours on Friday, hitting $27.67. 473,228 shares of the stock traded hands, compared to its average volume of 688,032. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.49 and a quick ratio of 1.06.
Delek US Holdings (NYSE:DK) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.37). The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $944.29 million. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.08) EPS. sell-side analysts expect that Delek US Holdings, Inc. will post 0.5 earnings per share for the current year.
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A number of equities research analysts recently weighed in on DK shares. Macquarie upgraded shares of Delek US Holdings from a “neutral” rating to an “outperform” rating in a report on Monday, October 23rd. Zacks Investment Research lowered shares of Delek US Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub lowered shares of Delek US Holdings from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 16th. Wolfe Research upgraded shares of Delek US Holdings from a “market perform” rating to an “outperform” rating in a report on Tuesday, July 25th. Finally, Scotiabank set a $26.00 price objective on shares of Delek US Holdings and gave the company a “hold” rating in a report on Thursday, August 3rd. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.10.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Amalgamated Bank bought a new position in shares of Delek US Holdings during the 2nd quarter worth approximately $207,000. Aperio Group LLC bought a new position in shares of Delek US Holdings during the 3rd quarter worth approximately $236,000. Airain ltd bought a new position in shares of Delek US Holdings during the 2nd quarter worth approximately $244,000. SG Americas Securities LLC bought a new position in shares of Delek US Holdings during the 2nd quarter worth approximately $245,000. Finally, Virtu Financial LLC bought a new position in shares of Delek US Holdings during the 2nd quarter worth approximately $252,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Delek US Holdings 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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