Delek US Holdings, Inc. (NYSE:DK)’s share price reached a new 52-week low during trading on Wednesday after an insider sold shares in the company. The stock traded as low as $21.31 and last traded at $21.24, with a volume of 277,632 shares changing hands. The stock had previously closed at $22.13.

Specifically, CFO Assi Ginzburg sold 8,936 shares of the firm’s stock in a transaction that occurred on Friday, May 26th. The shares were sold at an average price of $25.33, for a total value of $226,348.88. Following the completion of the transaction, the chief financial officer now owns 94,431 shares of the company’s stock, valued at approximately $2,391,937.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Charles H. Leonard sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $22.10, for a total transaction of $55,250.00. Following the completion of the transaction, the director now directly owns 23,035 shares of the company’s stock, valued at approximately $509,073.50. The disclosure for this sale can be found here. Insiders sold a total of 240,845 shares of company stock valued at $6,127,346 in the last quarter. 1.42% of the stock is owned by insiders.

Several brokerages have commented on DK. BidaskClub cut shares of Delek US Holdings from a “hold” rating to a “sell” rating in a research report on Monday. Tudor Pickering reissued a “hold” rating on shares of Delek US Holdings in a research report on Wednesday, July 12th. Zacks Investment Research cut shares of Delek US Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Scotiabank set a $26.00 price target on shares of Delek US Holdings and gave the company a “hold” rating in a research report on Thursday, August 3rd. Finally, Citigroup Inc. cut shares of Delek US Holdings from a “buy” rating to a “neutral” rating and set a $29.00 price target for the company. in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the company. Delek US Holdings has a consensus rating of “Hold” and an average target price of $24.71.

The stock has a 50 day moving average of $25.63 and a 200-day moving average of $24.56. The stock’s market capitalization is $1.32 billion.

Delek US Holdings (NYSE:DK) last announced its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.03) by $0.37. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $944.29 million. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. Delek US Holdings’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.08) earnings per share. Equities analysts anticipate that Delek US Holdings, Inc. will post ($0.20) earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Stockholders of record on Wednesday, August 23rd will be paid a $0.15 dividend. The ex-dividend date is Monday, August 21st. This represents a $0.60 annualized dividend and a dividend yield of 2.71%. Delek US Holdings’s dividend payout ratio (DPR) is presently -25.86%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Delek US Holdings by 33.7% in the second quarter. Vanguard Group Inc. now owns 6,958,487 shares of the oil and gas company’s stock valued at $183,982,000 after buying an additional 1,753,373 shares during the period. FMR LLC increased its position in shares of Delek US Holdings by 24.9% in the second quarter. FMR LLC now owns 4,248,836 shares of the oil and gas company’s stock valued at $112,339,000 after buying an additional 846,855 shares during the period. BlackRock Inc. increased its position in shares of Delek US Holdings by 1.3% in the second quarter. BlackRock Inc. now owns 3,912,278 shares of the oil and gas company’s stock valued at $103,441,000 after buying an additional 50,532 shares during the period. Victory Capital Management Inc. increased its position in shares of Delek US Holdings by 0.3% in the second quarter. Victory Capital Management Inc. now owns 2,649,770 shares of the oil and gas company’s stock valued at $70,060,000 after buying an additional 8,586 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Delek US Holdings by 67.0% in the second quarter. JPMorgan Chase & Co. now owns 2,415,921 shares of the oil and gas company’s stock valued at $63,877,000 after buying an additional 969,671 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark legislation. The original version of this story can be viewed at https://www.watchlistnews.com/delek-us-holdings-inc-dk-hits-new-1-year-low-on-insider-selling/1495752.html.

About Delek US Holdings

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.

Receive News & Ratings for Delek US Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US Holdings Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.