Delek US Holdings, Inc. (NYSE:DK) CFO Purchases $45,200.00 in Stock

Delek US Holdings, Inc. (NYSE:DK – Get Rating) CFO Reuven Spiegel acquired 2,000 shares of Delek US stock in a transaction that occurred on Tuesday, March 14th. The shares were bought at an average cost of $22.60 per share, with a total value of $45,200.00. Following the transaction, the chief financial officer now owns 33,148 shares in the company, valued at $749,144.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Delek US Stock Down 0.3 %

Delek US stock opened at $22.18 on Friday. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 6.32, a PEG ratio of 0.92 and a beta of 1.43. The stock has a fifty day simple moving average of $25.51 and a two-hundred day simple moving average of $27.64. Delek US Holdings, Inc. has a 12 month low of $18.10 and a 12 month high of $35.45. The company has a current ratio of 1.20, a quick ratio of 0.71 and a debt-to-equity ratio of 2.79.

Delek US (NYSE:DK – Get Rating) last released its quarterly earnings results on Tuesday, February 28th. The oil and gas company reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.05). The firm had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Delek US had a return on equity of 35.96% and a net margin of 1.27%. The business’s quarterly revenue was up 44.1% on a year-over-year basis. During the same quarter last year, the business earned ($0.61) earnings per share. Equities analysts predict that Delek US Holdings, Inc. will post 4.76 EPS for the current fiscal year.

Delek US Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 17th. Stockholders of record on Friday, March 10th were paid a $0.22 dividend. This is an increase from Delek US’s previous quarterly dividend of $0.21. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend was Thursday, March 9th. Delek US’s dividend payout ratio (DPR) is 25.07%.

Analyst Ratings Changes

A number of research analysts recently weighed in on DK shares. Raymond James reduced their price objective on Delek US from $35.00 to $32.00 and set an “outperform” rating for the company in a research report on Tuesday. Piper Sandler lowered Delek US from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $49.00 to $32.00 in a research report on Friday, January 20th. Mizuho reduced their price objective on Delek US from $30.00 to $25.00 in a research report on Friday, March 10th. StockNews.com started coverage on Delek US in a research report on Thursday. They set a “hold” rating for the company. Finally, UBS Group started coverage on Delek US in a research report on Wednesday, March 8th. They set a “neutral” rating and a $29.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Delek US has an average rating of “Hold” and a consensus target price of $31.42.

Hedge Funds Weigh In On Delek US

Institutional investors and hedge funds have recently modified their holdings of the company. American International Group Inc. lifted its position in Delek US by 1.2% during the second quarter. American International Group Inc. now owns 32,994 shares of the oil and gas company’s stock valued at $853,000 after purchasing an additional 393 shares in the last quarter. Van ECK Associates Corp lifted its position in Delek US by 1.9% during the fourth quarter. Van ECK Associates Corp now owns 22,786 shares of the oil and gas company’s stock valued at $615,000 after purchasing an additional 434 shares in the last quarter. Advisor Group Holdings Inc. lifted its position in Delek US by 44.3% during the first quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company’s stock valued at $33,000 after purchasing an additional 486 shares in the last quarter. IFP Advisors Inc purchased a new position in Delek US during the third quarter valued at $30,000. Finally, Sei Investments Co. lifted its position in Delek US by 0.7% during the fourth quarter. Sei Investments Co. now owns 97,144 shares of the oil and gas company’s stock valued at $2,623,000 after purchasing an additional 648 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

About Delek US

(Get Rating)

Delek US Holdings, Inc engages in petroleum refining, and the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products.