Delek US (NYSE:DK) Director Sells $337,778.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) Director Shlomo Zohar sold 7,343 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $46.00, for a total transaction of $337,778.00. Following the completion of the transaction, the director directly owned 6,646 shares of the company’s stock, valued at $305,716. This trade represents a 52.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shlomo Zohar also recently made the following trade(s):

• On Monday, March 9th, Shlomo Zohar sold 5,000 shares of Delek US stock. The shares were sold at an average price of $41.47, for a total value of $207,350.00.
• On Thursday, March 5th, Shlomo Zohar sold 22,029 shares of Delek US stock. The stock was sold at an average price of $44.83, for a total value of $987,560.07.
• On Wednesday, March 4th, Shlomo Zohar sold 7,343 shares of Delek US stock. The stock was sold at an average price of $43.00, for a total value of $315,749.00.

Delek US Stock Down 3.3%

Shares of NYSE DK opened at $44.41 on Thursday. Delek US Holdings, Inc. has a 52-week low of $11.02 and a 52-week high of $46.90. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.53 and a current ratio of 0.82. The business has a fifty day moving average of $35.75 and a two-hundred day moving average of $34.76. The stock has a market cap of $2.66 billion, a PE ratio of -126.90 and a beta of 0.75.

Delek US (NYSE:DK) last posted its earnings results on Friday, February 27th. The oil and gas company reported $0.44 earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.63. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. The business had revenue of $2.43 billion for the quarter, compared to analyst estimates of $2.55 billion. During the same quarter in the prior year, the firm earned ($2.54) EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.02 annualized dividend and a dividend yield of 2.3%. Delek US’s dividend payout ratio (DPR) is presently -291.43%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DK shares. Scotiabank set a $34.00 target price on Delek US in a report on Friday, January 16th. Wall Street Zen raised Delek US from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Morgan Stanley cut their price objective on Delek US from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 27th. Citigroup reduced their price objective on Delek US from $37.00 to $33.00 and set a “neutral” rating on the stock in a research note on Monday, January 26th. Finally, Piper Sandler lowered their target price on Delek US from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $41.00.

Institutional Trading of Delek US

Institutional investors and hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd boosted its position in shares of Delek US by 95.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 432 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in Delek US in the third quarter valued at about $27,000. EverSource Wealth Advisors LLC lifted its stake in Delek US by 173.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 614 shares during the period. Torren Management LLC acquired a new position in Delek US in the fourth quarter valued at about $40,000. Finally, Focus Partners Wealth bought a new position in Delek US during the third quarter worth about $44,000. Institutional investors own 97.01% of the company’s stock.

Delek US Company Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.