Delek US (NYSE:DK) Director Vicky Sutil Sells 1,871 Shares

Delek US Holdings, Inc. (NYSE:DK) Director Vicky Sutil sold 1,871 shares of the business’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $48.00, for a total transaction of $89,808.00. Following the sale, the director directly owned 29,368 shares of the company’s stock, valued at $1,409,664. This represents a 5.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Vicky Sutil also recently made the following trade(s):

• On Monday, June 1st, Vicky Sutil sold 3,061 shares of Delek US stock. The shares were sold at an average price of $46.00, for a total transaction of $140,806.00.
• On Friday, May 29th, Vicky Sutil sold 1,848 shares of Delek US stock. The stock was sold at an average price of $45.00, for a total transaction of $83,160.00.
• On Thursday, May 28th, Vicky Sutil sold 1,849 shares of Delek US stock. The stock was sold at an average price of $44.03, for a total transaction of $81,411.47.

Delek US Stock Up 1.4%

Delek US stock traded up $0.69 during midday trading on Friday, hitting $48.36. 1,308,398 shares of the company’s stock were exchanged, compared to its average volume of 1,076,910. The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76. Delek US Holdings, Inc. has a 12 month low of $18.94 and a 12 month high of $49.50. The firm has a 50-day moving average of $43.85 and a two-hundred day moving average of $37.98. The company has a market cap of $2.96 billion, a PE ratio of -53.14, a P/E/G ratio of 0.33 and a beta of 0.60.

Delek US (NYSE:DK) last issued its earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.42) by $1.50. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the business earned ($2.32) EPS. As a group, analysts expect that Delek US Holdings, Inc. will post 4.96 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 1st were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Friday, May 1st. Delek US’s dividend payout ratio is presently -112.09%.

Institutional Trading of Delek US

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Delek US by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock valued at $187,773,000 after buying an additional 38,577 shares during the period. Ion Asset Management Ltd. increased its stake in Delek US by 1.8% during the second quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock worth $79,296,000 after purchasing an additional 67,490 shares during the period. State Street Corp increased its stake in Delek US by 3.4% during the fourth quarter. State Street Corp now owns 2,639,447 shares of the oil and gas company’s stock worth $78,286,000 after purchasing an additional 87,846 shares during the period. Morgan Stanley grew its position in shares of Delek US by 24.7% during the fourth quarter. Morgan Stanley now owns 2,033,037 shares of the oil and gas company’s stock worth $60,300,000 after buying an additional 403,059 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Delek US by 29.4% during the third quarter. Barclays PLC now owns 1,873,578 shares of the oil and gas company’s stock worth $60,460,000 after buying an additional 425,896 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Raymond James Financial increased their price objective on shares of Delek US from $47.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, March 25th. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 18th. UBS Group upped their price target on Delek US from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. The Goldman Sachs Group raised shares of Delek US from a “neutral” rating to a “buy” rating and lifted their price target for the company from $43.00 to $55.00 in a research note on Friday, April 10th. Finally, Mizuho lifted their price target on shares of Delek US from $54.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, May 27th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $44.69.

About Delek US

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.