Delek US (NYSE:DK) Director William Finnerty Sells 1,457 Shares

Delek US Holdings, Inc. (NYSE:DK) Director William Finnerty sold 1,457 shares of Delek US stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $64.70, for a total transaction of $94,267.90. Following the completion of the transaction, the director owned 33,348 shares of the company’s stock, valued at $2,157,615.60. This represents a 4.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Delek US Stock Down 0.4%

Delek US stock opened at $67.80 on Wednesday. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47. Delek US Holdings, Inc. has a 1-year low of $25.33 and a 1-year high of $72.00. The stock has a market cap of $4.15 billion, a PE ratio of 19.05, a P/E/G ratio of 1.48 and a beta of 0.57. The stock’s fifty day moving average is $58.95 and its two-hundred day moving average is $48.05.

Delek US (NYSE:DK) last announced its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the prior year, the company posted ($0.56) earnings per share. The firm’s quarterly revenue was up 47.9% compared to the same quarter last year. On average, sell-side analysts expect that Delek US Holdings, Inc. will post 10.1 EPS for the current fiscal year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 1.5%. Delek US’s payout ratio is 28.65%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Delek US from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 9th. The Goldman Sachs Group upped their price target on shares of Delek US from $73.00 to $83.00 and gave the company a “buy” rating in a research report on Tuesday, August 18th. Raymond James Financial increased their price target on shares of Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Zacks Research upgraded Delek US from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Weiss Ratings raised Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $53.15.

Institutional Investors Weigh In On Delek US

A number of hedge funds have recently added to or reduced their stakes in DK. Vanguard Group Inc. boosted 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 purchasing an additional 38,577 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Delek US in the 2nd quarter valued at approximately $275,233,000. Ion Asset Management Ltd. boosted its stake in shares of Delek US by 1.8% in the second quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock valued at $79,296,000 after buying an additional 67,490 shares in the last quarter. California State Teachers Retirement System grew its holdings in Delek US by 4,681.3% during the second quarter. California State Teachers Retirement System now owns 3,411,231 shares of the oil and gas company’s stock worth $173,325,000 after acquiring an additional 3,339,885 shares during the period. Finally, State Street Corp grew its holdings 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 acquiring an additional 87,846 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.