Delek US (NYSE:DK) EVP Robert Wright Sells 2,303 Shares

Delek US Holdings, Inc. (NYSE:DK) EVP Robert Wright sold 2,303 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $40.43, for a total transaction of $93,110.29. Following the completion of the transaction, the executive vice president directly owned 38,966 shares in the company, valued at approximately $1,575,395.38. The trade was a 5.58% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Delek US Stock Up 4.7%

Shares of Delek US stock traded up $1.84 during trading on Friday, hitting $41.20. The company’s stock had a trading volume of 648,851 shares, compared to its average volume of 1,717,951. The company has a fifty day simple moving average of $34.45 and a two-hundred day simple moving average of $25.92. The company has a debt-to-equity ratio of 7.12, a quick ratio of 0.50 and a current ratio of 0.86. The company has a market capitalization of $2.47 billion, a PE ratio of -5.03 and a beta of 0.99. Delek US Holdings, Inc. has a 52 week low of $11.02 and a 52 week high of $43.50.

Delek US (NYSE:DK) last issued its earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%.The firm had revenue of $2.96 billion for the quarter. Equities research analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Monday, November 10th. Delek US’s payout ratio is currently -12.50%.

Hedge Funds Weigh In On Delek US

Hedge funds and other institutional investors have recently modified their holdings of the business. AMG National Trust Bank increased its position in Delek US by 0.4% during the 2nd quarter. AMG National Trust Bank now owns 109,223 shares of the oil and gas company’s stock worth $2,313,000 after purchasing an additional 472 shares during the period. Orion Porfolio Solutions LLC increased its stake in shares of Delek US by 2.2% in the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after buying an additional 507 shares during the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in shares of Delek US by 5.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 13,546 shares of the oil and gas company’s stock worth $287,000 after acquiring an additional 686 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Delek US during the third quarter worth $27,000. Finally, CANADA LIFE ASSURANCE Co grew its stake in Delek US by 8.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 11,782 shares of the oil and gas company’s stock worth $250,000 after buying an additional 955 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DK has been the subject of several analyst reports. Mizuho increased their price target on shares of Delek US from $37.00 to $45.00 and gave the stock an “outperform” rating in a report on Tuesday. Cowen raised Delek US from a “sell” rating to a “hold” rating in a research note on Friday, September 19th. UBS Group raised their price target on Delek US from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, September 2nd. Bank of America increased their target price on Delek US from $14.00 to $24.00 and gave the stock an “underperform” rating in a report on Wednesday, September 3rd. Finally, The Goldman Sachs Group raised their target price on shares of Delek US from $28.00 to $39.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Delek US has a consensus rating of “Hold” and an average price target of $38.08.

About Delek US

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.