Delek US (NYSE:DK) EVP Robert Wright Sells 5,643 Shares of Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Robert Wright sold 5,643 shares of the company’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $41.46, for a total transaction of $233,958.78. Following the completion of the transaction, the executive vice president owned 41,269 shares of the company’s stock, valued at approximately $1,711,012.74. This trade represents a 12.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Delek US Trading Up 2.4%

Shares of Delek US stock traded up $0.96 during trading on Friday, hitting $40.32. The company’s stock had a trading volume of 258,796 shares, compared to its average volume of 1,715,606. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of -4.94 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. The stock has a 50-day moving average price of $34.45 and a two-hundred day moving average price of $25.92. The company has a debt-to-equity ratio of 7.12, a current ratio of 0.86 and a quick ratio of 0.50.

Delek US (NYSE:DK) last announced its earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 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 anticipate that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

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

Hedge Funds Weigh In On Delek US

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Comerica Bank increased its position in Delek US by 8.2% in the 3rd quarter. Comerica Bank now owns 45,201 shares of the oil and gas company’s stock valued at $1,459,000 after buying an additional 3,414 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Delek US in the third quarter valued at approximately $27,000. Jump Financial LLC bought a new stake in shares of Delek US during the third quarter valued at approximately $12,939,000. Invesco Ltd. raised its position in shares of Delek US by 37.7% during the third quarter. Invesco Ltd. now owns 196,167 shares of the oil and gas company’s stock worth $6,330,000 after purchasing an additional 53,746 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Delek US by 6,300.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock worth $42,153,000 after purchasing an additional 1,285,861 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on DK. JPMorgan Chase & Co. raised their price target on shares of Delek US from $19.00 to $35.00 and gave the stock a “neutral” rating in a report on Wednesday, October 15th. Raymond James Financial increased their price objective on shares of Delek US from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. Scotiabank boosted their target price on shares of Delek US from $33.00 to $40.00 and gave the company a “sector perform” rating in a report on Monday. Bank of America upped their price target on shares of Delek US from $14.00 to $24.00 and gave the company an “underperform” rating in a research report on Wednesday, September 3rd. Finally, Cowen raised Delek US from a “sell” rating to a “hold” rating in a research report on Friday, September 19th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $37.08.

Delek US Company Profile

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.