Insider Selling: Delek US (NYSE:DK) Director Sells $457,385.50 in Stock

Delek US Holdings, Inc. (NYSE:DK) Director Vicky Sutil sold 6,397 shares of the business’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $71.50, for a total transaction of $457,385.50. Following the completion of the transaction, the director owned 26,407 shares in the company, valued at $1,888,100.50. This represents a 19.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Stock Performance

NYSE:DK opened at $76.22 on Friday. The firm has a 50-day moving average of $65.73 and a two-hundred day moving average of $51.47. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47. The stock has a market cap of $4.67 billion, a P/E ratio of 21.41, a PEG ratio of 1.49 and a beta of 0.59. Delek US Holdings, Inc. has a 1-year low of $25.85 and a 1-year high of $78.43.

Delek US (NYSE:DK) last announced its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period in the previous year, the company earned ($0.56) earnings per share. The company’s revenue for the quarter was up 47.9% compared to the same quarter last year. On average, research analysts expect that Delek US Holdings, Inc. will post 11.05 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.255 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.02 annualized dividend and a yield of 1.3%. Delek US’s payout ratio is currently 28.65%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DK shares. Morgan Stanley boosted their target price on shares of Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Friday, June 12th. JPMorgan Chase & Co. increased their price target on shares of Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Mizuho lifted their price target on Delek US from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Wells Fargo & Company boosted their price objective on Delek US from $59.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, September 1st. Finally, TD Cowen upped their price objective on Delek US from $58.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Delek US currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.09.

Hedge Funds Weigh In On Delek US

Hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP acquired a new stake in Delek US during the second quarter worth about $30,000. Brown Brothers Harriman & Co. bought a new position in shares of Delek US during the third quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Delek US by 95.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 432 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Delek US by 173.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 614 shares during the period. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Delek US in the 2nd quarter worth approximately $61,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is a downstream energy company engaged primarily in petroleum refining, wholesale fuel marketing and logistics. The company produces transportation fuels and other refined petroleum products, including gasoline, diesel, jet fuel and asphalt.

Delek US operates refineries in the southern United States, including facilities in Texas, Arkansas and Louisiana. Its refining operations are supported by crude oil gathering, transportation, storage and other logistics activities conducted through Delek Logistics Partners, a publicly traded master limited partnership that is managed and partially owned by Delek US.

Founded in 2001 and headquartered in Brentwood, Tennessee, Delek US serves regional markets across the central and southeastern United States.