Insider Selling: Delek US (NYSE:DK) EVP Sells $1,544,700.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Joseph Israel sold 38,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $40.65, for a total value of $1,544,700.00. Following the completion of the transaction, the executive vice president owned 55,623 shares in the company, valued at $2,261,074.95. The trade was a 40.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Delek US Price Performance

Shares of NYSE DK traded down $2.44 during mid-day trading on Friday, reaching $42.35. The company’s stock had a trading volume of 1,747,393 shares, compared to its average volume of 1,588,294. The company has a debt-to-equity ratio of 5.89, a current ratio of 0.82 and a quick ratio of 0.58. Delek US Holdings, Inc. has a 52 week low of $11.02 and a 52 week high of $45.74. The stock has a fifty day moving average of $32.38 and a two-hundred day moving average of $33.31. The firm has a market capitalization of $2.54 billion, a PE ratio of -121.00 and a beta of 0.75.

Delek US (NYSE:DK) last posted its quarterly earnings results on Friday, February 27th. The oil and gas company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.63. Delek US had a negative return on equity of 13.55% and a negative net margin of 0.21%.The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period in the previous year, the firm earned ($2.54) EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side 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, March 9th. Investors of record on Monday, March 2nd will be given a dividend of $0.255 per share. The ex-dividend date is Monday, March 2nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.4%. Delek US’s dividend payout ratio is currently -291.43%.

Wall Street Analysts Forecast Growth

DK has been the topic of several research analyst reports. Mizuho boosted their price target on shares of Delek US from $45.00 to $51.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Wells Fargo & Company lifted their target price on Delek US from $43.00 to $53.00 and gave the stock an “overweight” rating in a report on Monday, November 10th. JPMorgan Chase & Co. dropped their price target on Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 15th. Piper Sandler cut their price target on Delek US from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Finally, Citigroup decreased their price objective on Delek US from $37.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $39.46.

Institutional Investors Weigh In On Delek US

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DK. Allianz Asset Management GmbH lifted its holdings in Delek US by 40.2% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,474,083 shares of the oil and gas company’s stock valued at $47,569,000 after buying an additional 423,017 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new position in Delek US in the 3rd quarter worth about $1,338,000. Federated Hermes Inc. purchased a new position in shares of Delek US during the third quarter worth approximately $5,416,000. Quantbot Technologies LP purchased a new stake in shares of Delek US in the 2nd quarter worth $1,089,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Delek US during the 2nd quarter worth $454,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

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.