Laurie Tolson Sells 4,921 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) Director Laurie Tolson sold 4,921 shares of Delek US stock in a transaction on Monday, May 18th. The stock was sold at an average price of $46.30, for a total transaction of $227,842.30. Following the completion of the transaction, the director owned 18,226 shares in the company, valued at approximately $843,863.80. The trade was a 21.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Delek US Trading Down 2.1%

NYSE:DK traded down $0.94 during trading hours on Wednesday, reaching $44.60. The company’s stock had a trading volume of 1,222,733 shares, compared to its average volume of 1,382,771. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of -49.02, a PEG ratio of 0.34 and a beta of 0.63. The firm has a 50-day simple moving average of $43.38 and a 200-day simple moving average of $37.54. Delek US Holdings, Inc. has a 1 year low of $17.56 and a 1 year high of $49.50. The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76.

Delek US (NYSE:DK) last issued its earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($1.42) by $1.50. The company had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The firm’s revenue was up .4% compared to the same quarter last year. During the same quarter last year, the company earned ($2.32) EPS. Research analysts expect that Delek US Holdings, Inc. will post 4.54 EPS for the current fiscal year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 1st were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Delek US’s dividend payout ratio (DPR) is -112.09%.

Institutional Investors Weigh In On Delek US

Hedge funds have recently bought and sold shares of the business. ION Fund Management Ltd purchased a new position in shares of Delek US during the fourth quarter valued at approximately $52,427,000. Norges Bank purchased a new position in shares of Delek US during the fourth quarter valued at approximately $48,374,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Delek US by 6,300.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock valued at $42,153,000 after purchasing an additional 1,285,861 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Delek US by 1,516.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 996,059 shares of the oil and gas company’s stock valued at $29,544,000 after purchasing an additional 934,448 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of Delek US by 1,173.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company’s stock valued at $28,322,000 after purchasing an additional 879,900 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citigroup raised their price target on shares of Delek US from $33.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a report on Monday. Wells Fargo & Company raised their price target on shares of Delek US from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. UBS Group raised their price target on shares of Delek US from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. Finally, The Goldman Sachs Group raised shares of Delek US from a “neutral” rating to a “buy” rating and raised their price target for the stock from $43.00 to $55.00 in a report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $44.23.

Delek US Company Profile

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.