Reuven Spiegel Sells 20,000 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Reuven Spiegel sold 20,000 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $42.84, for a total value of $856,800.00. Following the sale, the executive vice president owned 48,530 shares in the company, valued at approximately $2,079,025.20. This represents a 29.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Delek US Stock Performance

Shares of DK traded down $2.44 during mid-day trading on Friday, hitting $42.35. 1,747,393 shares of the company traded hands, compared to its average volume of 1,588,294. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.58 and a current ratio of 0.82. Delek US Holdings, Inc. has a 1 year low of $11.02 and a 1 year high of $45.74. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of -121.00 and a beta of 0.75. The stock has a 50-day moving average price of $32.38 and a two-hundred day moving average price of $33.31.

Delek US (NYSE:DK) last posted its earnings results on Friday, February 27th. The oil and gas company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.63. The company had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.55 billion. Delek US had a negative return on equity of 13.55% and a negative net margin of 0.21%.Delek US’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($2.54) earnings per share. Equities analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Monday, March 2nd. Delek US’s dividend payout ratio is presently -291.43%.

Hedge Funds Weigh In On Delek US

Several hedge funds have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH grew its stake in shares of Delek US by 40.2% during the third 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 during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Delek US during the 3rd quarter worth approximately $1,338,000. Federated Hermes Inc. purchased a new position in Delek US during the 3rd quarter valued at $5,416,000. Quantbot Technologies LP bought a new position in Delek US in the 2nd quarter valued at $1,089,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Delek US in the second quarter worth $454,000. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DK shares. Citigroup lowered their price objective on Delek US from $37.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, January 26th. Scotiabank set a $34.00 price target on Delek US in a research note on Friday, January 16th. UBS Group lifted their price objective on shares of Delek US from $31.00 to $42.00 and gave the company a “neutral” rating in a research report on Tuesday, November 18th. Mizuho upped their target price on shares of Delek US from $45.00 to $51.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Delek US in a research note on Wednesday, January 21st. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.46.

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.