William J. Finnerty Sells 6,000 Shares of Delek US Holdings, Inc. (DK) Stock
Delek US Holdings, Inc. (NYSE:DK) Director William J. Finnerty sold 6,000 shares of the company’s stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $45.47, for a total value of $272,820.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
DK stock opened at $46.76 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $3,884.62, a P/E ratio of 43.26, a P/E/G ratio of 1.59 and a beta of 1.44. Delek US Holdings, Inc. has a 1-year low of $20.65 and a 1-year high of $47.18.
Delek US (NYSE:DK) last posted its quarterly earnings data on Monday, February 26th. The oil and gas company reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.10. The company had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Delek US had a net margin of 3.99% and a return on equity of 5.99%. Delek US’s revenue for the quarter was up 129.0% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.44) earnings per share. sell-side analysts predict that Delek US Holdings, Inc. will post 2.92 earnings per share for the current year.
Delek US declared that its board has authorized a stock buyback program on Monday, February 26th that authorizes the company to repurchase $150.00 million in outstanding shares. This repurchase authorization authorizes the oil and gas company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
Several hedge funds have recently bought and sold shares of DK. Meeder Asset Management Inc. grew its position in Delek US by 194.4% during the fourth quarter. Meeder Asset Management Inc. now owns 3,286 shares of the oil and gas company’s stock valued at $115,000 after acquiring an additional 2,170 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Delek US by 51.3% during the third quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock valued at $188,000 after acquiring an additional 2,412 shares during the last quarter. Invictus RG bought a new position in Delek US during the fourth quarter valued at approximately $269,000. Macquarie Group Ltd. bought a new position in Delek US during the third quarter valued at approximately $273,000. Finally, First Trust Advisors LP bought a new position in Delek US during the fourth quarter valued at approximately $330,000. Institutional investors own 91.08% of the company’s stock.
Several equities research analysts have recently weighed in on DK shares. Zacks Investment Research upgraded Delek US from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, January 17th. Royal Bank of Canada reiterated a “buy” rating and set a $42.00 price target on shares of Delek US in a research report on Thursday, March 1st. Citigroup upgraded Delek US from a “neutral” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, February 14th. Morgan Stanley upgraded Delek US from an “equal weight” rating to an “overweight” rating and set a $44.00 price target on the stock in a research report on Thursday, January 11th. Finally, Deutsche Bank upped their price target on Delek US from $43.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, March 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. Delek US has a consensus rating of “Buy” and a consensus price target of $41.40.
About Delek US
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.
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