Avigal Soreq Sells 50,000 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) CEO Avigal Soreq sold 50,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $41.08, for a total transaction of $2,054,000.00. Following the transaction, the chief executive officer owned 251,678 shares in the company, valued at $10,338,932.24. This trade represents a 16.57% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Delek US Stock Down 5.4%

Shares of NYSE:DK opened at $42.35 on Friday. The firm has a market capitalization of $2.54 billion, a PE ratio of -121.00 and a beta of 0.75. The business has a 50 day simple moving average of $32.38 and a two-hundred day simple moving average of $33.31. Delek US Holdings, Inc. has a 1 year low of $11.02 and a 1 year high of $45.74. 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 (NYSE:DK) last issued its quarterly earnings results on Friday, February 27th. The oil and gas company reported $0.44 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the prior year, the business posted ($2.54) earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Announces Dividend

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

More Delek US News

Here are the key news stories impacting Delek US this week:

• Positive Sentiment: TD Cowen raised its price target from $28 to $44 (hold), narrowing upside uncertainty and signaling improving analyst visibility. Finviz
• Positive Sentiment: Quarterly results: Delek US reported a surprise EPS beat ($0.44 vs. est. -$0.19), which is supportive for the shares despite a slight revenue shortfall. (Source: company/market coverage)
• Positive Sentiment: Dividend declared: a $0.255 quarterly dividend (annualized $1.02, ~2.3% yield) payable March 9 — offers short-term income support for the stock.
• Neutral Sentiment: Institutional activity: several large funds have adjusted positions recently (mix of increases and new stakes); institutional ownership remains high (~97%), which can both stabilize and concentrate stock moves.
• Negative Sentiment: CEO sale: CEO Avigal Soreq sold 50,000 shares (~$2.05M at ~$41.08). Large insider sales from the CEO often trigger investor concern about timing and outlook. CEO Sale — SEC filing: Form 4
• Negative Sentiment: Additional insider selling: multiple executives and directors sold sizable stakes in early March (EVPs Reuven Spiegel — 20,000 sh; Joseph Israel — 38,000 sh; Directors Shlomo Zohar and William Finnerty also sold). The cluster of senior-level sales is adding downward pressure. Relevant SEC filings: Spiegel (Read More.), Israel (Read More.), Zohar (Read More.), Finnerty (Read More.).
• Negative Sentiment: Analyst moves mixed-to-negative: Citi and Piper Sandler trimmed price targets (to $33 and $40 respectively) and Weiss reiterated a sell — these downward revisions amplify selling pressure even as some shops (e.g., Mizuho) remain bullish.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DK. Wells Fargo & Company upped their price target on shares of Delek US from $43.00 to $53.00 and gave the stock an “overweight” rating in a research report on Monday, November 10th. UBS Group boosted their target price on Delek US from $31.00 to $42.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 18th. JPMorgan Chase & Co. dropped their target price on Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 15th. Piper Sandler cut their target price on Delek US from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Finally, Citigroup decreased their target price on shares of Delek US from $37.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $39.46.

Institutional Trading of Delek US

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd raised its holdings in Delek US by 95.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 432 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in Delek US in the 3rd quarter worth approximately $27,000. EverSource Wealth Advisors LLC increased its stake in shares of Delek US by 173.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 614 shares during the last quarter. AlphaQuest LLC raised its holdings in shares of Delek US by 7,331.8% during the 2nd quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 1,613 shares during the period. Finally, Torren Management LLC acquired a new position in shares of Delek US during the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.