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 firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $42.84, for a total transaction of $856,800.00. Following the transaction, the executive vice president directly owned 48,530 shares in the company, valued at $2,079,025.20. This trade represents a 29.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Delek US Trading Down 5.4%

NYSE:DK opened at $42.35 on Friday. The firm has a 50-day simple moving average of $32.38 and a 200-day simple moving average of $33.38. Delek US Holdings, Inc. has a one year low of $11.02 and a one year high of $45.74. The firm has a market cap of $2.54 billion, a P/E ratio of -121.00 and a beta of 0.75. 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 (NYSE:DK) last released its quarterly earnings data on Friday, February 27th. The oil and gas company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.63. The firm had revenue of $2.43 billion for the quarter, compared to the consensus estimate of $2.55 billion. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm earned ($2.54) earnings per share. Equities analysts anticipate that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The business 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. This represents a $1.02 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, March 2nd. Delek US’s dividend payout ratio (DPR) is -291.43%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thoroughbred Financial Services LLC grew its stake in Delek US by 1.3% during the 4th quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock worth $805,000 after buying an additional 348 shares during the last quarter. New York State Common Retirement Fund raised its stake in Delek US by 1.8% in the fourth quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock valued at $654,000 after buying an additional 400 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its holdings in Delek US by 23.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock worth $67,000 after acquiring an additional 425 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 432 shares in the last quarter. Finally, Orion Porfolio Solutions LLC grew its stake in shares of Delek US by 2.2% during the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after acquiring an additional 507 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Morgan Stanley reduced their price target on Delek US from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 27th. Wall Street Zen raised Delek US from a “hold” rating to a “buy” rating in a research report on Saturday. 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 note on Thursday, January 8th. Scotiabank set a $34.00 target price on shares of Delek US in a report on Friday, January 16th. Finally, Mizuho increased their price target on shares of Delek US from $45.00 to $51.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $39.46.

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.

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.