Shlomo Zohar Sells 22,029 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) Director Shlomo Zohar sold 22,029 shares of the firm’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $44.83, for a total value of $987,560.07. Following the sale, the director owned 18,989 shares of the company’s stock, valued at approximately $851,276.87. This trade represents a 53.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shlomo Zohar also recently made the following trade(s):

• On Wednesday, March 4th, Shlomo Zohar sold 7,343 shares of Delek US stock. The shares were sold at an average price of $43.00, for a total value of $315,749.00.

Delek US Stock Performance

Delek US stock opened at $42.35 on Friday. The stock 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 current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 5.89. The stock has a 50 day moving average of $32.38 and a 200-day moving average of $33.38. Delek US Holdings, Inc. has a 52 week low of $11.02 and a 52 week high of $45.74.

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 (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.63. The business had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.55 billion. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($2.54) earnings per share. On average, analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be issued 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 currently -291.43%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Citigroup reduced their price target on shares of 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 objective on Delek US in a report on Friday, January 16th. Wall Street Zen upgraded Delek US from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. reduced their target price on Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a report on Thursday, January 15th. Finally, Morgan Stanley decreased their target price 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. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.46.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 buying an additional 432 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in Delek US during the third quarter worth about $27,000. EverSource Wealth Advisors LLC lifted its holdings in Delek US by 173.4% in the fourth 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 lifted its holdings in Delek US by 7,331.8% in the second 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 last quarter. Finally, Torren Management LLC acquired a new position in Delek US in the fourth quarter valued at approximately $40,000. 97.01% of the stock is currently owned by institutional investors.

Trending Headlines about Delek US

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.