Delek US (NYSE:DK) Director Sells $227,500.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) Director William Finnerty sold 5,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $45.50, for a total transaction of $227,500.00. Following the completion of the sale, the director owned 41,369 shares in the company, valued at $1,882,289.50. This represents a 10.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Delek US Stock Down 1.0%

Shares of NYSE DK opened at $44.17 on Monday. Delek US Holdings, Inc. has a 52-week low of $11.02 and a 52-week high of $46.81. The company has a debt-to-equity ratio of 5.89, a quick ratio of 0.53 and a current ratio of 0.82. The stock has a market cap of $2.64 billion, a P/E ratio of -126.19 and a beta of 0.75. The firm has a 50 day moving average price of $34.88 and a 200 day moving average price of $34.52.

Delek US (NYSE:DK) last announced its quarterly earnings results on Friday, February 27th. The oil and gas company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.63. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. The company had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the firm posted ($2.54) earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.255 per share. The ex-dividend date was Monday, March 2nd. This represents a $1.02 annualized dividend and a yield of 2.3%. Delek US’s payout ratio is currently -291.43%.

Analyst Ratings Changes

Several brokerages have issued reports on DK. Mizuho increased their price target on Delek US from $51.00 to $54.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Citigroup cut their price objective on Delek US from $37.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, January 26th. TD Cowen boosted their price objective on Delek US from $28.00 to $44.00 and gave the company a “hold” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. lowered their target price on Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a research note on Thursday, January 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Delek US in a report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Delek US presently has a consensus rating of “Hold” and an average target price of $39.69.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DK. Rockefeller Capital Management L.P. increased its stake in Delek US by 1,327.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,955 shares of the oil and gas company’s stock valued at $58,000 after buying an additional 1,818 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Delek US by 350.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,037 shares of the oil and gas company’s stock worth $60,000 after buying an additional 1,585 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Delek US by 28.5% during the 4th quarter. Invesco Ltd. now owns 252,108 shares of the oil and gas company’s stock worth $7,478,000 after buying an additional 55,941 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Delek US by 631.7% in the 4th quarter. Mackenzie Financial Corp now owns 54,234 shares of the oil and gas company’s stock valued at $1,619,000 after acquiring an additional 46,822 shares in the last quarter. Finally, XTX Topco Ltd grew its holdings in shares of Delek US by 357.6% in the 4th quarter. XTX Topco Ltd now owns 138,495 shares of the oil and gas company’s stock valued at $4,108,000 after acquiring an additional 108,231 shares in the last quarter. Institutional investors and hedge funds 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.