Delek US (NYSE:DK) Director Shlomo Zohar Sells 7,343 Shares

Delek US Holdings, Inc. (NYSE:DK) Director Shlomo Zohar sold 7,343 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $46.00, for a total value of $337,778.00. Following the sale, the director owned 6,646 shares of the company’s stock, valued at approximately $305,716. The trade was a 52.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, March 9th, Shlomo Zohar sold 5,000 shares of Delek US stock. The stock was sold at an average price of $41.47, for a total value of $207,350.00.
• On Thursday, March 5th, Shlomo Zohar sold 22,029 shares of Delek US stock. The stock was sold at an average price of $44.83, for a total value of $987,560.07.
• 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 transaction of $315,749.00.

Delek US Stock Down 4.4%

Shares of NYSE DK opened at $42.31 on Tuesday. Delek US Holdings, Inc. has a 1 year low of $11.02 and a 1 year high of $46.81. The firm’s 50-day moving average is $35.14 and its 200-day moving average is $34.59. The company has a current ratio of 0.82, a quick ratio of 0.53 and a debt-to-equity ratio of 5.89. The firm has a market capitalization of $2.53 billion, a PE ratio of -120.88 and a beta of 0.75.

Delek US (NYSE:DK) last posted 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 business had revenue of $2.43 billion during the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the firm posted ($2.54) earnings per share. Delek US’s revenue for the quarter was up 2.3% compared to the same quarter last year. Equities analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were paid a $0.255 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.4%. Delek US’s dividend payout ratio is -291.43%.

Analyst Ratings Changes

A number of brokerages recently commented on DK. Morgan Stanley decreased their price objective on Delek US from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 27th. 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. Scotiabank set a $34.00 target price on Delek US in a research report on Friday, January 16th. Piper Sandler lowered their price target on Delek US from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Finally, Mizuho increased their price target on shares of Delek US from $51.00 to $54.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Four research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $39.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Delek US by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock worth $187,773,000 after acquiring an additional 38,577 shares in the last quarter. Ion Asset Management Ltd. grew its position in shares of Delek US by 1.8% in the 2nd quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock valued at $79,296,000 after purchasing an additional 67,490 shares during the period. State Street Corp increased its stake in Delek US by 3.4% during the 4th quarter. State Street Corp now owns 2,639,447 shares of the oil and gas company’s stock worth $78,286,000 after purchasing an additional 87,846 shares in the last quarter. Morgan Stanley raised its holdings in Delek US by 24.7% during the 4th quarter. Morgan Stanley now owns 2,033,037 shares of the oil and gas company’s stock worth $60,300,000 after buying an additional 403,059 shares during the period. Finally, Barclays PLC lifted its stake in Delek US by 29.4% in the third quarter. Barclays PLC now owns 1,873,578 shares of the oil and gas company’s stock valued at $60,460,000 after buying an additional 425,896 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

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.