Delek US Holdings, Inc. (NYSE:DK) EVP Reuven Spiegel Sells 700 Shares

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) EVP Reuven Spiegel sold 700 shares of the stock in a transaction on Monday, July 7th. The shares were sold at an average price of $24.00, for a total value of $16,800.00. Following the transaction, the executive vice president directly owned 52,929 shares of the company's stock, valued at approximately $1,270,296. This trade represents a 1.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Delek US Trading Up 1.2%

Delek US stock traded up $0.28 during trading hours on Wednesday, reaching $24.27. The stock had a trading volume of 1,537,017 shares, compared to its average volume of 1,391,818. The company has a fifty day simple moving average of $19.24 and a 200-day simple moving average of $17.32. Delek US Holdings, Inc. has a 52 week low of $11.03 and a 52 week high of $24.69. The stock has a market cap of $1.47 billion, a PE ratio of -2.18 and a beta of 0.98. The company has a debt-to-equity ratio of 7.05, a current ratio of 0.85 and a quick ratio of 0.53.

Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.27) by ($0.05). Delek US had a negative net margin of 6.10% and a negative return on equity of 63.88%. The company had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the prior year, the firm earned ($0.41) EPS. Delek US's quarterly revenue was down 18.1% compared to the same quarter last year. Analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.02 annualized dividend and a dividend yield of 4.20%. Delek US's payout ratio is -9.18%.

Wall Street Analyst Weigh In

DK has been the subject of a number of analyst reports. UBS Group cut their price target on Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Raymond James Financial raised their price target on Delek US from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Monday, June 30th. Mizuho raised Delek US from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $22.00 to $23.00 in a report on Tuesday, May 13th. Morgan Stanley raised their price target on Delek US from $14.00 to $15.00 and gave the stock an "underweight" rating in a report on Monday, May 19th. Finally, Scotiabank cut their price target on Delek US from $24.00 to $14.00 and set a "sector perform" rating for the company in a report on Friday, April 11th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Delek US currently has an average rating of "Hold" and a consensus price target of $17.60.

Institutional Trading of Delek US

Institutional investors and hedge funds have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. purchased a new position in Delek US during the first quarter valued at $13,728,000. Nuveen LLC purchased a new position in Delek US during the first quarter valued at $13,629,000. Millennium Management LLC grew its stake in Delek US by 1,199.2% during the fourth quarter. Millennium Management LLC now owns 870,257 shares of the oil and gas company's stock valued at $16,100,000 after acquiring an additional 803,274 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new position in Delek US during the fourth quarter valued at $13,680,000. Finally, Callodine Capital Management LP grew its stake in Delek US by 1,827.6% during the first quarter. Callodine Capital Management LP now owns 674,661 shares of the oil and gas company's stock valued at $10,167,000 after acquiring an additional 639,661 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

About Delek US

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.

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