Delek US Holdings, Inc. (NYSE:DK - Get Free Report) EVP Reuven Spiegel sold 700 shares of Delek US stock in a transaction on Monday, July 7th. The stock was sold at an average price of $24.00, for a total transaction of $16,800.00. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Delek US Price Performance
Shares of DK stock traded up $2.34 during mid-day trading on Thursday, hitting $26.67. 4,043,858 shares of the stock traded hands, compared to its average volume of 1,402,386. Delek US Holdings, Inc. has a twelve month low of $11.03 and a twelve month high of $26.76. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -2.40 and a beta of 0.98. The company's 50-day simple moving average is $19.47 and its 200-day simple moving average is $17.37. The company has a debt-to-equity ratio of 7.05, a quick ratio of 0.53 and a current ratio of 0.85.
Delek US (NYSE:DK - Get Free Report) last issued its earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) EPS for the quarter, missing the consensus estimate of ($2.27) by ($0.05). Delek US had a negative return on equity of 63.88% and a negative net margin of 6.10%. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the business earned ($0.41) EPS. The business's quarterly revenue was down 18.1% on a year-over-year basis. As a group, equities research analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.
Delek US Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were paid a $0.255 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.82%. Delek US's payout ratio is presently -9.18%.
Institutional Trading of Delek US
Several institutional investors have recently bought and sold shares of DK. Sterling Capital Management LLC lifted its stake in Delek US by 728.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company's stock valued at $28,000 after buying an additional 1,311 shares during the period. CWM LLC lifted its position in shares of Delek US by 100.9% in the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock valued at $35,000 after buying an additional 1,164 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in shares of Delek US in the first quarter valued at approximately $47,000. GAMMA Investing LLC lifted its position in shares of Delek US by 907.0% in the first quarter. GAMMA Investing LLC now owns 4,159 shares of the oil and gas company's stock valued at $63,000 after buying an additional 3,746 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of Delek US in the first quarter valued at approximately $95,000. Institutional investors and hedge funds own 97.01% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. UBS Group reduced their price target on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company boosted their price target on shares of Delek US from $11.00 to $15.00 and gave the stock an "underweight" rating in a research note on Wednesday, June 11th. Raymond James Financial boosted their price target on shares of Delek US from $22.00 to $23.00 and gave the stock an "outperform" rating in a research note on Monday, June 30th. Scotiabank decreased their price objective on shares of Delek US from $24.00 to $14.00 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Finally, Morgan Stanley upped their price target on shares of Delek US from $14.00 to $15.00 and gave the company an "underweight" rating in a report on Monday, May 19th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $17.60.
Check Out Our Latest Stock Analysis on DK
About Delek US
(
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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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