Delek US Holdings, Inc. (NYSE:DK - Get Free Report) EVP Reuven Spiegel sold 700 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $24.00, for a total transaction of $16,800.00. Following the completion of the transaction, the executive vice president owned 52,929 shares of the company's stock, valued at $1,270,296. This trade represents a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Delek US Stock Down 0.5%
Shares of NYSE:DK traded down $0.14 during trading on Friday, reaching $26.53. 2,489,642 shares of the company traded hands, compared to its average volume of 1,409,331. The firm has a fifty day simple moving average of $19.99 and a 200 day simple moving average of $17.51. The firm has a market cap of $1.61 billion, a P/E ratio of -2.39 and a beta of 0.98. Delek US Holdings, Inc. has a 1-year low of $11.03 and a 1-year high of $27.08. The company has a quick ratio of 0.53, a current ratio of 0.85 and a debt-to-equity ratio of 7.05.
Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The oil and gas company reported ($2.32) earnings per share for the quarter, missing analysts' consensus estimates of ($2.27) by ($0.05). The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.56 billion. Delek US had a negative net margin of 6.10% and a negative return on equity of 63.88%. The firm's revenue for the quarter was down 18.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.41) EPS. Analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.
Delek US Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Monday, May 12th were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 3.84%. Delek US's dividend payout ratio is currently -9.18%.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of DK. T. Rowe Price Investment Management Inc. bought a new position in Delek US in the 1st quarter worth $13,728,000. Nuveen LLC bought a new position in Delek US in the 1st quarter worth $13,629,000. Millennium Management LLC raised its holdings in Delek US by 1,199.2% in the 4th quarter. Millennium Management LLC now owns 870,257 shares of the oil and gas company's stock worth $16,100,000 after acquiring an additional 803,274 shares during the period. Deprince Race & Zollo Inc. acquired a new stake in Delek US in the 4th quarter worth $13,680,000. Finally, Callodine Capital Management LP increased its holdings in shares of Delek US by 1,827.6% during the 1st quarter. Callodine Capital Management LP now owns 674,661 shares of the oil and gas company's stock worth $10,167,000 after purchasing an additional 639,661 shares during the period. Institutional investors own 97.01% of the company's stock.
Analysts Set New Price Targets
DK has been the subject of a number of research reports. Raymond James Financial raised their target price on shares of Delek US from $22.00 to $23.00 and gave the stock an "outperform" rating in a report on Monday, June 30th. Morgan Stanley raised their target price on shares of Delek US from $14.00 to $15.00 and gave the stock an "underweight" rating in a report on Monday, May 19th. Wells Fargo & Company raised their target price on shares of Delek US from $11.00 to $15.00 and gave the stock an "underweight" rating in a report on Wednesday, June 11th. Mizuho upgraded shares of Delek US from a "neutral" rating to an "outperform" rating and raised their target price for the stock from $22.00 to $23.00 in a report on Tuesday, May 13th. Finally, UBS Group reduced their target price on shares of Delek US from $21.00 to $13.25 and set a "neutral" rating for the company in a report on Wednesday, April 9th. Five investment 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 data from MarketBeat, Delek US has an average rating of "Hold" and an average target price of $18.10.
View Our Latest Stock Report on DK
Delek US Company Profile
(
Get Free Report)
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.
Read More
Before you consider Delek US, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Delek US wasn't on the list.
While Delek US currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Need to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.