Delek US (NYSE:DK) Director Sells $142,100.00 in Stock

Key Points

• Director Richard Marcogliese sold 2,000 Delek US shares at an average price of $71.05, totaling $142,100 and reducing his holdings by 13.44% to 12,880 shares.
• Delek US reported strong quarterly results, with EPS of $5.48 versus the $2.67 consensus estimate and revenue of $4.09 billion, up 47.9% year over year.
• The company pays a quarterly dividend of $0.255, or $1.02 annualized, while analyst sentiment remains mixed: the consensus rating is Hold with a $53.15 price target.

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) Director Richard Marcogliese sold 2,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $71.05, for a total value of $142,100.00. Following the completion of the sale, the director owned 12,880 shares of the company's stock, valued at $915,124. The trade was a 13.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Delek US Price Performance

Shares of DK stock traded down $0.28 during mid-day trading on Tuesday, hitting $67.80. The company had a trading volume of 1,011,357 shares, compared to its average volume of 1,475,923. The company has a market capitalization of $4.15 billion, a P/E ratio of 19.05, a P/E/G ratio of 1.48 and a beta of 0.57. The stock's 50 day moving average price is $58.95 and its 200-day moving average price is $48.05. Delek US Holdings, Inc. has a 52-week low of $25.33 and a 52-week high of $72.00. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47.

Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, beating analysts' consensus estimates of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same period in the prior year, the company earned ($0.56) earnings per share. The firm's revenue was up 47.9% on a year-over-year basis. Equities research analysts forecast that Delek US Holdings, Inc. will post 10.1 earnings per share for the current year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were issued a $0.255 dividend. The ex-dividend date was Monday, August 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.5%. Delek US's payout ratio is 28.65%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Citigroup reiterated a "neutral" rating on shares of Delek US in a report on Thursday, August 6th. Morgan Stanley boosted their price objective on shares of Delek US from $41.00 to $45.00 and gave the company an "equal weight" rating in a research report on Friday, June 12th. The Goldman Sachs Group boosted their price target on Delek US from $73.00 to $83.00 and gave the company a "buy" rating in a report on Tuesday, August 18th. TD Cowen upped their target price on Delek US from $58.00 to $76.00 and gave the stock a "buy" rating in a report on Tuesday, July 21st. Finally, Mizuho raised their price target on Delek US from $60.00 to $66.00 and gave the company an "outperform" rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $53.15.

Institutional Trading of Delek US

A number of institutional investors have recently modified their holdings of DK. Vanguard Group Inc. boosted its stake in 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 valued at $187,773,000 after acquiring an additional 38,577 shares in the last quarter. BlackRock Inc. acquired a new stake in Delek US during the 2nd quarter worth about $275,233,000. Ion Asset Management Ltd. grew its stake in Delek US by 1.8% during 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 last quarter. California State Teachers Retirement System increased its holdings in shares of Delek US by 4,681.3% in the second quarter. California State Teachers Retirement System now owns 3,411,231 shares of the oil and gas company's stock valued at $173,325,000 after purchasing an additional 3,339,885 shares during the period. Finally, State Street Corp lifted its holdings in shares of Delek US by 3.4% during the fourth 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 during the period. 97.01% of the stock is currently owned by institutional investors.

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.

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