Delek US (NYSE:DK) Director Sells $457,385.50 in Stock

Key Points

• Director Vicky Sutil sold 6,397 Delek US shares for approximately $457,386 under a pre-arranged Rule 10b5-1 plan, reducing her direct holdings by 19.5% to 26,407 shares.
• Delek US reported strong quarterly results, with EPS of $5.48 versus the $2.67 consensus and revenue of $4.09 billion, up 47.9% year over year.
• The stock traded near its 52-week high at $75.13, while analysts maintained a “Moderate Buy” consensus; however, the average price target of $59.09 was below the market price.

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) Director Vicky Sutil sold 6,397 shares of the company's stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $71.50, for a total transaction of $457,385.50. Following the sale, the director directly owned 26,407 shares of the company's stock, valued at $1,888,100.50. The trade was a 19.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Stock Performance

DK traded down $0.54 during midday trading on Wednesday, reaching $75.13. The company had a trading volume of 1,911,380 shares, compared to its average volume of 1,651,494. The business has a 50-day moving average of $64.81 and a two-hundred day moving average of $51.02. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53. Delek US Holdings, Inc. has a 1 year low of $25.85 and a 1 year high of $77.40. The company has a market cap of $4.60 billion, a P/E ratio of 21.10, a P/E/G ratio of 1.50 and a beta of 0.59.

Delek US (NYSE:DK - Get Free Report) last released its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, topping analysts' consensus estimates of $2.67 by $2.81. The company had revenue of $4.09 billion for the quarter, compared to analysts' expectations of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The firm's revenue was up 47.9% compared to the same quarter last year. During the same quarter last year, the business earned ($0.56) EPS. As a group, equities research analysts predict that Delek US Holdings, Inc. will post 11.05 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, August 10th. Shareholders of record on Monday, August 3rd were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, August 3rd. Delek US's dividend payout ratio is presently 28.65%.

Institutional Investors Weigh In On Delek US

A number of hedge funds have recently bought and sold shares of DK. BlackRock Inc. bought a new stake in shares of Delek US in the 2nd quarter worth about $275,233,000. California State Teachers Retirement System raised its position in shares of Delek US by 4,681.3% during the 2nd 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 buying an additional 3,339,885 shares in the last quarter. ION Fund Management Ltd bought a new position in shares of Delek US in the 4th quarter valued at about $52,427,000. Norges Bank purchased a new position in Delek US in the fourth quarter worth about $48,374,000. Finally, Arrowstreet Capital Limited Partnership increased its stake in Delek US by 6,300.8% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company's stock worth $42,153,000 after acquiring an additional 1,285,861 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DK shares. Raymond James Financial upped their price objective on Delek US from $60.00 to $70.00 and gave the stock an "outperform" rating in a research note on Monday, July 13th. Wall Street Zen raised Delek US from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 9th. Mizuho upped their price target on Delek US from $60.00 to $66.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 11th. Weiss Ratings raised shares of Delek US from a "sell (d+)" rating to a "hold (c+)" rating in a report on Thursday, August 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Delek US from $59.00 to $82.00 and gave the company an "overweight" rating in a research report on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, Delek US currently has a consensus rating of "Moderate Buy" and a consensus target price of $59.09.

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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