Delek US (NYSE:DK) EVP Sells 5,392 Shares of Stock

Key Points

• Delek US EVP Amber Russell sold 5,392 shares at an average price of $75.50, generating $407,096 and reducing her ownership by 13.13% to 35,670 shares.
• Delek US shares traded at $78.04, near their 52-week high, while the company reported quarterly EPS of $5.48—well above the $2.67 analyst consensus—and revenue rose 47.9% year over year to $4.09 billion.
• Analyst sentiment remains favorable, with the stock carrying a “Moderate Buy” consensus and a $65.45 average price target; the company also maintains a quarterly dividend of $0.255 per share, yielding about 1.3%.

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) EVP Amber Russell sold 5,392 shares of Delek US stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $75.50, for a total transaction of $407,096.00. Following the completion of the transaction, the executive vice president owned 35,670 shares of the company's stock, valued at $2,693,085. This represents a 13.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Delek US Stock Performance

DK stock traded up $3.57 during midday trading on Tuesday, reaching $78.04. 1,755,162 shares of the company's stock traded hands, compared to its average volume of 1,819,420. The firm has a market capitalization of $4.78 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 0.49 and a beta of 0.59. The company has a 50-day moving average price of $66.67 and a two-hundred day moving average price of $52.20. Delek US Holdings, Inc. has a 52 week low of $25.85 and a 52 week high of $79.14. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76.

Delek US (NYSE:DK - Get Free Report) last posted its quarterly 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. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same period last year, the company earned ($0.56) earnings per share. The business's revenue for the quarter was up 47.9% on a year-over-year basis. As a group, equities analysts anticipate that Delek US Holdings, Inc. will post 11.93 EPS for the current year.

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, August 3rd. Delek US's payout ratio is presently 28.65%.

Institutional Investors Weigh In On Delek US

Several hedge funds have recently bought and sold shares of DK. Allworth Financial LP boosted its position in Delek US by 30.7% during the second quarter. Allworth Financial LP now owns 600 shares of the oil and gas company's stock valued at $30,000 after buying an additional 141 shares during the period. Thoroughbred Financial Services LLC lifted its stake in shares of Delek US by 1.3% in the 4th quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company's stock valued at $805,000 after acquiring an additional 348 shares during the last quarter. Aigen Investment Management LP lifted its stake in shares of Delek US by 3.2% in the 4th quarter. Aigen Investment Management LP now owns 17,821 shares of the oil and gas company's stock valued at $529,000 after acquiring an additional 560 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Delek US by 173.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company's stock valued at $29,000 after acquiring an additional 614 shares during the period. Finally, ProShare Advisors LLC grew its position in Delek US by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 10,916 shares of the oil and gas company's stock worth $324,000 after acquiring an additional 702 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DK has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of Delek US from $59.00 to $82.00 and gave the stock an "overweight" rating in a report on Tuesday, September 1st. Weiss Ratings raised shares of Delek US from a "sell (d+)" rating to a "hold (c+)" rating in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Delek US from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 9th. The Goldman Sachs Group raised their price target on shares of Delek US from $73.00 to $83.00 and gave the company a "buy" rating in a report on Tuesday, August 18th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Delek US from $57.00 to $62.00 and gave the company a "neutral" rating in a research report on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $65.45.

Delek US Company Profile

Delek US Holdings, Inc NYSE: DK is a downstream energy company engaged primarily in petroleum refining, wholesale fuel marketing and logistics. The company produces transportation fuels and other refined petroleum products, including gasoline, diesel, jet fuel and asphalt.

Delek US operates refineries in the southern United States, including facilities in Texas, Arkansas and Louisiana. Its refining operations are supported by crude oil gathering, transportation, storage and other logistics activities conducted through Delek Logistics Partners, a publicly traded master limited partnership that is managed and partially owned by Delek US.

Founded in 2001 and headquartered in Brentwood, Tennessee, Delek US serves regional markets across the central and southeastern United States.

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