Insider Selling: Delek US (NYSE:DK) EVP Sells $549,075.00 in Stock

Key Points

• Delek US EVP Reuven Spiegel sold 7,500 shares at an average price of $73.21, totaling $549,075 and reducing his direct ownership by 20.58%. He had also sold 10,000 shares in August.
• Delek US reported quarterly EPS of $5.48, exceeding estimates of $2.67, while revenue rose 47.9% year over year to $4.09 billion.
• The stock traded near $71.95, close to its 52-week high, and the company maintains a quarterly dividend of $0.255 per share. Analysts hold a consensus “Moderate Buy” rating, though their average price target is $59.09.

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) EVP Reuven Spiegel sold 7,500 shares of Delek US stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $73.21, for a total value of $549,075.00. Following the completion of the transaction, the executive vice president directly owned 28,935 shares in the company, valued at $2,118,331.35. This represents a 20.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Reuven Spiegel also recently made the following trade(s):

• On Tuesday, August 18th, Reuven Spiegel sold 10,000 shares of Delek US stock. The shares were sold at an average price of $68.21, for a total transaction of $682,100.00.

Delek US Trading Up 0.7%

DK stock traded up $0.50 during midday trading on Thursday, reaching $71.95. 1,601,634 shares of the company's stock traded hands, compared to its average volume of 1,594,771. The company has a market capitalization of $4.41 billion, a P/E ratio of 20.21, a PEG ratio of 1.42 and a beta of 0.59. 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 Holdings, Inc. has a fifty-two week low of $25.85 and a fifty-two week high of $77.40. The business has a 50-day moving average price of $62.97 and a two-hundred day moving average price of $49.91.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $2.81. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The business's quarterly revenue was up 47.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.56) earnings per share. Equities research analysts forecast that Delek US Holdings, Inc. will post 11.05 EPS for the current fiscal year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were given a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.02 annualized dividend and a yield of 1.4%. Delek US's dividend payout ratio (DPR) is 28.65%.

Institutional Investors Weigh In On Delek US

Hedge funds have recently bought and sold shares of the business. Thoroughbred Financial Services LLC boosted its stake in shares of Delek US by 1.3% during 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 buying an additional 348 shares during the last quarter. New York State Common Retirement Fund boosted its stake in Delek US by 1.8% during the 4th quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company's stock valued at $654,000 after acquiring an additional 400 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its stake in Delek US by 23.2% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company's stock valued at $67,000 after acquiring an additional 425 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Delek US by 95.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company's stock worth $26,000 after purchasing an additional 432 shares during the last quarter. Finally, Orion Porfolio Solutions LLC raised its stake in shares of Delek US by 2.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company's stock valued at $492,000 after purchasing an additional 507 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Zacks Research upgraded Delek US from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 26th. JPMorgan Chase & Co. upped their price target on Delek US from $57.00 to $62.00 and gave the stock a "neutral" rating in a report on Tuesday, July 14th. TD Cowen increased their price objective on shares of Delek US from $58.00 to $76.00 and gave the company a "buy" rating in a research report on Tuesday, July 21st. Raymond James Financial lifted their price objective on shares of Delek US from $60.00 to $70.00 and gave the company an "outperform" rating in a research note on Monday, July 13th. Finally, Wells Fargo & Company boosted their target price on shares of Delek US from $59.00 to $82.00 and gave the stock an "overweight" rating in a research report on Tuesday. One research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $59.09.

Delek US Company Profile

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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