Insider Selling: Delek US (NYSE:DK) Director Sells 5,392 Shares of Stock

Key Points

• Director William Finnerty sold 5,392 shares on March 4 at an average price of $42.75 for ~$230,508, reducing his ownership by 10.42% to 46,369 shares (worth ~ $1.98M).
• Dividend announced: Delek US declared a quarterly dividend of $0.255 (ex-dividend Mar 2, payable Mar 9), equal to $1.02 annualized and a ~2.4% yield, despite a negative payout ratio of -291.43%.
• Recent results and outlook: The company reported Q4 EPS of $0.44 (beat vs. -$0.19 expected) but revenue of $2.43B missed estimates; the stock trades near $42.35 with a market cap of $2.54B and a consensus analyst rating of "Hold" (average target $39.46).

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) Director William Finnerty sold 5,392 shares of the business's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $42.75, for a total value of $230,508.00. Following the sale, the director owned 46,369 shares in the company, valued at approximately $1,982,274.75. The trade was a 10.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Delek US Price Performance

Shares of DK stock traded down $2.44 during mid-day trading on Friday, reaching $42.35. The stock had a trading volume of 1,747,393 shares, compared to its average volume of 1,588,294. The company has a market cap of $2.54 billion, a P/E ratio of -121.00 and a beta of 0.75. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 5.89. Delek US Holdings, Inc. has a 12-month low of $11.02 and a 12-month high of $45.74. The business has a 50-day simple moving average of $32.38 and a 200 day simple moving average of $33.31.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings data on Friday, February 27th. The oil and gas company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of ($0.19) by $0.63. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. The firm had revenue of $2.43 billion for the quarter, compared to analysts' expectations of $2.55 billion. During the same period in the prior year, the company earned ($2.54) EPS. The firm's revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, March 2nd will be paid a $0.255 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 2.4%. Delek US's dividend payout ratio is presently -291.43%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DK shares. Mizuho boosted their price target on Delek US from $45.00 to $51.00 and gave the stock an "outperform" rating in a report on Friday, December 12th. Citigroup dropped their price objective on Delek US from $37.00 to $33.00 and set a "neutral" rating for the company in a research report on Monday, January 26th. Wells Fargo & Company boosted their target price on shares of Delek US from $43.00 to $53.00 and gave the company an "overweight" rating in a research note on Monday, November 10th. Morgan Stanley decreased their price target on shares of Delek US from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 27th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Delek US from $42.00 to $38.00 and set a "neutral" rating for the company in a report on Thursday, January 15th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $39.46.

Institutional Trading of Delek US

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DK. Caitong International Asset Management Co. Ltd increased its stake in shares of Delek US by 350.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,037 shares of the oil and gas company's stock valued at $60,000 after acquiring an additional 1,585 shares during the last quarter. Invesco Ltd. grew its holdings in Delek US by 28.5% in the fourth quarter. Invesco Ltd. now owns 252,108 shares of the oil and gas company's stock valued at $7,478,000 after purchasing an additional 55,941 shares during the period. Mackenzie Financial Corp grew its holdings in Delek US by 631.7% in the fourth quarter. Mackenzie Financial Corp now owns 54,234 shares of the oil and gas company's stock valued at $1,619,000 after purchasing an additional 46,822 shares during the period. XTX Topco Ltd increased its position in Delek US by 357.6% during the fourth quarter. XTX Topco Ltd now owns 138,495 shares of the oil and gas company's stock worth $4,108,000 after purchasing an additional 108,231 shares during the last quarter. Finally, Voloridge Investment Management LLC raised its stake in Delek US by 23.0% during the fourth quarter. Voloridge Investment Management LLC now owns 888,745 shares of the oil and gas company's stock worth $26,360,000 after purchasing an additional 166,461 shares during the period. Hedge funds and other institutional investors own 97.01% of the company's stock.

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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