William Finnerty Sells 1,457 Shares of Delek US (NYSE:DK) Stock

Key Points

• Director William Finnerty sold 1,457 Delek US shares for approximately $94,268, reducing his direct stake by 4.19% to 33,348 shares.
• Delek US reported strong quarterly results, with EPS of $5.48 versus $2.67 expected and revenue rising 47.9% year over year to $4.09 billion.
• The stock traded near $67.80, while analysts maintained a consensus “Hold” rating with a $53.15 price target; the company also pays a $1.02 annualized dividend yielding about 1.5%.

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) Director William Finnerty sold 1,457 shares of Delek US stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $64.70, for a total value of $94,267.90. Following the completion of the sale, the director directly owned 33,348 shares in the company, valued at $2,157,615.60. This represents a 4.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Delek US Trading Down 0.4%

Shares of DK traded down $0.28 on Tuesday, hitting $67.80. 1,011,357 shares of the stock traded hands, compared to its average volume of 1,475,923. The firm 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 company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53. The stock's 50 day moving average is $58.95 and its two-hundred day moving average is $48.05. Delek US Holdings, Inc. has a 1 year low of $25.33 and a 1 year high of $72.00.

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

Delek US Dividend Announcement

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

Institutional Investors Weigh In On Delek US

Several institutional investors and hedge funds have recently made changes to their positions in DK. Thoroughbred Financial Services LLC raised its holdings in shares of Delek US by 1.3% during the fourth quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company's stock valued at $805,000 after purchasing an additional 348 shares during the period. New York State Common Retirement Fund lifted its stake in Delek US by 1.8% in the fourth quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company's stock worth $654,000 after purchasing an additional 400 shares during the last quarter. Aster Capital Management DIFC Ltd increased its position in shares of Delek US by 23.2% in the fourth 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 period. Caitong International Asset Management Co. Ltd lifted its stake in Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company's stock worth $26,000 after acquiring an additional 432 shares during the period. Finally, Orion Porfolio Solutions LLC grew its stake in shares of Delek US by 2.2% in the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company's stock worth $492,000 after acquiring an additional 507 shares during the last quarter. Institutional investors own 97.01% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DK. 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. Wall Street Zen upgraded Delek US from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 9th. Citigroup reissued a "neutral" rating on shares of Delek US in a research note on Thursday, August 6th. JPMorgan Chase & Co. boosted their price objective on shares of Delek US from $57.00 to $62.00 and gave the company a "neutral" rating in a report on Tuesday, July 14th. Finally, Morgan Stanley increased their price objective on shares of Delek US from $41.00 to $45.00 and gave the stock an "equal weight" rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $53.15.

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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