Delek US Holdings, Inc. (NYSE:DK) CFO Sells $24,825.00 in Stock

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) CFO Reuven Spiegel sold 750 shares of Delek US stock in a transaction on Monday, April 8th. The stock was sold at an average price of $33.10, for a total transaction of $24,825.00. Following the sale, the chief financial officer now directly owns 53,982 shares in the company, valued at approximately $1,786,804.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Friday, March 8th, Reuven Spiegel sold 750 shares of Delek US stock. The shares were sold at an average price of $26.01, for a total transaction of $19,507.50.
• On Thursday, February 8th, Reuven Spiegel sold 750 shares of Delek US stock. The shares were sold at an average price of $27.29, for a total transaction of $20,467.50.

Delek US Stock Performance

NYSE DK traded down $0.99 on Tuesday, hitting $31.38. The stock had a trading volume of 874,947 shares, compared to its average volume of 1,053,545. Delek US Holdings, Inc. has a one year low of $19.39 and a one year high of $33.60. The company has a quick ratio of 0.63, a current ratio of 0.99 and a debt-to-equity ratio of 2.66. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 142.64 and a beta of 1.32. The company's 50-day moving average is $28.41 and its two-hundred day moving average is $27.10.

Delek US (NYSE:DK - Get Free Report) last posted its earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) EPS for the quarter, missing the consensus estimate of ($1.28) by ($0.18). Delek US had a return on equity of 18.27% and a net margin of 0.12%. The firm had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter last year, the company posted $0.88 EPS. Delek US's revenue for the quarter was down 9.6% on a year-over-year basis. On average, analysts expect that Delek US Holdings, Inc. will post 1.27 earnings per share for the current year.

Delek US Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, March 1st were issued a $0.245 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This is a boost from Delek US's previous quarterly dividend of $0.24. This represents a $0.98 annualized dividend and a dividend yield of 3.12%. Delek US's dividend payout ratio (DPR) is 445.45%.

Analysts Set New Price Targets

DK has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Delek US from a "buy" rating to a "hold" rating in a research note on Thursday, February 29th. TD Cowen increased their price objective on shares of Delek US from $23.00 to $24.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 28th. Citigroup assumed coverage on shares of Delek US in a research note on Wednesday, January 24th. They set a "neutral" rating on the stock. Bank of America increased their price objective on shares of Delek US from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Friday, March 15th. Finally, UBS Group increased their price objective on shares of Delek US from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, April 4th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Delek US has an average rating of "Hold" and an average target price of $28.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. IFP Advisors Inc bought a new position in shares of Delek US in the third quarter valued at approximately $28,000. Spirit of America Management Corp NY bought a new stake in Delek US during the fourth quarter worth approximately $26,000. Comerica Bank bought a new stake in Delek US during the third quarter worth approximately $29,000. BluePath Capital Management LLC bought a new stake in Delek US during the third quarter worth approximately $30,000. Finally, Advisor Group Holdings Inc. boosted its holdings in Delek US by 44.3% during the first quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company's stock worth $33,000 after buying an additional 486 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

About Delek US

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.

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