Delek US (NYSE:DK) Director William Finnerty Sells 2,943 Shares

Delek US Holdings, Inc. (NYSE:DK) Director William Finnerty sold 2,943 shares of Delek US stock in a transaction on Friday, September 11th. The shares were sold at an average price of $77.17, for a total value of $227,111.31. Following the completion of the sale, the director directly owned 30,405 shares of the company’s stock, valued at $2,346,353.85. This trade represents a 8.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Delek US Trading Up 4.8%

Shares of DK traded up $3.57 during trading hours on Tuesday, hitting $78.04. 1,755,162 shares of the stock traded hands, compared to its average volume of 1,819,420. The business has a fifty day moving average of $66.67 and a 200-day moving average of $52.20. 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. Delek US Holdings, Inc. has a 1-year low of $25.85 and a 1-year high of $79.14. The company has a current ratio of 0.76, a quick ratio of 0.47 and a debt-to-equity ratio of 7.53.

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

Delek US Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were given a dividend of $0.255 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.02 annualized dividend and a dividend yield of 1.3%. Delek US’s payout ratio is currently 28.65%.

Institutional Trading of Delek US

Large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Delek US during the 2nd quarter worth approximately $275,233,000. Norges Bank acquired a new position in shares of Delek US in the fourth quarter valued at approximately $48,374,000. Arrowstreet Capital Limited Partnership increased its position in shares of Delek US by 26.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,596,093 shares of the oil and gas company’s stock worth $71,936,000 after acquiring an additional 335,892 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Delek US by 19.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,136,720 shares of the oil and gas company’s stock worth $51,232,000 after acquiring an additional 181,820 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in shares of Delek US by 118.0% during the first quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company’s stock worth $38,138,000 after acquiring an additional 458,004 shares during the period. 97.01% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on DK. Wells Fargo & Company increased their price objective on shares of Delek US from $59.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, September 1st. Citigroup reaffirmed a “neutral” rating on shares of Delek US 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 report on Sunday, August 9th. Morgan Stanley upped their price objective on Delek US from $45.00 to $81.00 and gave the company an “equal weight” rating in a report on Monday. Finally, JPMorgan Chase & Co. increased their target price on Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.