Insider Selling: Delek US (NYSE:DK) EVP Sells $407,096.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Amber Russell sold 5,392 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $75.50, for a total transaction of $407,096.00. Following the transaction, the executive vice president directly owned 35,670 shares of the company’s stock, valued at $2,693,085. This represents a 13.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Delek US Stock Up 3.0%

Shares of DK stock opened at $81.50 on Friday. The firm has a market capitalization of $4.99 billion, a P/E ratio of 22.89, a PEG ratio of 0.39 and a beta of 0.59. Delek US Holdings, Inc. has a 1 year low of $25.85 and a 1 year high of $82.00. The firm’s fifty day moving average price is $67.65 and its two-hundred day moving average price is $52.81. 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 results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. The firm had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.44 billion. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The business’s revenue was up 47.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.56) earnings per share. On average, equities analysts predict that Delek US Holdings, Inc. will post 15.83 EPS for the current fiscal 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 $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, August 3rd. Delek US’s payout ratio is presently 28.65%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Zacks Research upgraded Delek US from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Citigroup restated a “neutral” rating on shares of Delek US in a research report on Thursday, August 6th. Morgan Stanley boosted their price target on Delek US from $45.00 to $81.00 and gave the company an “equal weight” rating in a research note on Monday. Finally, Weiss Ratings raised shares of Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. One investment 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. Based on data from MarketBeat, Delek US currently has a consensus rating of “Moderate Buy” and an average price target of $65.45.

Hedge Funds Weigh In On Delek US

Several hedge funds and other institutional investors have recently modified their holdings of DK. BlackRock Inc. bought a new stake in shares of Delek US during the 2nd quarter worth $275,233,000. Arrowstreet Capital Limited Partnership grew its position in Delek US by 26.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,596,093 shares of the oil and gas company’s stock valued at $71,936,000 after acquiring an additional 335,892 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Delek US by 19.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,136,720 shares of the oil and gas company’s stock valued at $51,232,000 after acquiring an additional 181,820 shares during the last quarter. Norges Bank acquired a new position in Delek US during the fourth quarter worth about $48,374,000. Finally, Bank of America Corp DE raised its stake in 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 in the last quarter. Institutional investors own 97.01% of the company’s stock.

About Delek US

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.