Avigal Soreq Sells 80,000 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) CEO Avigal Soreq sold 80,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $66.51, for a total transaction of $5,320,800.00. Following the transaction, the chief executive officer owned 231,486 shares in the company, valued at approximately $15,396,133.86. The trade was a 25.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Stock Down 2.8%

Delek US stock opened at $66.31 on Thursday. The firm has a market capitalization of $4.06 billion, a price-to-earnings ratio of 18.63, a price-to-earnings-growth ratio of 1.48 and a beta of 0.57. The firm’s fifty day moving average price is $57.20 and its two-hundred day moving average price is $47.00. Delek US Holdings, Inc. has a 1-year low of $21.09 and a 1-year high of $68.93. 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 posted its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, topping the consensus estimate of $2.67 by $2.81. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the previous year, the firm posted ($0.56) earnings per share. The firm’s revenue for the quarter was up 47.9% on a year-over-year basis. On average, equities research analysts predict that Delek US Holdings, Inc. will post 10.1 earnings per share for the current fiscal year.

Delek US Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on DK. Mizuho increased their price objective on Delek US from $60.00 to $66.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 11th. Raymond James Financial lifted their target price on Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday, July 13th. TD Cowen upped their price target on Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Weiss Ratings raised Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group raised their price objective on Delek US from $73.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $53.15.

Hedge Funds Weigh In On Delek US

Several hedge funds have recently modified their holdings of DK. Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 valued at $26,000 after acquiring an additional 432 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Delek US during the third quarter worth $27,000. EverSource Wealth Advisors LLC lifted its holdings in Delek US by 173.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 614 shares during the period. Allworth Financial LP purchased a new position in Delek US in the second quarter worth $30,000. Finally, Torren Management LLC purchased a new position in Delek US in the fourth quarter worth $40,000. 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.