Insider Selling: Delek US (NYSE:DK) Director Sells 3,061 Shares of Stock

Delek US Holdings, Inc. (NYSE:DK) Director Vicky Sutil sold 3,061 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $46.00, for a total transaction of $140,806.00. Following the completion of the sale, the director owned 31,239 shares in the company, valued at $1,436,994. This represents a 8.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Vicky Sutil also recently made the following trade(s):

• On Friday, May 29th, Vicky Sutil sold 1,848 shares of Delek US stock. The shares were sold at an average price of $45.00, for a total transaction of $83,160.00.
• On Thursday, May 28th, Vicky Sutil sold 1,849 shares of Delek US stock. The shares were sold at an average price of $44.03, for a total transaction of $81,411.47.

Delek US Price Performance

Shares of Delek US stock traded up $0.49 during trading on Tuesday, hitting $46.45. 972,717 shares of the company’s stock traded hands, compared to its average volume of 1,132,526. The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49. The firm’s fifty day moving average price is $43.59 and its 200 day moving average price is $37.77. Delek US Holdings, Inc. has a twelve month low of $18.12 and a twelve month high of $49.50. The company has a market cap of $2.85 billion, a PE ratio of -51.04, a PEG ratio of 0.31 and a beta of 0.60.

Delek US (NYSE:DK) last issued its earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($1.42) by $1.50. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the previous year, the business earned ($2.32) EPS. The firm’s revenue was up .4% on a year-over-year basis. Analysts forecast that Delek US Holdings, Inc. will post 4.96 earnings per share for the current year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 1st were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Friday, May 1st. Delek US’s payout ratio is -112.09%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Delek US by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock worth $187,773,000 after purchasing an additional 38,577 shares during the period. Ion Asset Management Ltd. lifted its position in shares of Delek US by 1.8% during the 2nd quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock valued at $79,296,000 after acquiring an additional 67,490 shares during the period. State Street Corp lifted its position in shares of Delek US by 3.4% during the 4th quarter. State Street Corp now owns 2,639,447 shares of the oil and gas company’s stock valued at $78,286,000 after acquiring an additional 87,846 shares during the period. Morgan Stanley lifted its position in shares of Delek US by 24.7% during the 4th quarter. Morgan Stanley now owns 2,033,037 shares of the oil and gas company’s stock valued at $60,300,000 after acquiring an additional 403,059 shares during the period. Finally, Barclays PLC lifted its position in shares of Delek US by 29.4% during the 3rd quarter. Barclays PLC now owns 1,873,578 shares of the oil and gas company’s stock valued at $60,460,000 after acquiring an additional 425,896 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

DK has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded shares of Delek US from a “neutral” rating to a “buy” rating and boosted their price target for the company from $43.00 to $55.00 in a research report on Friday, April 10th. Zacks Research lowered shares of Delek US from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 28th. Wells Fargo & Company upped their target price on shares of Delek US from $54.00 to $59.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 31st. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Citigroup increased their price target on Delek US from $33.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $44.69.

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.