Insider Selling: Delek US (NYSE:DK) EVP Sells $549,075.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Reuven Spiegel sold 7,500 shares of Delek US stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $73.21, for a total value of $549,075.00. Following the completion of the transaction, the executive vice president owned 28,935 shares in the company, valued at $2,118,331.35. This represents a 20.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, August 18th, Reuven Spiegel sold 10,000 shares of Delek US stock. The stock was sold at an average price of $68.21, for a total value of $682,100.00.

Delek US Price Performance

Shares of DK stock opened at $72.21 on Friday. Delek US Holdings, Inc. has a 1-year low of $25.85 and a 1-year high of $77.40. The stock’s 50-day moving average is $63.46 and its 200 day moving average is $50.06. The company has a market cap of $4.42 billion, a P/E ratio of 20.28, a PEG ratio of 1.43 and a beta of 0.59. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47.

Delek US (NYSE:DK) last announced its earnings results 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 business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The firm’s revenue was up 47.9% on a year-over-year basis. During the same period in the previous year, the company posted ($0.56) earnings per share. Research analysts predict that Delek US Holdings, Inc. will post 11.05 earnings per share for the current fiscal year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, August 3rd. Delek US’s payout ratio is 28.65%.

Institutional Trading of Delek US

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd increased 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 purchasing an additional 432 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Delek US during the third quarter worth about $27,000. EverSource Wealth Advisors LLC boosted its position in Delek US by 173.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 614 shares during the last quarter. Allworth Financial LP acquired a new position in Delek US in the 2nd quarter worth approximately $30,000. Finally, Focus Partners Wealth acquired a new position in Delek US in the 3rd quarter worth approximately $44,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DK shares. Wells Fargo & Company raised their target price on shares of Delek US from $59.00 to $82.00 and gave the company an “overweight” rating in a research note on Tuesday. Citigroup reissued a “neutral” rating on shares of Delek US in a research report on Thursday, August 6th. Raymond James Financial boosted their target price on Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, July 13th. Morgan Stanley increased their price target on Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, June 12th. Finally, Mizuho raised their price target on Delek US from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, Delek US presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.09.

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.