Insider Selling: Delek US (NYSE:DK) EVP Sells $682,100.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Reuven Spiegel sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $68.21, for a total transaction of $682,100.00. Following the transaction, the executive vice president owned 36,435 shares in the company, valued at approximately $2,485,231.35. This represents a 21.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Stock Performance

Shares of DK stock opened at $71.19 on Friday. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of 20.00, a PEG ratio of 1.55 and a beta of 0.57. Delek US Holdings, Inc. has a 52-week low of $21.09 and a 52-week high of $72.00. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53. The company’s 50 day moving average is $58.01 and its 200 day moving average is $47.41.

Delek US (NYSE:DK) last posted its 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 company 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%.Delek US’s revenue was up 47.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.56) earnings per share. On average, sell-side analysts anticipate that Delek US Holdings, Inc. will post 10.1 EPS for the current fiscal year.

Delek US Dividend Announcement

The business 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 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, August 3rd. Delek US’s payout ratio is presently 28.65%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DK shares. TD Cowen raised their price objective on Delek US from $58.00 to $76.00 and gave the company a “buy” rating in a research report on Tuesday, July 21st. Zacks Research raised shares of Delek US from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Morgan Stanley increased their price target on shares of Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a research report on Friday, June 12th. Citigroup restated a “neutral” rating on shares of Delek US in a report on Thursday, August 6th. Finally, The Goldman Sachs Group lifted their price objective on shares of Delek US from $73.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $53.15.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of Delek US by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock worth $187,773,000 after acquiring an additional 38,577 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Delek US in the 2nd quarter valued at approximately $275,233,000. Ion Asset Management Ltd. raised its position in shares of Delek US by 1.8% in 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 purchasing an additional 67,490 shares during the last quarter. State Street Corp raised its position in shares of Delek US by 3.4% in 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 purchasing an additional 87,846 shares during the last quarter. Finally, Morgan Stanley boosted its stake in Delek US by 24.7% in the 4th quarter. Morgan Stanley now owns 2,033,037 shares of the oil and gas company’s stock worth $60,300,000 after purchasing an additional 403,059 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

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.