Laurie Tolson Sells 4,921 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) Director Laurie Tolson sold 4,921 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $46.30, for a total transaction of $227,842.30. Following the completion of the transaction, the director directly owned 18,226 shares in the company, valued at $843,863.80. This represents a 21.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Delek US Price Performance

NYSE:DK opened at $42.10 on Friday. The stock has a 50 day moving average of $43.41 and a two-hundred day moving average of $37.57. Delek US Holdings, Inc. has a 12 month low of $17.56 and a 12 month high of $49.50. The firm has a market cap of $2.58 billion, a P/E ratio of -46.27, a price-to-earnings-growth ratio of 0.33 and a beta of 0.63. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51.

Delek US (NYSE:DK) last released 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. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted ($2.32) earnings per share. On average, analysts expect that Delek US Holdings, Inc. will post 4.54 earnings per share for the current fiscal year.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Shareholders of record on Friday, May 1st were issued a $0.255 dividend. The ex-dividend date was Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a yield of 2.4%. Delek US’s dividend payout ratio (DPR) is presently -112.09%.

Institutional Investors Weigh In On Delek US

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DK. Royal Bank of Canada grew its holdings in shares of Delek US by 18.4% during the 1st quarter. Royal Bank of Canada now owns 278,774 shares of the oil and gas company’s stock worth $4,201,000 after purchasing an additional 43,379 shares during the period. AQR Capital Management LLC purchased a new stake in Delek US in the 1st quarter valued at about $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Delek US by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock valued at $560,000 after buying an additional 1,102 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Delek US by 3,979.8% during the first quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company’s stock worth $307,000 after buying an additional 19,899 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Delek US by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,871 shares of the oil and gas company’s stock worth $2,213,000 after buying an additional 9,827 shares during the period. Institutional investors and hedge funds own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DK. Raymond James Financial increased their target price on shares of Delek US from $47.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, March 25th. Weiss Ratings lowered shares of Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Scotiabank upgraded shares of Delek US to a “hold” rating in a report on Friday, March 27th. The Goldman Sachs Group raised shares of Delek US from a “neutral” rating to a “buy” rating and raised their target price for the stock from $43.00 to $55.00 in a research note on Friday, April 10th. Finally, Morgan Stanley set a $41.00 target price on Delek US in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Delek US presently has a consensus rating of “Hold” and a consensus target price of $44.23.

Delek US News Roundup

Here are the key news stories impacting Delek US this week:

• Positive Sentiment: DK was added to Zacks’ Rank #1 (Strong Buy) growth stocks list, which can support investor optimism about the stock’s outlook. Best Growth Stocks to Buy for May 22nd
• Positive Sentiment: The company recently beat earnings expectations, reporting $0.08 EPS versus estimates for a loss, while revenue also came in above forecasts, reinforcing the view that operations are improving.
• Positive Sentiment: Analyst sentiment remains constructive overall, with several firms maintaining buy/overweight views and a recent upgrade from Goldman Sachs to Buy helping offset bearish commentary.

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.