Delek US Holdings, Inc. (NYSE:DK) CFO Sells $15,255.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) CFO Reuven Spiegel sold 750 shares of the firm’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $20.34, for a total value of $15,255.00. Following the completion of the transaction, the chief financial officer now owns 48,956 shares in the company, valued at approximately $995,765.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, July 8th, Reuven Spiegel sold 750 shares of Delek US stock. The stock was sold at an average price of $23.55, for a total transaction of $17,662.50.
• On Monday, June 10th, Reuven Spiegel sold 750 shares of Delek US stock. The shares were sold at an average price of $24.14, for a total transaction of $18,105.00.

Delek US Trading Down 0.8 %

Shares of DK stock opened at $21.22 on Thursday. Delek US Holdings, Inc. has a twelve month low of $19.33 and a twelve month high of $33.60. The stock’s fifty day simple moving average is $23.14 and its 200 day simple moving average is $26.50. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 2.40. The firm has a market capitalization of $1.36 billion, a P/E ratio of -17.11 and a beta of 1.19.

Delek US (NYSE:DK) last announced its quarterly earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) EPS for the quarter, beating analysts’ consensus estimates of ($1.42) by $0.50. Delek US had a positive return on equity of 7.37% and a negative net margin of 0.48%. The firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the firm posted $1.00 earnings per share. The business’s revenue for the quarter was down 18.4% on a year-over-year basis. As a group, sell-side analysts predict that Delek US Holdings, Inc. will post -2.83 EPS for the current fiscal year.

Delek US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 19th. Shareholders of record on Monday, August 12th will be issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 4.81%. This is a positive change from Delek US’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, August 12th. Delek US’s payout ratio is presently -82.26%.

Hedge Funds Weigh In On Delek US

Several large investors have recently modified their holdings of DK. Dimensional Fund Advisors LP boosted its holdings in Delek US by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,139,059 shares of the oil and gas company’s stock valued at $106,790,000 after acquiring an additional 59,537 shares during the last quarter. River Road Asset Management LLC lifted its position in shares of Delek US by 510.1% during the 4th quarter. River Road Asset Management LLC now owns 3,747,111 shares of the oil and gas company’s stock valued at $96,675,000 after acquiring an additional 3,132,971 shares during the period. SIR Capital Management L.P. lifted its position in shares of Delek US by 37.2% during the 2nd quarter. SIR Capital Management L.P. now owns 876,133 shares of the oil and gas company’s stock valued at $21,693,000 after acquiring an additional 237,734 shares during the period. Point72 Asset Management L.P. bought a new position in Delek US during the second quarter worth $19,806,000. Finally, Bridgeway Capital Management LLC grew its holdings in Delek US by 3.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 777,576 shares of the oil and gas company’s stock worth $20,061,000 after purchasing an additional 23,509 shares during the period. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

DK has been the topic of several analyst reports. Wolfe Research started coverage on shares of Delek US in a research report on Thursday, July 18th. They set an “underperform” rating and a $19.00 price target on the stock. Mizuho reduced their target price on Delek US from $31.00 to $27.00 and set an “underperform” rating on the stock in a report on Thursday, June 20th. Piper Sandler decreased their price target on Delek US from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, June 14th. Scotiabank dropped their price objective on Delek US from $27.00 to $25.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Finally, JPMorgan Chase & Co. decreased their target price on Delek US from $25.00 to $23.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 2nd. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.30.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.