Robert G. Wright Buys 948 Shares of Delek US Holdings, Inc. (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) CFO Robert G. Wright bought 948 shares of Delek US stock in a transaction dated Wednesday, April 3rd. The stock was acquired at an average cost of $23.73 per share, for a total transaction of $22,496.04. Following the completion of the transaction, the chief financial officer now directly owns 18,526 shares in the company, valued at $439,621.98. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Delek US Stock Performance

Shares of NYSE DK traded up $0.04 during trading on Thursday, reaching $18.87. 1,000,061 shares of the company traded hands, compared to its average volume of 1,040,651. The firm has a 50 day simple moving average of $21.45 and a 200-day simple moving average of $25.46. The company has a quick ratio of 0.58, a current ratio of 0.98 and a debt-to-equity ratio of 2.50. The stock has a market capitalization of $1.21 billion, a PE ratio of -15.19 and a beta of 1.14. Delek US Holdings, Inc. has a 52-week low of $18.35 and a 52-week high of $33.60.

Delek US (NYSE:DK) last issued its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share for the quarter, topping the consensus estimate of ($1.42) by $0.50. Delek US had a negative net margin of 0.69% and a negative return on equity of 4.53%. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the prior year, the business earned $1.00 EPS. The business’s quarterly revenue was down 18.4% on a year-over-year basis. Equities research analysts anticipate that Delek US Holdings, Inc. will post -2.87 earnings per share for the current year.

Delek US Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were paid a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 5.41%. The ex-dividend date of this dividend was Monday, August 12th. This is a boost from Delek US’s previous quarterly dividend of $0.20. Delek US’s dividend payout ratio is -82.26%.

Institutional Investors Weigh In On Delek US

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DK. Charles Schwab Investment Management Inc. raised its stake in Delek US by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 620,957 shares of the oil and gas company’s stock worth $16,021,000 after acquiring an additional 13,238 shares during the period. Teacher Retirement System of Texas bought a new stake in Delek US during the 4th quarter worth approximately $395,000. Dimensional Fund Advisors LP raised its stake in Delek US by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,139,059 shares of the oil and gas company’s stock worth $106,790,000 after acquiring an additional 59,537 shares during the period. Janney Montgomery Scott LLC raised its stake in Delek US by 10.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 65,508 shares of the oil and gas company’s stock worth $1,690,000 after acquiring an additional 6,398 shares during the period. Finally, Norges Bank bought a new stake in Delek US during the 4th quarter worth approximately $16,341,000. Institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wolfe Research assumed coverage on shares of Delek US in a research report on Thursday, July 18th. They issued an “underperform” rating and a $19.00 target price on the stock. Mizuho cut their price objective on shares of Delek US from $31.00 to $27.00 and set an “underperform” rating on the stock in a research report on Thursday, June 20th. Scotiabank cut their price objective on shares of Delek US from $27.00 to $25.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. TD Cowen cut their price objective on shares of Delek US from $19.00 to $18.00 and set a “sell” rating on the stock in a research report on Thursday, August 8th. Finally, Piper Sandler cut their price objective on shares of Delek US from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday, June 14th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.70.

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.