Avigal Soreq Acquires 870 Shares of Delek US Holdings, Inc. (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) CEO Avigal Soreq bought 870 shares of the stock in a transaction on Monday, December 16th. The shares were bought at an average cost of $17.23 per share, for a total transaction of $14,990.10. Following the purchase, the chief executive officer now owns 182,074 shares in the company, valued at $3,137,135.02. This trade represents a 0.48 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Delek US Price Performance

NYSE DK opened at $17.51 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. Delek US Holdings, Inc. has a 1 year low of $15.36 and a 1 year high of $33.60. The company has a market cap of $1.11 billion, a PE ratio of -3.60 and a beta of 1.22. The stock’s 50-day moving average price is $17.90 and its two-hundred day moving average price is $20.44.

Delek US (NYSE:DK) last released its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the previous year, the business earned $2.02 earnings per share. The firm’s revenue was down 34.3% compared to the same quarter last year. On average, analysts predict that Delek US Holdings, Inc. will post -4.4 EPS for the current year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.83%. Delek US’s payout ratio is currently -20.99%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP acquired a new stake in shares of Delek US during the second quarter worth approximately $43,000. Farther Finance Advisors LLC boosted its stake in shares of Delek US by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after buying an additional 1,508 shares during the period. Capstone Investment Advisors LLC acquired a new stake in shares of Delek US during the 3rd quarter valued at $193,000. Bailard Inc. acquired a new position in shares of Delek US in the second quarter worth $201,000. Finally, MQS Management LLC acquired a new position in shares of Delek US in the third quarter worth $201,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analyst Weigh In

DK has been the topic of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a research note on Monday, September 16th. Bank of America assumed coverage on Delek US in a research note on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price objective on the stock. Mizuho decreased their target price on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday. StockNews.com cut shares of Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Finally, Wells Fargo & Company reduced their price objective on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, December 9th. Six equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat.com, Delek US presently has a consensus rating of “Hold” and an average target price of $21.00.

About Delek US

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.