Delek US Holdings, Inc. (NYSE:DK) Director Acquires $22,453.20 in Stock

Delek US Holdings, Inc. (NYSE:DK) Director Richard J. Marcogliese bought 1,540 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $14.58 per share, with a total value of $22,453.20. Following the completion of the transaction, the director now directly owns 44,933 shares in the company, valued at $655,123.14. This represents a 3.55 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Delek US Stock Performance

NYSE:DK traded up $0.54 during trading on Friday, reaching $15.16. The company’s stock had a trading volume of 133,858 shares, compared to its average volume of 1,131,170. The firm has a market cap of $947.95 million, a price-to-earnings ratio of -3.12 and a beta of 1.15. Delek US Holdings, Inc. has a 12 month low of $13.40 and a 12 month high of $33.60. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The firm has a 50 day moving average of $17.66 and a 200-day moving average of $18.14.

Delek US (NYSE:DK) last posted its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.53) by ($1.01). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter last year, the business posted ($1.46) EPS. The business’s quarterly revenue was down 39.8% on a year-over-year basis. Research analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 6.73%. The ex-dividend date was Monday, March 3rd. Delek US’s dividend payout ratio (DPR) is presently -11.54%.

Analyst Upgrades and Downgrades

DK has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of Delek US from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price target on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Mizuho lowered their price objective on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Piper Sandler cut their target price on Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Finally, Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Five equities research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, Delek US presently has a consensus rating of “Hold” and an average target price of $20.70.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DK. Rubric Capital Management LP bought a new position in Delek US in the 3rd quarter worth about $37,500,000. Philosophy Capital Management LLC bought a new stake in shares of Delek US during the 3rd quarter worth $21,471,000. Millennium Management LLC lifted its stake in Delek US by 1,199.2% during the fourth quarter. Millennium Management LLC now owns 870,257 shares of the oil and gas company’s stock worth $16,100,000 after purchasing an additional 803,274 shares during the last quarter. Deprince Race & Zollo Inc. purchased a new position in shares of Delek US in the 4th quarter worth about $13,680,000. Finally, FMR LLC raised its holdings in shares of Delek US by 47.3% during the 3rd quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock valued at $32,021,000 after buying an additional 548,777 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.