Insider Selling: Delek US (NYSE:DK) Director Sells 5,000 Shares of Stock

Delek US Holdings, Inc. (NYSE:DK) Director Shlomo Zohar sold 5,000 shares of Delek US stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $41.47, for a total transaction of $207,350.00. Following the completion of the sale, the director owned 13,989 shares of the company’s stock, valued at $580,123.83. This trade represents a 26.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shlomo Zohar also recently made the following trade(s):

• On Thursday, March 5th, Shlomo Zohar sold 22,029 shares of Delek US stock. The stock was sold at an average price of $44.83, for a total transaction of $987,560.07.
• On Wednesday, March 4th, Shlomo Zohar sold 7,343 shares of Delek US stock. The shares were sold at an average price of $43.00, for a total transaction of $315,749.00.

Delek US Stock Up 3.2%

NYSE:DK traded up $1.29 during trading hours on Wednesday, reaching $41.93. The company’s stock had a trading volume of 1,173,254 shares, compared to its average volume of 1,636,608. The company has a debt-to-equity ratio of 5.89, a current ratio of 0.82 and a quick ratio of 0.53. The company has a market cap of $2.52 billion, a price-to-earnings ratio of -119.79, a price-to-earnings-growth ratio of 4.93 and a beta of 0.75. Delek US Holdings, Inc. has a one year low of $11.02 and a one year high of $45.74. The business’s 50-day moving average is $33.04 and its 200-day moving average is $33.73.

Delek US (NYSE:DK) last announced its quarterly earnings results on Friday, February 27th. The oil and gas company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.63. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Delek US had a negative return on equity of 13.55% and a negative net margin of 0.21%.The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($2.54) earnings per share. Equities research analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 2.4%. Delek US’s dividend payout ratio is presently -291.43%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DK. Weiss Ratings restated a “sell (d-)” rating on shares of Delek US in a research note on Wednesday, January 21st. Scotiabank set a $34.00 target price on shares of Delek US in a report on Friday, January 16th. JPMorgan Chase & Co. decreased their price target on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 15th. Wall Street Zen raised Delek US from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, TD Cowen boosted their price objective on Delek US from $28.00 to $44.00 and gave the stock a “hold” rating in a research report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $39.46.

Institutional Investors Weigh In On Delek US

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Delek US by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock worth $187,773,000 after acquiring an additional 38,577 shares during the period. Ion Asset Management Ltd. raised its stake in shares of Delek US by 1.8% in the second quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company’s stock valued at $79,296,000 after purchasing an additional 67,490 shares in the last quarter. State Street Corp raised its stake in shares of Delek US by 3.4% in the fourth quarter. State Street Corp now owns 2,639,447 shares of the oil and gas company’s stock valued at $78,286,000 after purchasing an additional 87,846 shares in the last quarter. Morgan Stanley lifted its position in Delek US by 24.7% in the fourth quarter. Morgan Stanley now owns 2,033,037 shares of the oil and gas company’s stock worth $60,300,000 after purchasing an additional 403,059 shares during the period. Finally, Barclays PLC boosted its stake in Delek US by 29.4% during the third quarter. Barclays PLC now owns 1,873,578 shares of the oil and gas company’s stock worth $60,460,000 after buying an additional 425,896 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

About Delek US

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.