Delek US (NYSE:DK) Director Laurie Tolson Sells 4,921 Shares of Stock

Delek US Holdings, Inc. (NYSE:DK) Director Laurie Tolson sold 4,921 shares of Delek US stock in a transaction on Monday, May 18th. The shares were sold at an average price of $46.30, for a total value of $227,842.30. Following the sale, the director directly owned 18,226 shares of the company’s stock, valued at approximately $843,863.80. The trade was a 21.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Delek US Price Performance

DK opened at $44.60 on Thursday. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of -49.02, a PEG ratio of 0.34 and a beta of 0.63. Delek US Holdings, Inc. has a 1 year low of $17.56 and a 1 year high of $49.50. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51. The stock has a fifty day moving average price of $43.38 and a 200 day moving average price of $37.54.

Delek US (NYSE:DK) last released its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.42) by $1.50. The firm had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The business’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm earned ($2.32) earnings per share. Analysts forecast that Delek US Holdings, Inc. will post 4.54 EPS for the current fiscal year.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 1st were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Delek US’s payout ratio is currently -112.09%.

Institutional Investors Weigh In On Delek US

Several large investors have recently modified their holdings of DK. Royal Bank of Canada grew its stake in shares of Delek US by 18.4% in the 1st quarter. Royal Bank of Canada now owns 278,774 shares of the oil and gas company’s stock valued at $4,201,000 after purchasing an additional 43,379 shares during the period. AQR Capital Management LLC bought a new stake in shares of Delek US in the 1st quarter valued at approximately $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Delek US by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock valued at $560,000 after purchasing an additional 1,102 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Delek US by 3,979.8% in the 1st quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company’s stock valued at $307,000 after purchasing an additional 19,899 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Delek US by 7.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,871 shares of the oil and gas company’s stock valued at $2,213,000 after purchasing an additional 9,827 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DK. Zacks Research raised Delek US from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. Citigroup boosted their price target on Delek US from $33.00 to $44.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. Scotiabank upgraded Delek US to a “hold” rating in a research note on Friday, March 27th. Morgan Stanley set a $41.00 price target on Delek US in a research note on Monday, May 4th. Finally, TD Cowen lowered their price target on Delek US from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $44.23.

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.