Vicky Sutil Sells 1,849 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) Director Vicky Sutil sold 1,849 shares of Delek US stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $44.03, for a total value of $81,411.47. Following the completion of the transaction, the director directly owned 36,148 shares in the company, valued at $1,591,596.44. This represents a 4.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Delek US Trading Up 3.3%

DK traded up $1.46 during trading on Monday, reaching $45.97. The company had a trading volume of 656,469 shares, compared to its average volume of 1,159,091. The firm’s 50-day simple moving average is $43.59 and its 200 day simple moving average is $37.77. The company has a market cap of $2.82 billion, a price-to-earnings ratio of -50.51, a PEG ratio of 0.30 and a beta of 0.60. Delek US Holdings, Inc. has a 12-month low of $18.12 and a 12-month high of $49.50. The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76.

Delek US (NYSE:DK) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($1.42) by $1.50. The firm had revenue of $2.65 billion for 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%.Delek US’s revenue was up .4% on a year-over-year basis. During the same quarter last year, the business posted ($2.32) EPS. Equities research analysts anticipate that Delek US Holdings, Inc. will post 4.96 earnings per share for the current year.

Delek US Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 1st were paid a $0.255 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a yield of 2.2%. Delek US’s dividend payout ratio (DPR) is currently -112.09%.

Analyst Ratings Changes

DK has been the topic of a number of analyst reports. Morgan Stanley set a $41.00 price target on Delek US in a research note on Monday, May 4th. TD Cowen dropped 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. Scotiabank raised Delek US to a “hold” rating in a research note on Friday, March 27th. Weiss Ratings lowered shares of Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Finally, Zacks Research lowered shares of Delek US from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Five investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $44.69.

Institutional Investors Weigh In On Delek US

Large investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new stake in shares of Delek US in the 3rd quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Delek US by 95.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 432 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Delek US by 173.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 614 shares in the last quarter. Torren Management LLC bought a new stake in shares of Delek US in the 4th quarter valued at approximately $40,000. Finally, Focus Partners Wealth bought a new stake in Delek US during the third quarter worth approximately $44,000. Institutional investors own 97.01% of the company’s stock.

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.