Delek US (NYSE:DK) CEO Avigal Soreq Sells 80,000 Shares of Stock

Delek US Holdings, Inc. (NYSE:DK) CEO Avigal Soreq sold 80,000 shares of the stock in a transaction on Monday, August 17th. The shares were sold at an average price of $66.51, for a total value of $5,320,800.00. Following the sale, the chief executive officer owned 231,486 shares in the company, valued at approximately $15,396,133.86. This trade represents a 25.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Stock Up 1.1%

Shares of NYSE:DK opened at $67.94 on Wednesday. The company has a market capitalization of $4.16 billion, a P/E ratio of 19.09, a P/E/G ratio of 1.42 and a beta of 0.57. The stock’s fifty day simple moving average is $56.84 and its 200-day simple moving average is $46.74. Delek US Holdings, Inc. has a 52-week low of $21.09 and a 52-week high of $68.93. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53.

Delek US (NYSE:DK) last released its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $2.81. The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The firm’s quarterly revenue was up 47.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.56) EPS. As a group, equities research analysts forecast that Delek US Holdings, Inc. will post 10.1 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were given a dividend of $0.255 per share. The ex-dividend date was Monday, August 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 1.5%. Delek US’s dividend payout ratio (DPR) is 28.65%.

Institutional Trading of Delek US

A number of institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd lifted its position in Delek US by 95.6% during the fourth 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. Brown Brothers Harriman & Co. purchased a new stake in Delek US during the third quarter worth approximately $27,000. EverSource Wealth Advisors LLC increased its position in shares of Delek US by 173.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock worth $29,000 after acquiring an additional 614 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of Delek US in the second quarter worth $30,000. Finally, Torren Management LLC purchased a new position in shares of Delek US in the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DK shares. Morgan Stanley increased their price target on Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, June 12th. Raymond James Financial increased their target price on Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Zacks Research upgraded Delek US from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. TD Cowen increased their price objective on shares of Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Finally, The Goldman Sachs Group raised their target price on shares of Delek US from $73.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $53.15.

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.