Delek US (NYSE:DK) Director Vicky Sutil Sells 6,397 Shares

Delek US Holdings, Inc. (NYSE:DK) Director Vicky Sutil sold 6,397 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $71.50, for a total value of $457,385.50. Following the completion of the sale, the director owned 26,407 shares of the company’s stock, valued at approximately $1,888,100.50. This represents a 19.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Delek US Trading Down 0.7%

Shares of DK traded down $0.54 during midday trading on Wednesday, hitting $75.13. The stock had a trading volume of 1,911,380 shares, compared to its average volume of 1,651,494. The stock’s 50 day moving average is $64.81 and its 200 day moving average is $51.02. The firm has a market cap of $4.60 billion, a PE ratio of 21.10, a price-to-earnings-growth ratio of 1.50 and a beta of 0.59. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47. Delek US Holdings, Inc. has a 1 year low of $25.85 and a 1 year high of $77.40.

Delek US (NYSE:DK) last released its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. The firm had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The firm’s revenue for the quarter was up 47.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.56) EPS. As a group, analysts forecast that Delek US Holdings, Inc. will post 11.05 EPS for the current fiscal year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, August 3rd. Delek US’s payout ratio is 28.65%.

Institutional Investors Weigh In On Delek US

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Delek US during the second quarter worth about $275,233,000. Ion Asset Management Ltd. raised its position in shares of Delek US by 1.8% in the 2nd 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 during the last quarter. California State Teachers Retirement System boosted its stake in Delek US by 4,681.3% in the 2nd quarter. California State Teachers Retirement System now owns 3,411,231 shares of the oil and gas company’s stock worth $173,325,000 after purchasing an additional 3,339,885 shares in the last quarter. State Street Corp grew its position in Delek US by 3.4% during the 4th quarter. State Street Corp now owns 2,639,447 shares of the oil and gas company’s stock worth $78,286,000 after purchasing an additional 87,846 shares during the last quarter. Finally, Morgan Stanley grew its position in Delek US by 24.7% during the 4th 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 last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wells Fargo & Company upped their price objective on Delek US from $59.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, September 1st. The Goldman Sachs Group boosted their target price on shares of Delek US from $73.00 to $83.00 and gave the company a “buy” rating in a research note on Tuesday, August 18th. Morgan Stanley raised their price target on shares of Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, June 12th. Zacks Research upgraded shares of Delek US from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Finally, Citigroup restated a “neutral” rating on shares of Delek US in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $59.09.

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.