Insider Selling: Delek US (NYSE:DK) EVP Sells $495,464.04 in Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Denise Clark Mcwatters sold 11,988 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $41.33, for a total transaction of $495,464.04. Following the sale, the executive vice president owned 74,196 shares in the company, valued at approximately $3,066,520.68. The trade was a 13.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Delek US Stock Performance

Shares of NYSE DK opened at $44.46 on Friday. The stock has a market cap of $2.66 billion, a PE ratio of -127.01 and a beta of 0.75. Delek US Holdings, Inc. has a 1 year low of $11.02 and a 1 year high of $46.81. The firm has a fifty day moving average price of $34.61 and a 200-day moving average price of $34.36. The company has a debt-to-equity ratio of 5.89, a current ratio of 0.82 and a quick ratio of 0.53.

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

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were given a $0.255 dividend. This represents a $1.02 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Monday, March 2nd. Delek US’s payout ratio is presently -291.43%.

Hedge Funds Weigh In On Delek US

Several institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd grew its holdings in Delek US by 95.6% during 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. Brown Brothers Harriman & Co. purchased a new stake in shares of Delek US during the 3rd quarter worth approximately $27,000. EverSource Wealth Advisors LLC raised its holdings in shares of Delek US by 173.4% during the 4th 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. Torren Management LLC bought a new position in shares of Delek US during the 4th quarter valued at approximately $40,000. Finally, Focus Partners Wealth bought a new position in shares of Delek US during the 3rd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DK. Piper Sandler decreased their target price on Delek US from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. TD Cowen upped their price target on Delek US from $28.00 to $44.00 and gave the stock a “hold” rating in a research note on Thursday, March 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Delek US in a research report on Wednesday, January 21st. Citigroup lowered their target price on shares of Delek US from $37.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, January 26th. Finally, Mizuho upped their target price on shares of Delek US from $51.00 to $54.00 and gave the stock an “outperform” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $39.69.

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.