Delek US (NYSE:DK) EVP Reuven Spiegel Sells 10,000 Shares

Delek US Holdings, Inc. (NYSE:DK) EVP Reuven Spiegel sold 10,000 shares of Delek US stock in a transaction on Monday, May 18th. The stock was sold at an average price of $44.36, for a total transaction of $443,600.00. Following the sale, the executive vice president owned 48,372 shares in the company, valued at $2,145,781.92. This represents a 17.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Reuven Spiegel also recently made the following trade(s):

• On Wednesday, March 4th, Reuven Spiegel sold 20,000 shares of Delek US stock. The shares were sold at an average price of $42.84, for a total transaction of $856,800.00.

Delek US Trading Down 2.1%

NYSE DK opened at $44.60 on Thursday. The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76. The firm has a market cap of $2.73 billion, a PE ratio of -49.02, a P/E/G ratio of 0.34 and a beta of 0.63. Delek US Holdings, Inc. has a one year low of $17.56 and a one year high of $49.50. The firm’s fifty day moving average is $43.38 and its two-hundred day moving average is $37.54.

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

Delek US Announces Dividend

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

Institutional Trading of Delek US

A number of institutional investors have recently added to or reduced their stakes in DK. ION Fund Management Ltd purchased a new stake in Delek US during the fourth quarter worth about $52,427,000. Norges Bank purchased a new stake in shares of Delek US in the fourth quarter valued at about $48,374,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Delek US by 6,300.8% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock valued at $42,153,000 after purchasing an additional 1,285,861 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Delek US by 1,516.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 996,059 shares of the oil and gas company’s stock valued at $29,544,000 after purchasing an additional 934,448 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Delek US by 1,173.2% in the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company’s stock valued at $28,322,000 after purchasing an additional 879,900 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analyst Ratings Changes

DK has been the topic of a number of recent analyst reports. Mizuho boosted their price target on shares of Delek US from $51.00 to $54.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a research note on Monday. TD Cowen dropped their price target on shares of Delek US from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. The Goldman Sachs Group upgraded shares of Delek US from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $43.00 to $55.00 in a research note on Friday, April 10th. Finally, Raymond James Financial boosted their price target on shares of Delek US from $47.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Delek US has an average rating of “Hold” and an average 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.