Delek US (NYSE:DK) EVP Amber Russell Sells 5,392 Shares of Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Amber Russell sold 5,392 shares of Delek US stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $75.50, for a total value of $407,096.00. Following the sale, the executive vice president directly owned 35,670 shares of the company’s stock, valued at approximately $2,693,085. The trade was a 13.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Delek US Stock Performance

DK opened at $78.04 on Wednesday. The business has a fifty day simple moving average of $66.67 and a 200 day simple moving average of $52.20. The company has a market capitalization of $4.78 billion, a PE ratio of 21.92, a price-to-earnings-growth ratio of 0.49 and a beta of 0.59. Delek US Holdings, Inc. has a 1 year low of $25.85 and a 1 year high of $79.14. 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 (NYSE:DK) last posted its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, topping the consensus estimate of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter last year, the business earned ($0.56) EPS. The company’s quarterly revenue was up 47.9% compared to the same quarter last year. Research analysts expect that Delek US Holdings, Inc. will post 11.93 EPS for the current year.

Delek US Announces Dividend

The firm also recently declared 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. This represents a $1.02 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Monday, August 3rd. Delek US’s dividend payout ratio (DPR) is currently 28.65%.

Analysts Set New Price Targets

DK has been the subject of a number of recent research reports. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 9th. Mizuho raised their target price on shares of Delek US from $60.00 to $66.00 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Citigroup reiterated a “neutral” rating on shares of Delek US in a research report on Thursday, August 6th. JPMorgan Chase & Co. increased their price target on Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Finally, Wells Fargo & Company increased their price objective on shares of Delek US from $59.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.45.

Institutional Investors Weigh In On Delek US

Large investors have recently modified their holdings of the business. Allworth Financial LP bought a new position in Delek US in the second quarter valued at about $30,000. EverSource Wealth Advisors LLC lifted its holdings 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 during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Delek US in the 2nd quarter valued at approximately $61,000. Rockefeller Capital Management L.P. boosted its stake in shares of Delek US by 1,327.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,955 shares of the oil and gas company’s stock valued at $58,000 after purchasing an additional 1,818 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its stake in shares of Delek US by 350.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,037 shares of the oil and gas company’s stock valued at $60,000 after purchasing an additional 1,585 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is a downstream energy company engaged primarily in petroleum refining, wholesale fuel marketing and logistics. The company produces transportation fuels and other refined petroleum products, including gasoline, diesel, jet fuel and asphalt.

Delek US operates refineries in the southern United States, including facilities in Texas, Arkansas and Louisiana. Its refining operations are supported by crude oil gathering, transportation, storage and other logistics activities conducted through Delek Logistics Partners, a publicly traded master limited partnership that is managed and partially owned by Delek US.

Founded in 2001 and headquartered in Brentwood, Tennessee, Delek US serves regional markets across the central and southeastern United States.