Insider Selling: Kent B. Thomas Sells 4,041 Shares of Delek US Holdings Stock (DK)
Delek US Holdings (NYSE:DK) EVP Kent B. Thomas sold 4,041 shares of Delek US Holdings stock on the open market in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $30.44, for a total transaction of $123,008.04. Following the completion of the transaction, the executive vice president now directly owns 59,601 shares in the company, valued at approximately $1,814,254. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Bank of America initiated coverage on shares of Delek US Holdings in a research note on Wednesday, May 28th. They set a “buy” rating and a $34.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Delek US Holdings from $35.00 to $40.00 in a research note on Friday, May 9th. Finally, analysts at Credit Suisse upgraded shares of Delek US Holdings from a “neutral” rating to an “outperform” rating in a research note on Friday, May 2nd. They now have a $40.00 price target on the stock, up previously from $36.00. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the stock. Delek US Holdings has a consensus rating of “Hold” and a consensus target price of $35.10.
Shares of Delek US Holdings (NYSE:DK) traded up 0.33% on Thursday, hitting $30.24. 702,259 shares of the company’s stock traded hands. Delek US Holdings has a 52-week low of $19.83 and a 52-week high of $35.11. The stock has a 50-day moving average of $31.13 and a 200-day moving average of $30.6. The company has a market cap of $1.825 billion and a price-to-earnings ratio of 24.50.
Delek US Holdings (NYSE:DK) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.41. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the company posted $1.28 earnings per share. Delek US Holdings’s revenue was down 17.4% compared to the same quarter last year. Analysts expect that Delek US Holdings will post $2.68 EPS for the current fiscal year.
The company also recently declared a special dividend, which is scheduled for Thursday, July 17th. Shareholders of record on Thursday, June 26th will be given a dividend of $0.10 per share. This represents a yield of 1.98%. The ex-dividend date of this dividend is Tuesday, June 24th.
Delek US Holdings, Inc (NYSE:DK) is an integrated energy business focused on petroleum refining, the wholesale distribution of refined products and convenience store retailing.
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