Delek US Holdings, Inc. (DK) Insider Sells $39,656.52 in Stock
Delek US Holdings, Inc. (NYSE:DK) insider Anthony L. Miller sold 1,509 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $26.28, for a total value of $39,656.52. Following the completion of the sale, the insider now directly owns 11,370 shares of the company’s stock, valued at $298,803.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Delek US Holdings, Inc. (NYSE DK) traded down 3.58% during midday trading on Thursday, reaching $25.08. The company had a trading volume of 697,169 shares. The company’s 50-day moving average is $24.16 and its 200-day moving average is $24.71. Delek US Holdings, Inc. has a 1-year low of $14.76 and a 1-year high of $27.85. The stock’s market capitalization is $1.56 billion.
Delek US Holdings (NYSE:DK) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.37). The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $944.29 million. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted ($0.08) EPS. On average, equities research analysts forecast that Delek US Holdings, Inc. will post $0.10 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Investors of record on Wednesday, August 23rd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date of this dividend was Monday, August 21st. Delek US Holdings’s dividend payout ratio (DPR) is presently -25.86%.
Several equities research analysts have recently issued reports on the company. ValuEngine raised Delek US Holdings from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Tudor Pickering reaffirmed a “hold” rating on shares of Delek US Holdings in a research report on Wednesday, July 12th. BidaskClub lowered Delek US Holdings from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Zacks Investment Research lowered Delek US Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a $28.00 target price on shares of Delek US Holdings in a research report on Tuesday, July 11th. Thirteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Delek US Holdings presently has an average rating of “Hold” and a consensus target price of $26.38.
Institutional investors have recently bought and sold shares of the stock. Strs Ohio purchased a new stake in Delek US Holdings during the first quarter valued at $737,000. Teachers Retirement System of The State of Kentucky purchased a new stake in Delek US Holdings during the first quarter valued at $11,164,000. Canada Pension Plan Investment Board increased its position in Delek US Holdings by 51.5% during the second quarter. Canada Pension Plan Investment Board now owns 242,900 shares of the oil and gas company’s stock valued at $6,422,000 after acquiring an additional 82,600 shares during the last quarter. Clinton Group Inc. purchased a new stake in Delek US Holdings during the first quarter valued at $230,000. Finally, Bank of Montreal Can increased its position in Delek US Holdings by 42.2% during the first quarter. Bank of Montreal Can now owns 31,228 shares of the oil and gas company’s stock valued at $758,000 after acquiring an additional 9,266 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.
Delek US Holdings Company Profile
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
Receive News & Ratings for Delek US Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.