Insider Selling: Delek US Holdings, Inc. (DK) Insider Sells 1,000 Shares of Stock
Delek US Holdings, Inc. (NYSE:DK) insider Daniel L. Gordon sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $26.16, for a total value of $26,160.00. Following the completion of the transaction, the insider now directly owns 18,572 shares of the company’s stock, valued at approximately $485,843.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Delek US Holdings, Inc. (DK) traded down 3.58% during mid-day trading on Thursday, hitting $25.08. 697,169 shares of the stock traded hands. The stock’s market cap is $1.56 billion. Delek US Holdings, Inc. has a 52 week low of $14.76 and a 52 week high of $27.85. The firm’s 50-day moving average is $24.16 and its 200-day moving average is $24.71.
Delek US Holdings (NYSE:DK) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.37). Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $944.29 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts forecast that Delek US Holdings, Inc. will post $0.10 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were given a $0.15 dividend. The ex-dividend date was Monday, August 21st. This represents a $0.60 annualized dividend and a yield of 2.39%. Delek US Holdings’s payout ratio is currently -25.86%.
A number of hedge funds have recently made changes to their positions in DK. Bank of Montreal Can lifted its position in Delek US Holdings by 42.2% in 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 purchasing an additional 9,266 shares during the last quarter. Nationwide Fund Advisors lifted its position in Delek US Holdings by 23.2% in the first quarter. Nationwide Fund Advisors now owns 185,565 shares of the oil and gas company’s stock valued at $4,504,000 after purchasing an additional 34,943 shares during the last quarter. Strs Ohio bought a new stake in Delek US Holdings in the first quarter valued at approximately $737,000. Canada Pension Plan Investment Board lifted its position in Delek US Holdings by 219.3% in the first quarter. Canada Pension Plan Investment Board now owns 160,300 shares of the oil and gas company’s stock valued at $3,890,000 after purchasing an additional 110,100 shares during the last quarter. Finally, US Bancorp DE lifted its position in Delek US Holdings by 10.4% in the first quarter. US Bancorp DE now owns 26,749 shares of the oil and gas company’s stock valued at $649,000 after purchasing an additional 2,510 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Several research analysts have recently issued reports on DK shares. BidaskClub downgraded Delek US Holdings from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Zacks Investment Research raised Delek US Holdings from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Friday, July 21st. Cowen and Company reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Delek US Holdings in a research note on Thursday, August 17th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Delek US Holdings in a research note on Friday, September 8th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $28.00 price objective on shares of Delek US Holdings in a research note on Wednesday, July 5th. Thirteen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Delek US Holdings has a consensus rating of “Hold” and an average target price of $26.38.
About Delek US Holdings
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.
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