Insider Selling: Delek US Holdings, Inc. (DK) COO Sells 10,000 Shares of Stock
Delek US Holdings, Inc. (NYSE:DK) COO Frederec Green sold 10,000 shares of the firm’s stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $28.00, for a total transaction of $280,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Delek US Holdings, Inc. (NYSE DK) traded up $1.91 during trading hours on Friday, reaching $27.96. 1,009,437 shares of the company’s stock were exchanged, compared to its average volume of 688,032.
Delek US Holdings (NYSE:DK) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.37). The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $944.29 million. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. Delek US Holdings’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.08) earnings per share. equities research analysts forecast that Delek US Holdings, Inc. will post 0.5 EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the business. Swiss National Bank bought a new position in shares of Delek US Holdings in the third quarter worth about $3,221,000. Principal Financial Group Inc. raised its stake in shares of Delek US Holdings by 71.6% in the third quarter. Principal Financial Group Inc. now owns 466,967 shares of the oil and gas company’s stock worth $12,482,000 after acquiring an additional 194,856 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Delek US Holdings by 123.9% in the third quarter. Prudential Financial Inc. now owns 57,601 shares of the oil and gas company’s stock worth $1,540,000 after acquiring an additional 31,877 shares during the last quarter. Tygh Capital Management Inc. raised its stake in shares of Delek US Holdings by 5.0% in the third quarter. Tygh Capital Management Inc. now owns 94,406 shares of the oil and gas company’s stock worth $2,523,000 after acquiring an additional 4,482 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Delek US Holdings in the third quarter worth about $3,826,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Several analysts have recently weighed in on DK shares. Scotiabank reiterated a “hold” rating and set a $26.00 target price on shares of Delek US Holdings in a research report on Friday, September 8th. Zacks Investment Research lowered shares of Delek US Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. BidaskClub lowered shares of Delek US Holdings from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 16th. Macquarie upgraded shares of Delek US Holdings from a “neutral” rating to an “outperform” rating in a research report on Monday, October 23rd. Finally, Cowen and Company reiterated a “buy” rating and set a $30.00 target price on shares of Delek US Holdings in a research report on Thursday, August 17th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Delek US Holdings has an average rating of “Hold” and an average target price of $29.10.
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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