Delek US Holdings, Inc. (DK) Director Sells $2,781,881.47 in Stock

Delek US Holdings, Inc. (NYSE:DK) Director David Wiessman sold 84,121 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $33.07, for a total transaction of $2,781,881.47. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Delek US Holdings, Inc. (NYSE DK) traded down $0.72 during mid-day trading on Friday, hitting $32.50. 1,894,572 shares of the company traded hands, compared to its average volume of 1,062,052. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.06 and a current ratio of 1.49. Delek US Holdings, Inc. has a 52 week low of $20.65 and a 52 week high of $33.74. The company has a market cap of $2,710.00, a price-to-earnings ratio of 248.54, a P/E/G ratio of 5.05 and a beta of 1.92.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 22nd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Tuesday, November 21st. Delek US’s dividend payout ratio is currently 7.19%.

Several analysts have recently weighed in on DK shares. Scotiabank set a $26.00 price objective on shares of Delek US and gave the company a “hold” rating in a research report on Thursday, August 3rd. BidaskClub cut shares of Delek US from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. Cowen restated a “buy” rating and set a $30.00 price objective on shares of Delek US in a research report on Thursday, August 17th. Royal Bank Of Canada restated a “buy” rating and set a $32.00 price objective on shares of Delek US in a research report on Friday, September 8th. Finally, Zacks Investment Research upgraded shares of Delek US from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Monday, October 16th. Eight equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $30.83.

A number of institutional investors have recently made changes to their positions in DK. BlackRock Inc. grew its holdings in Delek US by 19,567.7% in the 1st quarter. BlackRock Inc. now owns 3,861,746 shares of the oil and gas company’s stock worth $93,726,000 after acquiring an additional 3,842,111 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Delek US by 318.1% in the 1st quarter. Public Employees Retirement System of Ohio now owns 22,265 shares of the oil and gas company’s stock worth $540,000 after acquiring an additional 16,940 shares during the last quarter. Bank of Montreal Can grew its holdings in Delek US by 48.8% in the 2nd quarter. Bank of Montreal Can now owns 46,452 shares of the oil and gas company’s stock worth $1,228,000 after acquiring an additional 15,224 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Delek US by 5.3% in the 2nd quarter. Russell Investments Group Ltd. now owns 784,750 shares of the oil and gas company’s stock worth $20,749,000 after acquiring an additional 39,295 shares during the last quarter. Finally, Nine Chapters Capital Management LLC bought a new stake in Delek US in the 2nd quarter worth $346,000. 93.27% of the stock is currently owned by institutional investors and hedge funds.

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About Delek US

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.

Insider Buying and Selling by Quarter for Delek US (NYSE:DK)

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