Frederec Green Sells 25,000 Shares of Delek US Holdings, Inc. (DK) Stock

Delek US Holdings, Inc. (NYSE:DK) COO Frederec Green sold 25,000 shares of the stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $36.00, for a total value of $900,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Frederec Green also recently made the following trade(s):

  • On Thursday, December 21st, Frederec Green sold 10,000 shares of Delek US stock. The shares were sold at an average price of $34.00, for a total value of $340,000.00.
  • On Wednesday, November 22nd, Frederec Green sold 10,000 shares of Delek US stock. The shares were sold at an average price of $32.00, for a total value of $320,000.00.
  • On Thursday, November 2nd, Frederec Green sold 10,000 shares of Delek US stock. The shares were sold at an average price of $28.00, for a total value of $280,000.00.

Delek US Holdings, Inc. (DK) traded up $0.34 on Thursday, reaching $36.39. The company had a trading volume of 1,045,827 shares, compared to its average volume of 1,205,829. Delek US Holdings, Inc. has a 12-month low of $20.65 and a 12-month high of $36.55. The firm has a market cap of $2,940.00, a PE ratio of 4.36, a P/E/G ratio of 2.12 and a beta of 2.01.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 22nd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Tuesday, November 21st. Delek US’s dividend payout ratio (DPR) is presently 7.19%.

A number of research firms have commented on DK. Royal Bank of Canada reaffirmed a “buy” rating and set a $40.00 target price on shares of Delek US in a report on Wednesday, December 20th. Howard Weil raised Delek US from a “sector perform” rating to a “focus list” rating and increased their target price for the stock from $26.00 to $41.00 in a report on Thursday, December 21st. Bank of America downgraded Delek US from a “neutral” rating to an “underperform” rating and set a $34.00 target price on the stock. in a report on Friday, December 8th. Zacks Investment Research raised Delek US from a “hold” rating to a “strong-buy” rating and set a $38.00 target price on the stock in a report on Thursday, December 14th. Finally, TheStreet upgraded Delek US from a “c+” rating to a “b-” rating in a research report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Delek US currently has a consensus rating of “Buy” and an average price target of $32.77.

Hedge funds have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Delek US during the 3rd quarter valued at $114,000. Hanseatic Management Services Inc. boosted its stake in shares of Delek US by 18,606.3% during the 3rd quarter. Hanseatic Management Services Inc. now owns 5,986 shares of the oil and gas company’s stock worth $160,000 after acquiring an additional 5,954 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Delek US by 51.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock worth $188,000 after acquiring an additional 2,412 shares in the last quarter. Amalgamated Bank bought a new stake in shares of Delek US during the 2nd quarter worth $207,000. Finally, ETRADE Capital Management LLC bought a new stake in shares of Delek US during the 3rd quarter worth $215,000. Institutional investors own 93.19% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Frederec Green Sells 25,000 Shares of Delek US Holdings, Inc. (DK) Stock” was originally published by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.americanbankingnews.com/2018/01/04/frederec-green-sells-25000-shares-of-delek-us-holdings-inc-dk-stock.html.

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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