William Finnerty Sells 5,000 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) Director William Finnerty sold 5,000 shares of Delek US stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $45.50, for a total transaction of $227,500.00. Following the completion of the transaction, the director owned 41,369 shares of the company’s stock, valued at $1,882,289.50. This represents a 10.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Delek US Trading Down 1.0%

Shares of DK stock opened at $44.17 on Friday. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of -126.19 and a beta of 0.75. The company’s fifty day simple moving average is $34.88 and its two-hundred day simple moving average is $34.50. Delek US Holdings, Inc. has a 1 year low of $11.02 and a 1 year high of $46.81. The company has a debt-to-equity ratio of 5.89, a current ratio of 0.82 and a quick ratio of 0.53.

Delek US (NYSE:DK) last posted its quarterly earnings results on Friday, February 27th. The oil and gas company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.63. Delek US had a negative return on equity of 13.55% and a negative net margin of 0.21%.The firm had revenue of $2.43 billion during the quarter, compared to analyst estimates of $2.55 billion. During the same period last year, the company earned ($2.54) earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 9th. Shareholders of record on Monday, March 2nd were paid a $0.255 dividend. The ex-dividend date was Monday, March 2nd. This represents a $1.02 annualized dividend and a yield of 2.3%. Delek US’s dividend payout ratio (DPR) is currently -291.43%.

Institutional Trading of Delek US

A number of large investors have recently modified their holdings of DK. Caitong International Asset Management Co. Ltd grew its holdings in shares of Delek US by 95.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 432 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Delek US in the third quarter valued at approximately $27,000. EverSource Wealth Advisors LLC lifted its position in Delek US by 173.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 614 shares during the last quarter. Torren Management LLC bought a new stake in Delek US during the fourth quarter valued at approximately $40,000. Finally, Focus Partners Wealth purchased a new position in Delek US in the 3rd quarter worth approximately $44,000. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DK. Mizuho upped their price target on Delek US from $51.00 to $54.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Morgan Stanley reduced their price objective on shares of Delek US from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 27th. Scotiabank set a $34.00 target price on shares of Delek US in a report on Friday, January 16th. Piper Sandler lowered their target price on shares of Delek US from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Finally, Citigroup cut their price target on shares of Delek US from $37.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, January 26th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.69.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.