Shlomo Zohar Sells 7,343 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) Director Shlomo Zohar sold 7,343 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $46.00, for a total transaction of $337,778.00. Following the transaction, the director directly owned 6,646 shares of the company’s stock, valued at $305,716. This represents a 52.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shlomo Zohar also recently made the following trade(s):

• On Monday, March 9th, Shlomo Zohar sold 5,000 shares of Delek US stock. The shares were sold at an average price of $41.47, for a total transaction of $207,350.00.
• On Thursday, March 5th, Shlomo Zohar sold 22,029 shares of Delek US stock. The shares were sold at an average price of $44.83, for a total value of $987,560.07.
• On Wednesday, March 4th, Shlomo Zohar sold 7,343 shares of Delek US stock. The stock was sold at an average price of $43.00, for a total value of $315,749.00.

Delek US Stock Performance

Shares of DK stock opened at $45.89 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.53 and a debt-to-equity ratio of 5.89. The stock has a 50 day simple moving average of $35.46 and a 200-day simple moving average of $34.69. The company has a market cap of $2.74 billion, a price-to-earnings ratio of -131.10 and a beta of 0.75. Delek US Holdings, Inc. has a 12-month low of $11.02 and a 12-month high of $46.90.

Delek US (NYSE:DK) last posted its quarterly earnings results on Friday, February 27th. The oil and gas company reported $0.44 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $2.55 billion. During the same period in the previous year, the business earned ($2.54) earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS 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 given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Monday, March 2nd. Delek US’s payout ratio is presently -291.43%.

Analyst Upgrades and Downgrades

DK has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Delek US from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Scotiabank set a $34.00 price objective on shares of Delek US in a report on Friday, January 16th. Morgan Stanley lowered their target price on shares of Delek US from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 27th. Piper Sandler dropped their target price on shares of Delek US from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a research report on Thursday, January 15th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $39.69.

Institutional Investors Weigh In On Delek US

Several hedge funds have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd grew its position in shares of Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 432 shares during the period. Brown Brothers Harriman & Co. purchased a new position in Delek US during the third quarter worth about $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 worth $29,000 after buying an additional 614 shares during the period. Torren Management LLC acquired a new stake in Delek US in the 4th quarter worth about $40,000. Finally, Focus Partners Wealth acquired a new stake in Delek US in the 3rd quarter worth about $44,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.