Robert Wright Sells 2,303 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Robert Wright sold 2,303 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $40.43, for a total value of $93,110.29. Following the completion of the transaction, the executive vice president owned 38,966 shares in the company, valued at $1,575,395.38. This represents a 5.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Delek US Stock Up 3.4%

Shares of DK opened at $40.72 on Friday. The company’s 50-day moving average price is $34.63 and its 200 day moving average price is $26.11. The firm has a market cap of $2.45 billion, a P/E ratio of -4.99 and a beta of 0.99. Delek US Holdings, Inc. has a 12-month low of $11.02 and a 12-month high of $43.50. The company has a current ratio of 0.86, a quick ratio of 0.50 and a debt-to-equity ratio of 7.12.

Delek US (NYSE:DK) last announced its earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 EPS for the quarter. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%.The company had revenue of $2.96 billion during the quarter. On average, sell-side analysts forecast that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 10th will be given a dividend of $0.255 per share. The ex-dividend date is Monday, November 10th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.5%. Delek US’s dividend payout ratio (DPR) is -12.50%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DK shares. Raymond James Financial upped their price objective on shares of Delek US from $33.00 to $37.00 and gave the stock an “outperform” rating in a research report on Friday, October 17th. UBS Group increased their price target on shares of Delek US from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, September 2nd. Wolfe Research upgraded shares of Delek US from a “peer perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Wednesday, September 3rd. Wells Fargo & Company lifted their price target on Delek US from $43.00 to $53.00 and gave the company an “overweight” rating in a report on Monday, November 10th. Finally, TD Cowen boosted their price objective on shares of Delek US from $28.00 to $36.00 and gave the stock a “hold” rating in a research note on Tuesday. Four analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $38.08.

Institutional Investors Weigh In On Delek US

Large investors have recently added to or reduced their stakes in the stock. AMG National Trust Bank grew its position in shares of Delek US by 0.4% during the second quarter. AMG National Trust Bank now owns 109,223 shares of the oil and gas company’s stock worth $2,313,000 after acquiring an additional 472 shares during the last quarter. Orion Porfolio Solutions LLC grew its position in Delek US by 2.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock valued at $492,000 after buying an additional 507 shares in the last quarter. Police & Firemen s Retirement System of New Jersey grew its position in Delek US by 5.3% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 13,546 shares of the oil and gas company’s stock valued at $287,000 after buying an additional 686 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in Delek US during the 3rd quarter valued at about $27,000. Finally, CANADA LIFE ASSURANCE Co raised its position in shares of Delek US by 8.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 11,782 shares of the oil and gas company’s stock worth $250,000 after buying an additional 955 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.