Robert Wright Sells 10,720 Shares of Delek US (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Robert Wright sold 10,720 shares of Delek US stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $47.07, for a total value of $504,590.40. Following the sale, the executive vice president directly owned 48,148 shares of the company’s stock, valued at $2,266,326.36. This trade represents a 18.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Delek US Stock Up 2.5%

Shares of NYSE DK opened at $44.79 on Friday. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of -49.22, a price-to-earnings-growth ratio of 0.38 and a beta of 0.63. The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49. The business has a 50-day moving average of $43.21 and a two-hundred day moving average of $37.39. Delek US Holdings, Inc. has a 1 year low of $17.56 and a 1 year high of $49.50.

Delek US (NYSE:DK) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.42) by $1.50. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.Delek US’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business earned ($2.32) EPS. On average, analysts forecast that Delek US Holdings, Inc. will post 4.54 earnings per share for the current fiscal year.

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 1st were given a dividend of $0.255 per share. The ex-dividend date was Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.3%. Delek US’s payout ratio is -112.09%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. UBS Group lifted their target price on Delek US from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, April 10th. Raymond James Financial lifted their target price on Delek US from $47.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 25th. The Goldman Sachs Group upgraded Delek US from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $43.00 to $55.00 in a research report on Friday, April 10th. Morgan Stanley set a $41.00 target price on Delek US in a research report on Monday, May 4th. Finally, Wall Street Zen cut Delek US from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.23.

Hedge Funds Weigh In On Delek US

Several institutional investors have recently added to or reduced their stakes in the stock. Thoroughbred Financial Services LLC increased its position in Delek US by 1.3% in the 4th quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock valued at $805,000 after acquiring an additional 348 shares during the period. New York State Common Retirement Fund increased its position in Delek US by 1.8% in the 4th quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock valued at $654,000 after acquiring an additional 400 shares during the period. Aster Capital Management DIFC Ltd increased its position in Delek US by 23.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock valued at $67,000 after acquiring an additional 425 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Delek US by 95.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 432 shares during the period. Finally, Orion Porfolio Solutions LLC increased 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 acquiring an additional 507 shares during the period. 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.