Delek US (NYSE:DK) Director Gary Jr. Sullivan Sells 27,688 Shares

Delek US Holdings, Inc. (NYSE:DK) Director Gary Jr. Sullivan sold 27,688 shares of the stock in a transaction on Monday, August 24th. The stock was sold at an average price of $69.01, for a total value of $1,910,748.88. Following the transaction, the director owned 32,004 shares of the company’s stock, valued at approximately $2,208,596.04. This represents a 46.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Delek US Stock Up 4.7%

Shares of NYSE:DK opened at $70.78 on Thursday. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.47 and a beta of 0.57. Delek US Holdings, Inc. has a 12-month low of $25.66 and a 12-month high of $72.00. The business has a 50-day moving average price of $59.52 and a 200 day moving average price of $48.31. The company has a current ratio of 0.76, a quick ratio of 0.47 and a debt-to-equity ratio of 7.53.

Delek US (NYSE:DK) last posted its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 EPS for the quarter, beating analysts’ consensus estimates of $2.67 by $2.81. The company had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. Delek US’s revenue for the quarter was up 47.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.56) earnings per share. Sell-side analysts expect that Delek US Holdings, Inc. will post 10.1 EPS for the current year.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, August 3rd. Delek US’s payout ratio is 28.65%.

Institutional Trading of Delek US

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in Delek US in the 2nd quarter valued at $275,233,000. California State Teachers Retirement System boosted its stake in shares of Delek US by 4,681.3% during the second quarter. California State Teachers Retirement System now owns 3,411,231 shares of the oil and gas company’s stock worth $173,325,000 after buying an additional 3,339,885 shares during the period. ION Fund Management Ltd purchased a new position in shares of Delek US during the fourth quarter worth about $52,427,000. Norges Bank purchased a new stake in Delek US during the 4th quarter valued at approximately $48,374,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Delek US by 6,300.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock valued at $42,153,000 after purchasing an additional 1,285,861 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DK. Morgan Stanley lifted their target price on shares of Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, June 12th. Citigroup restated a “neutral” rating on shares of Delek US in a research note on Thursday, August 6th. Mizuho lifted their price objective on Delek US from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Weiss Ratings raised Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen upgraded Delek US from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $53.15.

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.