Insider Selling: Delek US (NYSE:DK) EVP Sells $549,075.00 in Stock

Delek US Holdings, Inc. (NYSE:DK) EVP Reuven Spiegel sold 7,500 shares of Delek US stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $73.21, for a total value of $549,075.00. Following the completion of the transaction, the executive vice president owned 28,935 shares of the company’s stock, valued at approximately $2,118,331.35. The trade was a 20.58% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Reuven Spiegel also recently made the following trade(s):

• On Tuesday, August 18th, Reuven Spiegel sold 10,000 shares of Delek US stock. The stock was sold at an average price of $68.21, for a total value of $682,100.00.

Delek US Stock Performance

DK stock traded up $0.50 during trading on Thursday, hitting $71.95. 1,601,634 shares of the company’s stock traded hands, compared to its average volume of 1,594,771. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 20.21, a price-to-earnings-growth ratio of 1.42 and a beta of 0.59. Delek US Holdings, Inc. has a 52 week low of $25.85 and a 52 week high of $77.40. The stock has a fifty day moving average price of $62.97 and a two-hundred day moving average price of $49.91. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53.

Delek US (NYSE:DK) last announced its quarterly earnings data on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $2.67 by $2.81. The business had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.44 billion. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The company’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 firm earned ($0.56) EPS. As a group, equities analysts anticipate that Delek US Holdings, Inc. will post 11.05 EPS for the current fiscal year.

Delek US Announces Dividend

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

Analyst Ratings Changes

DK has been the topic of a number of recent research reports. Wall Street Zen upgraded Delek US from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Zacks Research raised shares of Delek US from a “hold” rating to a “strong-buy” rating in a report on Friday, June 26th. Morgan Stanley lifted their price objective on shares of Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a research report on Friday, June 12th. Wells Fargo & Company upped their target price on shares of Delek US from $59.00 to $82.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, TD Cowen raised their price target on shares of Delek US from $58.00 to $76.00 and gave the company a “buy” rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $59.09.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DK. Royal Bank of Canada increased its stake in shares of Delek US by 18.4% during the first quarter. Royal Bank of Canada now owns 278,774 shares of the oil and gas company’s stock valued at $4,201,000 after acquiring an additional 43,379 shares during the period. AQR Capital Management LLC bought a new stake in shares of Delek US in the 1st quarter worth $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Delek US by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock valued at $560,000 after buying an additional 1,102 shares during the period. Jones Financial Companies Lllp boosted its stake in Delek US by 3,979.8% during the first quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company’s stock valued at $307,000 after buying an additional 19,899 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Delek US by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,871 shares of the oil and gas company’s stock worth $2,213,000 after acquiring an additional 9,827 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Delek US Company Profile

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.