Delek US Holdings, Inc. (NYSE:DK – Get Free Report) EVP Reuven Spiegel sold 10,000 shares of Delek US stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $44.36, for a total value of $443,600.00. Following the sale, the executive vice president owned 48,372 shares in the company, valued at $2,145,781.92. This trade represents a 17.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Reuven Spiegel also recently made the following trade(s):
- On Wednesday, March 4th, Reuven Spiegel sold 20,000 shares of Delek US stock. The stock was sold at an average price of $42.84, for a total value of $856,800.00.
Delek US Stock Up 4.0%
DK opened at $43.79 on Friday. The business’s 50-day simple moving average is $43.45 and its 200-day simple moving average is $37.61. The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76. Delek US Holdings, Inc. has a one year low of $18.12 and a one year high of $49.50. The stock has a market capitalization of $2.68 billion, a P/E ratio of -48.12, a price-to-earnings-growth ratio of 0.32 and a beta of 0.63.
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%.
Institutional Investors Weigh In On Delek US
A number of institutional investors have recently added to or reduced their stakes in DK. Caitong International Asset Management Co. Ltd boosted its holdings 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 purchasing an additional 432 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Delek US in the 3rd quarter valued at approximately $27,000. EverSource Wealth Advisors LLC boosted its holdings in Delek US by 173.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 614 shares in the last quarter. Torren Management LLC purchased a new stake in Delek US in the 4th quarter valued at approximately $40,000. Finally, Focus Partners Wealth purchased a new stake in Delek US in the 3rd quarter valued at approximately $44,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.
Analyst Ratings Changes
A number of research firms have recently commented on DK. Mizuho lifted their target price on Delek US from $51.00 to $54.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 17th. Wall Street Zen upgraded Delek US from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 18th. Weiss Ratings cut Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Scotiabank upgraded Delek US to a “hold” rating in a research report on Friday, March 27th. Finally, TD Cowen dropped their price target on Delek US from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Delek US presently has an average rating of “Hold” and a consensus target price of $44.23.
View Our Latest Stock Report on Delek US
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.
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