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

Delek US Holdings, Inc. (NYSE:DKGet Free Report) Director Gary Jr. Sullivan sold 27,688 shares of the stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $69.01, for a total value of $1,910,748.88. Following the completion of the sale, the director directly owned 32,004 shares in the company, valued at $2,208,596.04. This represents a 46.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Delek US Stock Performance

Shares of DK opened at $70.43 on Friday. Delek US Holdings, Inc. has a 1 year low of $25.85 and a 1 year high of $72.00. The stock has a market capitalization of $4.31 billion, a PE ratio of 19.78, a PEG ratio of 1.54 and a beta of 0.57. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76. The stock has a 50-day simple moving average of $60.10 and a 200-day simple moving average of $48.55.

Delek US (NYSE:DKGet Free Report) last released its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period in the prior year, the firm earned ($0.56) earnings per share. The business’s quarterly revenue was up 47.9% compared to the same quarter last year. On average, analysts predict that Delek US Holdings, Inc. will post 10.1 earnings per share for the current fiscal year.

Delek US Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DK shares. Morgan Stanley lifted their price objective on shares of Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Friday, June 12th. Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 9th. JPMorgan Chase & Co. lifted their price target on Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Weiss Ratings raised Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Finally, The Goldman Sachs Group upped their price objective on Delek US from $73.00 to $83.00 and gave the stock a “buy” rating in a research report on Tuesday, August 18th. One equities research 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $53.15.

Read Our Latest Stock Report on DK

Institutional Trading of Delek US

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Delek US by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock worth $187,773,000 after purchasing an additional 38,577 shares in the last quarter. Williamson Legacy Group LLC acquired a new stake in shares of Delek US in the 4th quarter valued at about $1,095,000. Y Intercept Hong Kong Ltd boosted its position in shares of Delek US by 281.5% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 45,471 shares of the oil and gas company’s stock valued at $2,049,000 after purchasing an additional 33,553 shares during the period. Bank of America Corp DE grew its stake in Delek US by 118.0% during the 1st quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company’s stock worth $38,138,000 after buying an additional 458,004 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new position in Delek US during the 4th quarter worth approximately $1,093,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

About Delek US

(Get Free Report)

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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Insider Buying and Selling by Quarter for Delek US (NYSE:DK)

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