Delek US Holdings, Inc. (NYSE:DK – Get Free Report) Director Richard Marcogliese sold 2,000 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $71.05, for a total transaction of $142,100.00. Following the completion of the transaction, the director directly owned 12,880 shares in the company, valued at $915,124. This represents a 13.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Delek US Stock Down 0.6%
DK stock opened at $70.43 on Friday. Delek US Holdings, Inc. has a one year low of $25.85 and a one year high of $72.00. The stock has a market capitalization of $4.31 billion, a PE ratio of 19.78, a price-to-earnings-growth 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 company has a fifty day moving average of $60.10 and a 200-day moving average of $48.55.
Delek US (NYSE:DK – Get Free Report) last issued its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share for the quarter, beating the consensus estimate of $2.67 by $2.81. The business had revenue of $4.09 billion for 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 business’s quarterly revenue was up 47.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.56) earnings per share. As a group, analysts expect that Delek US Holdings, Inc. will post 10.1 EPS for the current year.
Delek US Dividend Announcement
Analysts Set New Price Targets
A number of brokerages have recently issued reports on DK. JPMorgan Chase & Co. increased their target price on Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 14th. Wall Street Zen upgraded Delek US from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Raymond James Financial upped their price objective on Delek US from $60.00 to $70.00 and gave the stock an “outperform” rating in a report on Monday, July 13th. Zacks Research upgraded Delek US from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Finally, Morgan Stanley raised their target price on Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Delek US has an average rating of “Hold” and an average price target of $53.15.
View Our Latest Research Report on DK
Institutional Investors Weigh In On Delek US
Several institutional investors have recently modified their holdings of DK. Allworth Financial LP purchased a new position in Delek US in the 2nd quarter valued at approximately $30,000. Brown Brothers Harriman & Co. acquired a new position in Delek US during the third quarter worth $27,000. Caitong International Asset Management Co. Ltd boosted its position in Delek US by 95.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 432 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Delek US by 173.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 614 shares in the last quarter. Finally, Torren Management LLC acquired a new stake in Delek US in the fourth quarter valued at $40,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.
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.
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