Delek US Holdings, Inc. (NYSE:DK – Get Free Report) EVP Reuven Spiegel sold 7,500 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $73.21, for a total transaction of $549,075.00. Following the completion of the sale, the executive vice president owned 28,935 shares in the company, valued at $2,118,331.35. The trade was a 20.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Reuven Spiegel also recently made the following trade(s):
- On Tuesday, August 18th, Reuven Spiegel sold 10,000 shares of Delek US stock. The shares were sold at an average price of $68.21, for a total transaction of $682,100.00.
Delek US Price Performance
NYSE:DK opened at $72.21 on Friday. The firm’s fifty day moving average is $63.46 and its two-hundred day moving average is $50.06. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 20.28, a PEG ratio of 1.44 and a beta of 0.59. The company has a debt-to-equity ratio of 7.53, a quick ratio of 0.47 and a current ratio of 0.76. Delek US Holdings, Inc. has a one year low of $25.85 and a one year high of $77.40.
Delek US Announces Dividend
The business 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. This represents a $1.02 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, August 3rd. Delek US’s dividend payout ratio is currently 28.65%.
Hedge Funds Weigh In On Delek US
Institutional investors and hedge funds have recently bought and sold shares of the company. Thoroughbred Financial Services LLC raised its position in shares of Delek US by 1.3% during the 4th quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock valued at $805,000 after buying an additional 348 shares during the period. New York State Common Retirement Fund grew its position in Delek US by 1.8% in the fourth quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock worth $654,000 after acquiring an additional 400 shares during the period. Aster Capital Management DIFC Ltd increased its stake in Delek US by 23.2% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock worth $67,000 after acquiring an additional 425 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position in Delek US by 95.6% in the fourth 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 during the period. Finally, Orion Porfolio Solutions LLC lifted its stake in shares of Delek US by 2.2% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock valued at $492,000 after purchasing an additional 507 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
DK has been the subject of several analyst reports. Weiss Ratings upgraded shares of Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 9th. Wells Fargo & Company lifted their price objective on shares of Delek US from $59.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday. Mizuho raised their target price on Delek US from $60.00 to $66.00 and gave the company an “outperform” rating in a research report on Tuesday, August 11th. Finally, Raymond James Financial lifted their price target on Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $59.09.
Check Out Our Latest 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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