Delek US Holdings, Inc. (NYSE:DK – Get Free Report) Director Vicky Sutil sold 6,397 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $71.50, for a total transaction of $457,385.50. Following the completion of the sale, the director owned 26,407 shares of the company’s stock, valued at approximately $1,888,100.50. This trade represents a 19.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Delek US Price Performance
Delek US stock opened at $74.72 on Friday. Delek US Holdings, Inc. has a 52 week low of $25.85 and a 52 week high of $77.80. The company’s 50 day moving average price is $65.26 and its two-hundred day moving average price is $51.30. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53. The stock has a market cap of $4.58 billion, a P/E ratio of 20.99, a P/E/G ratio of 1.49 and a beta of 0.59.
Delek US (NYSE:DK – Get Free Report) last released its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $2.81. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.44 billion. Delek US had a return on equity of 109.03% and a net margin of 1.86%.Delek US’s quarterly revenue was up 47.9% on a year-over-year basis. During the same period in the prior year, the company posted ($0.56) earnings per share. On average, equities analysts predict that Delek US Holdings, Inc. will post 11.05 earnings per share for the current year.
Delek US Dividend Announcement
Hedge Funds Weigh In On Delek US
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd raised its position in shares of 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. Brown Brothers Harriman & Co. purchased a new stake in shares of Delek US during 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 worth $29,000 after buying an additional 614 shares during the period. Allworth Financial LP bought a new position in Delek US in the 2nd quarter worth approximately $30,000. Finally, Focus Partners Wealth purchased a new position in Delek US in the 3rd quarter valued at approximately $44,000. Institutional investors own 97.01% of the company’s stock.
Analyst Ratings Changes
DK has been the topic of a number of recent analyst reports. Morgan Stanley lifted their target price on Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Friday, June 12th. JPMorgan Chase & Co. raised their price objective on shares of 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 shares of Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Raymond James Financial boosted their target price on shares of Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Finally, Zacks Research raised shares of Delek US from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $59.09.
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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