Delek US Holdings, Inc. (NYSE:DK) CEO Purchases $14,990.10 in Stock

Delek US Holdings, Inc. (NYSE:DK) CEO Avigal Soreq purchased 870 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of $17.23 per share, for a total transaction of $14,990.10. Following the completion of the acquisition, the chief executive officer now directly owns 182,074 shares in the company, valued at $3,137,135.02. The trade was a 0.48 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Delek US Stock Up 2.9 %

Shares of NYSE DK traded up $0.48 during trading on Tuesday, hitting $17.00. The stock had a trading volume of 72,904 shares, compared to its average volume of 1,067,376. Delek US Holdings, Inc. has a 12 month low of $15.36 and a 12 month high of $33.60. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The company has a market capitalization of $1.07 billion, a PE ratio of -3.40 and a beta of 1.22. The firm has a fifty day moving average of $17.94 and a two-hundred day moving average of $20.50.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, beating the consensus estimate of ($1.71) by $0.26. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm’s revenue for the quarter was down 34.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.02 earnings per share. As a group, equities research analysts forecast that Delek US Holdings, Inc. will post -4.4 EPS for the current fiscal year.

Delek US Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 6.00%. The ex-dividend date was Tuesday, November 12th. Delek US’s dividend payout ratio (DPR) is presently -20.99%.

Institutional Investors Weigh In On Delek US

Institutional investors have recently added to or reduced their stakes in the business. Clifford Capital Partners LLC purchased a new stake in Delek US during the third quarter valued at about $7,504,000. Point72 Asset Management L.P. purchased a new stake in Delek US during the second quarter valued at about $19,806,000. Easterly Investment Partners LLC lifted its holdings in Delek US by 26.7% during the second quarter. Easterly Investment Partners LLC now owns 457,536 shares of the oil and gas company’s stock valued at $11,329,000 after purchasing an additional 96,531 shares during the last quarter. Burney Co. purchased a new stake in shares of Delek US in the second quarter worth about $1,111,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of Delek US by 1,753.2% in the third quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company’s stock worth $12,160,000 after buying an additional 613,514 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DK. Morgan Stanley decreased their price target on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, September 16th. Wells Fargo & Company cut their target price on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research report on Monday, December 9th. Piper Sandler cut their target price on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. JPMorgan Chase & Co. lifted their target price on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Mizuho cut their target price on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday. Six research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, Delek US presently has a consensus rating of “Hold” and an average target price of $21.00.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.