Delek US Holdings Inc (NYSE:DK) CFO Assi Ginzburg sold 50,000 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $38.78, for a total value of $1,939,000.00. Following the sale, the chief financial officer now directly owns 43,525 shares in the company, valued at approximately $1,687,899.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
DK opened at $36.84 on Thursday. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 7.68 and a beta of 1.68. Delek US Holdings Inc has a 52 week low of $29.51 and a 52 week high of $44.08. The business’s 50 day moving average is $37.52 and its two-hundred day moving average is $36.79. The company has a quick ratio of 0.92, a current ratio of 1.35 and a debt-to-equity ratio of 1.06.
Delek US (NYSE:DK) last released its quarterly earnings results on Monday, November 4th. The oil and gas company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.68 by $0.10. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.40 billion. Delek US had a return on equity of 21.47% and a net margin of 4.24%. The firm’s revenue was down 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.02 earnings per share. Equities analysts expect that Delek US Holdings Inc will post 3.63 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Systematic Financial Management LP boosted its position in Delek US by 5.2% during the third quarter. Systematic Financial Management LP now owns 409,689 shares of the oil and gas company’s stock worth $14,872,000 after purchasing an additional 20,083 shares in the last quarter. Copeland Capital Management LLC boosted its position in Delek US by 42.4% during the third quarter. Copeland Capital Management LLC now owns 606,760 shares of the oil and gas company’s stock worth $22,025,000 after purchasing an additional 180,535 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Delek US during the third quarter worth $11,458,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Delek US by 12.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 46,112 shares of the oil and gas company’s stock worth $1,674,000 after acquiring an additional 5,201 shares during the last quarter. Finally, Boston Advisors LLC raised its holdings in shares of Delek US by 60.4% in the third quarter. Boston Advisors LLC now owns 108,939 shares of the oil and gas company’s stock worth $3,954,000 after acquiring an additional 41,029 shares during the last quarter.
Several equities research analysts have recently weighed in on the company. Cowen lowered Delek US from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. cut their target price on Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 10th. Wells Fargo & Co cut their price target on Delek US from $45.00 to $44.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 25th. Finally, ValuEngine raised Delek US from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Delek US has an average rating of “Hold” and a consensus target price of $43.49.
About Delek US
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.
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