Delek US Holdings, Inc. (NYSE:DK) CEO Acquires $115,393.42 in Stock

Delek US Holdings, Inc. (NYSE:DK) CEO Avigal Soreq bought 5,651 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average price of $20.42 per share, for a total transaction of $115,393.42. Following the completion of the acquisition, the chief executive officer now owns 188,881 shares in the company, valued at $3,856,950.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Delek US Trading Up 3.4 %

Shares of Delek US stock opened at $21.93 on Friday. Delek US Holdings, Inc. has a 1 year low of $19.33 and a 1 year high of $33.60. The firm has a market cap of $1.41 billion, a PE ratio of -17.68 and a beta of 1.19. The stock has a fifty day moving average price of $23.07 and a 200-day moving average price of $26.47. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.04 and a quick ratio of 0.64.

Delek US (NYSE:DK) last announced its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.42) by $0.50. Delek US had a positive return on equity of 7.37% and a negative net margin of 0.48%. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period last year, the firm posted $1.00 EPS. The business’s revenue was down 18.4% compared to the same quarter last year. Equities research analysts anticipate that Delek US Holdings, Inc. will post -2.83 EPS for the current year.

Delek US Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Monday, August 12th will be issued a $0.255 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $1.02 annualized dividend and a yield of 4.65%. This is a positive change from Delek US’s previous quarterly dividend of $0.20. Delek US’s dividend payout ratio (DPR) is -82.26%.

Institutional Investors Weigh In On Delek US

Several large investors have recently added to or reduced their stakes in DK. River Road Asset Management LLC increased its holdings in Delek US by 510.1% in the 4th quarter. River Road Asset Management LLC now owns 3,747,111 shares of the oil and gas company’s stock worth $96,675,000 after acquiring an additional 3,132,971 shares during the last quarter. Encompass Capital Advisors LLC purchased a new stake in Delek US in the 2nd quarter worth about $22,833,000. Point72 Asset Management L.P. purchased a new stake in Delek US in the 2nd quarter worth about $19,806,000. Norges Bank purchased a new stake in Delek US in the 4th quarter worth about $16,341,000. Finally, SIR Capital Management L.P. increased its holdings in Delek US by 37.2% in the 2nd quarter. SIR Capital Management L.P. now owns 876,133 shares of the oil and gas company’s stock worth $21,693,000 after acquiring an additional 237,734 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Delek US from $25.00 to $23.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 2nd. Scotiabank dropped their price objective on Delek US from $27.00 to $25.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Wolfe Research assumed coverage on Delek US in a research note on Thursday, July 18th. They set an “underperform” rating and a $19.00 price objective on the stock. Mizuho dropped their price objective on Delek US from $31.00 to $27.00 and set an “underperform” rating on the stock in a research note on Thursday, June 20th. Finally, TD Cowen dropped their price objective on Delek US from $19.00 to $18.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Delek US currently has an average rating of “Hold” and an average price target of $25.30.

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.