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

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

Delek US Stock Down 4.0 %

Delek US stock opened at $16.13 on Friday. The stock has a fifty day moving average of $17.79 and a 200 day moving average of $20.39. The stock has a market cap of $1.02 billion, a PE ratio of -3.32 and a beta of 1.22. Delek US Holdings, Inc. has a one year low of $15.36 and a one year high of $33.60. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04.

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

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were given a dividend of $0.255 per share. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a yield of 6.32%. Delek US’s dividend payout ratio (DPR) is presently -20.99%.

Institutional Trading of Delek US

Large investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in Delek US in the second quarter valued at approximately $43,000. Farther Finance Advisors LLC boosted its stake in shares of Delek US by 24.2% in the third quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after purchasing an additional 1,508 shares during the period. Capstone Investment Advisors LLC purchased a new stake in Delek US during the 3rd quarter worth approximately $193,000. Bailard Inc. purchased a new stake in shares of Delek US during the second quarter worth $201,000. Finally, MQS Management LLC purchased a new position in Delek US in the third quarter valued at $201,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DK shares. Bank of America assumed coverage on shares of Delek US in a report on Thursday, October 17th. They set an “underperform” rating and a $15.00 target price on the stock. Mizuho dropped their target price on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday. Wells Fargo & Company decreased their price target on Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a report on Monday, December 9th. StockNews.com downgraded shares of Delek US from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Six equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.