Delek US Holdings, Inc. (NYSE:DK) Director William J. Finnerty sold 6,000 shares of the company’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $45.47, for a total transaction of $272,820.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of DK traded down $0.61 during trading hours on Thursday, reaching $46.01. The company had a trading volume of 93,835 shares, compared to its average volume of 1,405,122. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $3,882.94, a PE ratio of 37.00, a P/E/G ratio of 1.58 and a beta of 1.44. Delek US Holdings, Inc. has a 12-month low of $20.65 and a 12-month high of $47.18.
Delek US (NYSE:DK) last announced its quarterly earnings results on Monday, February 26th. The oil and gas company reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.10. The business had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.10 billion. Delek US had a net margin of 3.99% and a return on equity of 5.99%. The business’s revenue was up 129.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.44) EPS. research analysts anticipate that Delek US Holdings, Inc. will post 2.92 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 26th. Shareholders of record on Monday, March 12th were issued a dividend of $0.20 per share. This is an increase from Delek US’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a yield of 1.74%. The ex-dividend date was Friday, March 9th. Delek US’s dividend payout ratio (DPR) is 63.49%.
Large investors have recently bought and sold shares of the business. Meeder Asset Management Inc. increased its holdings in Delek US by 194.4% during the 4th quarter. Meeder Asset Management Inc. now owns 3,286 shares of the oil and gas company’s stock valued at $115,000 after acquiring an additional 2,170 shares in the last quarter. Great West Life Assurance Co. Can increased its holdings in Delek US by 51.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock valued at $188,000 after acquiring an additional 2,412 shares in the last quarter. Invictus RG purchased a new position in Delek US during the 4th quarter valued at about $269,000. Macquarie Group Ltd. purchased a new position in Delek US during the 3rd quarter valued at about $273,000. Finally, First Trust Advisors LP purchased a new position in Delek US during the 4th quarter valued at about $330,000. Hedge funds and other institutional investors own 91.08% of the company’s stock.
A number of brokerages recently weighed in on DK. Royal Bank of Canada reiterated a “buy” rating and set a $49.00 price target on shares of Delek US in a research note on Friday, April 13th. ValuEngine cut shares of Delek US from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research cut shares of Delek US from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. JPMorgan Chase increased their price target on shares of Delek US from $43.00 to $44.00 and gave the stock a “neutral” rating in a research note on Monday, April 9th. Finally, Morgan Stanley raised their target price on shares of Delek US from $44.00 to $53.00 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $41.40.
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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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