Delek US Holdings, Inc. (NYSE:DK) insider Daniel L. Gordon sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $37.57, for a total transaction of $93,925.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Delek US Holdings, Inc. (NYSE:DK) traded down $0.13 on Thursday, hitting $36.72. 157,790 shares of the stock were exchanged, compared to its average volume of 1,255,380. Delek US Holdings, Inc. has a fifty-two week low of $20.65 and a fifty-two week high of $39.43. The firm has a market cap of $3,069.76, a price-to-earnings ratio of 34.19, a price-to-earnings-growth ratio of 1.55 and a beta of 1.63. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.98 and a quick ratio of 0.68.
Delek US (NYSE:DK) last announced its quarterly earnings data on Monday, February 26th. The oil and gas company reported $0.50 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.10. Delek US had a net margin of 3.99% and a return on equity of 5.99%. The business had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the business earned ($0.44) EPS. The company’s revenue was up 129.0% on a year-over-year basis. equities research analysts expect that Delek US Holdings, Inc. will post 2.36 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 26th. Stockholders of record on Monday, March 12th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.18%. This is a positive change from Delek US’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, March 9th. Delek US’s dividend payout ratio (DPR) is presently 23.39%.
Several institutional investors and hedge funds have recently made changes to their positions in DK. Nationwide Fund Advisors raised its holdings in shares of Delek US by 6.8% in the 3rd quarter. Nationwide Fund Advisors now owns 195,162 shares of the oil and gas company’s stock valued at $5,217,000 after purchasing an additional 12,433 shares in the last quarter. Aperio Group LLC acquired a new stake in shares of Delek US in the 3rd quarter valued at $236,000. Public Employees Retirement Association of Colorado raised its holdings in shares of Delek US by 56.8% in the 3rd quarter. Public Employees Retirement Association of Colorado now owns 18,630 shares of the oil and gas company’s stock valued at $498,000 after purchasing an additional 6,745 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Delek US by 19.9% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 35,154 shares of the oil and gas company’s stock valued at $940,000 after purchasing an additional 5,825 shares in the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Delek US by 123.9% in the 3rd quarter. Prudential Financial Inc. now owns 57,601 shares of the oil and gas company’s stock valued at $1,540,000 after purchasing an additional 31,877 shares in the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.
Several brokerages have commented on DK. Zacks Investment Research raised shares of Delek US from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Wednesday, January 17th. Citigroup raised their price target on shares of Delek US from $35.00 to $41.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $43.00 price target (up previously from $41.00) on shares of Delek US in a research report on Tuesday. Morgan Stanley raised shares of Delek US from an “equal weight” rating to an “overweight” rating and set a $44.00 price target for the company in a research report on Thursday, January 11th. Finally, Scotiabank reissued a “buy” rating and issued a $43.00 price target on shares of Delek US in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $37.43.
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Delek US Company Profile
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
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