Robert Wright Sells 2,303 Shares of Delek US (NYSE:DK) Stock

Robert Wright, EVP of Delek US Holdings, sold 2,303 shares at $40.43 each, totaling $93,110.29. Post-sale, Wright owns 38,966 shares, valued at $1,575,395.38, marking a 5.58% decrease in his position. The transaction was disclosed in an SEC filing. Delek US's stock traded down to $39.31, with a market cap of $2.36 billion. The company announced a quarterly dividend of $0.255 per share, with a yield of 2.6%.

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) EVP Robert Wright sold 2,303 shares of the business's stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $40.43, for a total value of $93,110.29. Following the completion of the sale, the executive vice president owned 38,966 shares of the company's stock, valued at approximately $1,575,395.38. This trade represents a 5.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Delek US Price Performance

DICKS’s Sporting Goods Stock Dropped After Earnings—Is It a Buy?

NYSE:DK traded down $1.54 during trading hours on Thursday, reaching $39.31. 1,704,799 shares of the company were exchanged, compared to its average volume of 1,575,489. The business has a 50 day moving average of $34.45 and a 200 day moving average of $25.92. Delek US Holdings, Inc. has a 1-year low of $11.02 and a 1-year high of $43.50. The company has a debt-to-equity ratio of 7.12, a current ratio of 0.86 and a quick ratio of 0.50. The company has a market capitalization of $2.36 billion, a P/E ratio of -4.82 and a beta of 0.99.

Delek US (NYSE:DK - Get Free Report) last released its earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 earnings per share for the quarter. Delek US had a negative return on equity of 56.40% and a negative net margin of 4.83%.The firm had revenue of $2.96 billion during the quarter. Research analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

3 Retail Stocks to Watch as Back-to-School Spending Ramps Up

The company also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 10th will be issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Monday, November 10th. Delek US's dividend payout ratio (DPR) is currently -12.50%.

Institutional Investors Weigh In On Delek US

Several hedge funds have recently modified their holdings of the company. Comerica Bank boosted its stake in shares of Delek US by 96.3% during the first quarter. Comerica Bank now owns 40,336 shares of the oil and gas company's stock valued at $608,000 after purchasing an additional 19,788 shares in the last quarter. T. Rowe Price Investment Management Inc. bought a new position in Delek US in the 1st quarter valued at approximately $13,728,000. Nisa Investment Advisors LLC raised its holdings in Delek US by 1,548.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 13,270 shares of the oil and gas company's stock valued at $200,000 after buying an additional 12,465 shares during the last quarter. Callodine Capital Management LP boosted its position in Delek US by 1,827.6% during the 1st quarter. Callodine Capital Management LP now owns 674,661 shares of the oil and gas company's stock worth $10,167,000 after buying an additional 639,661 shares during the period. Finally, Hsbc Holdings PLC grew its holdings in Delek US by 6.8% during the 1st quarter. Hsbc Holdings PLC now owns 174,973 shares of the oil and gas company's stock worth $2,677,000 after acquiring an additional 11,177 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analysts Forecast Growth

Don’t Take Dick’s Sporting Goods Seriously? Big Mistake

A number of brokerages have recently weighed in on DK. Wolfe Research raised shares of Delek US from a "peer perform" rating to an "outperform" rating and set a $40.00 price target for the company in a report on Wednesday, September 3rd. Wells Fargo & Company boosted their price objective on shares of Delek US from $43.00 to $53.00 and gave the company an "overweight" rating in a research report on Monday. Cowen upgraded Delek US from a "sell" rating to a "hold" rating in a research note on Friday, September 19th. Citigroup reaffirmed a "neutral" rating and issued a $30.00 target price (up previously from $15.00) on shares of Delek US in a report on Wednesday, July 16th. Finally, UBS Group lifted their price target on Delek US from $24.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, September 2nd. Four investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $36.62.

Get Our Latest Analysis on DK

Delek US Company Profile

(Get Free Report)

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.

Should You Invest $1,000 in Delek US Right Now?

Before you consider Delek US, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Delek US wasn't on the list.

While Delek US currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here