Insider Selling: Delek US (NYSE:DK) EVP Sells $1,116,720.00 in Stock

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) EVP Reuven Spiegel sold 27,000 shares of the business's stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $41.36, for a total transaction of $1,116,720.00. Following the transaction, the executive vice president owned 23,020 shares of the company's stock, valued at approximately $952,107.20. This represents a 53.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Delek US Trading Down 3.8%

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Shares of NYSE DK traded down $1.54 during midday trading on Thursday, reaching $39.31. 1,704,799 shares of the stock were exchanged, compared to its average volume of 1,575,489. Delek US Holdings, Inc. has a 12 month low of $11.02 and a 12 month high of $43.50. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of -4.82 and a beta of 0.99. 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 business has a 50-day simple moving average of $34.45 and a two-hundred day simple moving average of $25.92.

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

Delek US Announces Dividend

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The firm also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 10th will be given a dividend of $0.255 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.6%. Delek US's dividend payout ratio (DPR) is currently -12.50%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on DK. JPMorgan Chase & Co. boosted their price objective on Delek US from $19.00 to $35.00 and gave the company a "neutral" rating in a research report on Wednesday, October 15th. Bank of America upped their price target on shares of Delek US from $14.00 to $24.00 and gave the company an "underperform" rating in a report on Wednesday, September 3rd. Morgan Stanley set a $34.00 price objective on shares of Delek US and gave the stock an "equal weight" rating in a report on Friday, October 3rd. The Goldman Sachs Group boosted their price objective on shares of Delek US from $28.00 to $39.00 and gave the company a "neutral" rating in a research report on Wednesday, October 22nd. Finally, Raymond James Financial increased their target price on Delek US from $33.00 to $37.00 and gave the stock an "outperform" rating in a report on Friday, October 17th. Four research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Delek US presently has an average rating of "Hold" and a consensus price target of $36.62.

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Get Our Latest Stock Analysis on Delek US

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DK. CWM LLC boosted its holdings in shares of Delek US by 100.9% in the 1st quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock valued at $35,000 after buying an additional 1,164 shares during the last quarter. AlphaQuest LLC raised its position in Delek US by 7,331.8% during the second quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 1,613 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Delek US in the third quarter valued at $59,000. State of Wyoming acquired a new stake in Delek US in the first quarter valued at $95,000. Finally, Eisler Capital Management Ltd. bought a new position in shares of Delek US in the 1st quarter valued at about $172,000. Institutional investors and hedge funds own 97.01% of the company's stock.

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.

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