Delek US Holdings, Inc. (NYSE:DK) Director Acquires $65,972.50 in Stock

Delek US Holdings, Inc. (NYSE:DKGet Free Report) Director Richard J. Marcogliese bought 2,750 shares of the stock in a transaction dated Wednesday, June 12th. The shares were acquired at an average price of $23.99 per share, for a total transaction of $65,972.50. Following the completion of the transaction, the director now owns 42,863 shares of the company’s stock, valued at approximately $1,028,283.37. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Delek US Stock Up 0.2 %

Shares of NYSE DK opened at $24.07 on Monday. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 2.40. The firm has a 50-day moving average price of $27.79 and a 200 day moving average price of $27.43. Delek US Holdings, Inc. has a 52 week low of $21.68 and a 52 week high of $33.60. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of -19.41 and a beta of 1.28.

Delek US (NYSE:DKGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The oil and gas company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.56) by $0.15. Delek US had a positive return on equity of 7.37% and a negative net margin of 0.48%. The business had revenue of $3.23 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the previous year, the company earned $1.37 EPS. The company’s quarterly revenue was down 17.8% on a year-over-year basis. Equities research analysts anticipate that Delek US Holdings, Inc. will post 1 EPS for the current fiscal year.

Delek US Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 17th were given a $0.25 dividend. The ex-dividend date was Thursday, May 16th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.15%. This is a boost from Delek US’s previous quarterly dividend of $0.25. Delek US’s dividend payout ratio (DPR) is currently -80.65%.

Institutional Investors Weigh In On Delek US

A number of large investors have recently added to or reduced their stakes in DK. Yaupon Capital Management LP purchased a new stake in shares of Delek US during the first quarter worth about $4,157,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Delek US by 4.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 41,605 shares of the oil and gas company’s stock worth $1,279,000 after purchasing an additional 1,829 shares during the period. Shell Asset Management Co. boosted its holdings in shares of Delek US by 6.8% during the first quarter. Shell Asset Management Co. now owns 9,890 shares of the oil and gas company’s stock worth $304,000 after purchasing an additional 628 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of Delek US by 627.2% in the first quarter. Acadian Asset Management LLC now owns 266,663 shares of the oil and gas company’s stock valued at $8,191,000 after purchasing an additional 229,992 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its stake in Delek US by 35.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 25,221 shares of the oil and gas company’s stock valued at $775,000 after purchasing an additional 6,580 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on DK shares. Piper Sandler dropped their price objective on shares of Delek US from $30.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday. StockNews.com cut Delek US from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. UBS Group boosted their target price on Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Bank of America increased their price target on Delek US from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Friday, March 15th. Finally, Scotiabank lifted their price objective on shares of Delek US from $25.00 to $27.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Five analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.40.

Read Our Latest Research Report on DK

About Delek US

(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.

Featured Articles

Insider Buying and Selling by Quarter for Delek US (NYSE:DK)

Receive News & Ratings for Delek US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US and related companies with MarketBeat.com's FREE daily email newsletter.