Delek US Holdings, Inc. (NYSE:DK) CEO Avigal Soreq Acquires 870 Shares

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) CEO Avigal Soreq purchased 870 shares of the firm's stock in a transaction on Monday, December 16th. The stock was bought at an average cost of $17.23 per share, for a total transaction of $14,990.10. Following the completion of the purchase, the chief executive officer now directly owns 182,074 shares in the company, valued at approximately $3,137,135.02. This trade represents a 0.48 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink.

Delek US Stock Performance

DK stock traded up $0.99 during midday trading on Tuesday, hitting $17.51. 1,597,718 shares of the stock traded hands, compared to its average volume of 1,073,645. Delek US Holdings, Inc. has a 1-year low of $15.36 and a 1-year high of $33.60. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The stock's fifty day simple moving average is $17.90 and its 200-day simple moving average is $20.44. The firm has a market cap of $1.11 billion, a P/E ratio of -3.60 and a beta of 1.22.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping the consensus estimate of ($1.71) by $0.26. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the previous year, the firm earned $2.02 EPS. The firm's revenue was down 34.3% compared to the same quarter last year. On average, analysts expect that Delek US Holdings, Inc. will post -4.4 earnings per share for the current year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.83%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US's dividend payout ratio (DPR) is presently -20.99%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Delek US from a "hold" rating to a "sell" rating in a research note on Saturday, September 21st. Wells Fargo & Company lowered their target price on shares of Delek US from $18.00 to $16.00 and set an "underweight" rating for the company in a report on Monday, December 9th. Morgan Stanley dropped their price target on Delek US from $24.00 to $22.00 and set an "underweight" rating on the stock in a research report on Monday, September 16th. Bank of America initiated coverage on Delek US in a research report on Thursday, October 17th. They set an "underperform" rating and a $15.00 price objective for the company. Finally, Scotiabank cut their target price on Delek US from $25.00 to $22.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 10th. Six equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $21.00.

Institutional Trading of Delek US

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rubric Capital Management LP acquired a new stake in shares of Delek US during the third quarter worth about $37,500,000. Philosophy Capital Management LLC purchased a new position in Delek US in the 3rd quarter valued at approximately $21,471,000. Encompass Capital Advisors LLC acquired a new position in shares of Delek US in the second quarter worth $22,833,000. Point72 Asset Management L.P. purchased a new stake in shares of Delek US during the second quarter worth $19,806,000. Finally, International Assets Investment Management LLC increased its position in shares of Delek US by 1,753.2% during the third quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company's stock worth $12,160,000 after acquiring an additional 613,514 shares during the period. 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.