Delek US Holdings, Inc. (NYSE:DK - Get Free Report) CFO Mark Wayne Hobbs purchased 2,800 shares of the stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the transaction, the chief financial officer now directly owns 49,138 shares of the company's stock, valued at approximately $673,190.60. The trade was a 6.04 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Delek US Stock Up 3.0 %
NYSE:DK traded up $0.44 during trading hours on Thursday, hitting $14.78. The stock had a trading volume of 204,262 shares, compared to its average volume of 1,130,620. The business has a 50 day simple moving average of $17.74 and a two-hundred day simple moving average of $18.17. Delek US Holdings, Inc. has a 1-year low of $13.40 and a 1-year high of $33.60. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The company has a market cap of $923.63 million, a PE ratio of -3.05 and a beta of 1.15.
Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing analysts' consensus estimates of ($1.53) by ($1.01). Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.37 billion during the quarter, compared to analysts' expectations of $2.58 billion. During the same period in the previous year, the company earned ($1.46) earnings per share. The business's quarterly revenue was down 39.8% on a year-over-year basis. Analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current year.
Delek US Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were given a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 6.90%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US's dividend payout ratio (DPR) is -11.54%.
Analyst Upgrades and Downgrades
DK has been the topic of a number of recent research reports. Mizuho reduced their target price on shares of Delek US from $26.00 to $25.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. lifted their target price on shares of Delek US from $21.00 to $22.00 and gave the stock a "neutral" rating in a research note on Tuesday, December 10th. Piper Sandler reduced their price target on Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Wolfe Research raised Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Finally, Wells Fargo & Company reduced their target price on Delek US from $17.00 to $15.00 and set an "underweight" rating on the stock in a research report on Wednesday, February 26th. Five analysts have rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $20.70.
Read Our Latest Analysis on Delek US
Hedge Funds Weigh In On Delek US
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DK. Mackenzie Financial Corp raised its stake in shares of Delek US by 67.8% in the 4th quarter. Mackenzie Financial Corp now owns 39,617 shares of the oil and gas company's stock worth $733,000 after buying an additional 16,009 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Delek US in the 4th quarter worth approximately $363,000. Public Employees Retirement System of Ohio acquired a new position in shares of Delek US in the 4th quarter worth approximately $780,000. GTS Securities LLC bought a new stake in shares of Delek US in the 4th quarter worth approximately $390,000. Finally, Squarepoint Ops LLC acquired a new stake in Delek US during the fourth quarter valued at approximately $856,000. 97.01% of the stock is owned by institutional investors.
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.
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