Delek US Holdings, Inc. (NYSE:DK - Get Free Report) Director Richard J. Marcogliese purchased 1,540 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $14.58 per share, for a total transaction of $22,453.20. Following the transaction, the director now owns 44,933 shares in the company, valued at $655,123.14. This represents a 3.55 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Delek US Stock Performance
NYSE:DK traded up $0.27 during trading hours on Tuesday, reaching $16.28. The stock had a trading volume of 1,888,400 shares, compared to its average volume of 1,129,398. The stock has a market cap of $1.02 billion, a P/E ratio of -3.35 and a beta of 1.14. The stock has a 50 day simple moving average of $17.55 and a 200 day simple moving average of $18.06. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US Holdings, Inc. has a 12-month low of $13.40 and a 12-month high of $33.60.
Delek US (NYSE:DK - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing the consensus estimate of ($1.53) by ($1.01). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the company posted ($1.46) EPS. The firm's revenue was down 39.8% compared to the same quarter last year. On average, research analysts forecast that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.
Delek US Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were paid a $0.255 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.02 annualized dividend and a dividend yield of 6.27%. Delek US's payout ratio is -11.54%.
Analyst Upgrades and Downgrades
DK has been the subject of a number of analyst reports. Morgan Stanley lowered their price target on Delek US from $19.00 to $18.00 and set an "underweight" rating for the company in a research report on Friday. Piper Sandler lowered their target price on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Mizuho cut their price target 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. increased their price objective on shares of Delek US from $21.00 to $22.00 and gave the company a "neutral" rating in a research note on Tuesday, December 10th. Finally, Wolfe Research raised Delek US from an "underperform" rating to a "peer perform" rating in a report on Friday, January 3rd. Five research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $20.30.
Check Out Our Latest Report on Delek US
Institutional Trading of Delek US
Hedge funds and other institutional investors have recently modified their holdings of the business. US Bancorp DE grew its stake in Delek US by 691.5% in the 3rd quarter. US Bancorp DE now owns 16,195 shares of the oil and gas company's stock valued at $304,000 after buying an additional 14,149 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of Delek US by 17.2% in the third quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company's stock worth $61,492,000 after acquiring an additional 480,614 shares during the period. MQS Management LLC purchased a new position in shares of Delek US in the third quarter valued at $201,000. Empowered Funds LLC raised its stake in shares of Delek US by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 319,587 shares of the oil and gas company's stock valued at $5,992,000 after purchasing an additional 16,214 shares during the period. Finally, Quest Partners LLC raised its stake in shares of Delek US by 279.4% during the 3rd quarter. Quest Partners LLC now owns 22,163 shares of the oil and gas company's stock valued at $416,000 after purchasing an additional 16,321 shares during the period. Institutional investors own 97.01% of the company's stock.
About Delek US
(
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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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