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

Delek US Holdings, Inc. (NYSE:DK) CEO Avigal Soreq acquired 870 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of $17.23 per share, for a total transaction of $14,990.10. Following the purchase, the chief executive officer now directly owns 182,074 shares of the company’s stock, valued at approximately $3,137,135.02. This trade represents a 0.48 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Delek US Stock Performance

DK stock opened at $17.51 on Wednesday. The stock’s 50 day simple moving average is $17.90 and its 200 day simple moving average is $20.44. Delek US Holdings, Inc. has a 12-month low of $15.36 and a 12-month high of $33.60. The firm has a market cap of $1.11 billion, a P/E ratio of -3.60 and a beta of 1.22. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18.

Delek US (NYSE:DK) last issued its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.23 billion. During the same period in the prior year, the company earned $2.02 earnings per share. The firm’s revenue was down 34.3% compared to the same quarter last year. As a group, equities research analysts predict that Delek US Holdings, Inc. will post -4.4 EPS 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. The ex-dividend date was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a yield of 5.83%. Delek US’s payout ratio is currently -20.99%.

Institutional Trading of Delek US

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC grew its position in shares of Delek US by 4.5% during the third quarter. Geode Capital Management LLC now owns 1,459,301 shares of the oil and gas company’s stock worth $27,368,000 after acquiring an additional 63,502 shares during the last quarter. Barclays PLC grew its position in Delek US by 51.5% in the 3rd quarter. Barclays PLC now owns 1,496,825 shares of the oil and gas company’s stock worth $28,065,000 after purchasing an additional 508,719 shares during the last quarter. Y Intercept Hong Kong Ltd increased its stake in shares of Delek US by 123.7% in the third quarter. Y Intercept Hong Kong Ltd now owns 42,125 shares of the oil and gas company’s stock valued at $790,000 after purchasing an additional 23,298 shares during the period. Orion Portfolio Solutions LLC raised its holdings in shares of Delek US by 7.6% during the third quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company’s stock valued at $342,000 after buying an additional 1,292 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of Delek US during the third quarter worth approximately $238,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.