Delek US Holdings, Inc. (NYSE:DK) Director Carlos E. Jorda sold 4,000 shares of Delek US Holdings stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $25.78, for a total value of $103,120.00. Following the sale, the director now directly owns 47,835 shares in the company, valued at $1,233,186.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Delek US Holdings, Inc. (DK) opened at 25.64 on Thursday. The stock’s 50 day moving average price is $24.00 and its 200 day moving average price is $24.77. Delek US Holdings, Inc. has a 12-month low of $14.76 and a 12-month high of $27.85. The company’s market cap is $1.59 billion.
Delek US Holdings (NYSE:DK) last released its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.37). The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $944.29 million. Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.08) EPS. On average, analysts forecast that Delek US Holdings, Inc. will post $0.18 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Monday, August 21st. Delek US Holdings’s payout ratio is -25.86%.
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A number of research firms recently commented on DK. BidaskClub lowered Delek US Holdings from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Zacks Investment Research raised Delek US Holdings from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Friday, July 21st. Cowen and Company reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Delek US Holdings in a research note on Thursday, August 17th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Delek US Holdings in a research note on Friday, September 8th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $28.00 price objective on shares of Delek US Holdings in a research note on Wednesday, July 5th. Eleven analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $28.00.
Large investors have recently made changes to their positions in the business. Strs Ohio purchased a new position in Delek US Holdings during the first quarter valued at $737,000. Teachers Retirement System of The State of Kentucky purchased a new position in Delek US Holdings during the first quarter valued at $11,164,000. Canada Pension Plan Investment Board raised its stake in Delek US Holdings by 51.5% during the second quarter. Canada Pension Plan Investment Board now owns 242,900 shares of the oil and gas company’s stock valued at $6,422,000 after buying an additional 82,600 shares during the last quarter. Clinton Group Inc. purchased a new position in Delek US Holdings during the first quarter valued at $230,000. Finally, Bank of Montreal Can raised its stake in Delek US Holdings by 42.2% during the first quarter. Bank of Montreal Can now owns 31,228 shares of the oil and gas company’s stock valued at $758,000 after buying an additional 9,266 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.
About Delek US Holdings
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
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