Delek US Holdings, Inc. (NYSE:DK) CFO Kevin L. Kremke sold 3,400 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $37.01, for a total value of $125,834.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of DK traded down $0.56 during trading hours on Friday, reaching $42.34. 2,383,744 shares of the company’s stock traded hands, compared to its average volume of 1,632,727. The firm has a market capitalization of $3,553.13, a price-to-earnings ratio of 33.60, a price-to-earnings-growth ratio of 1.90 and a beta of 1.44. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.68 and a current ratio of 0.98. Delek US Holdings, Inc. has a twelve month low of $20.65 and a twelve month high of $43.42.
Delek US (NYSE:DK) last issued its quarterly earnings results on Monday, February 26th. The oil and gas company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.10. The company had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.10 billion. Delek US had a return on equity of 5.99% and a net margin of 3.99%. The company’s quarterly revenue was up 129.0% compared to the same quarter last year. During the same period last year, the company earned ($0.44) earnings per share. analysts forecast that Delek US Holdings, Inc. will post 2.22 EPS for the current fiscal year.
Delek US declared that its Board of Directors has authorized a stock buyback plan on Monday, February 26th that permits the company to buyback $150.00 million in shares. This buyback authorization permits the oil and gas company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which was paid on Monday, March 26th. Investors of record on Monday, March 12th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, March 9th. This represents a $0.80 annualized dividend and a yield of 1.89%. This is a boost from Delek US’s previous quarterly dividend of $0.15. Delek US’s dividend payout ratio (DPR) is currently 63.49%.
Hedge funds have recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new position in Delek US during the third quarter valued at about $273,000. Deutsche Bank AG boosted its stake in Delek US by 276.9% during the fourth quarter. Deutsche Bank AG now owns 854,054 shares of the oil and gas company’s stock valued at $29,838,000 after buying an additional 627,451 shares in the last quarter. Swiss National Bank boosted its stake in Delek US by 2.4% during the fourth quarter. Swiss National Bank now owns 123,419 shares of the oil and gas company’s stock valued at $4,312,000 after buying an additional 2,900 shares in the last quarter. BlackRock Inc. boosted its stake in Delek US by 3.1% during the fourth quarter. BlackRock Inc. now owns 5,148,200 shares of the oil and gas company’s stock valued at $179,880,000 after buying an additional 154,903 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Delek US by 371.2% during the third quarter. Ameriprise Financial Inc. now owns 458,456 shares of the oil and gas company’s stock valued at $12,254,000 after buying an additional 361,162 shares in the last quarter. 91.07% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have weighed in on DK shares. TheStreet raised Delek US from a “c+” rating to a “b-” rating in a research report on Monday, December 18th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $41.00 target price on shares of Delek US in a research report on Tuesday, January 30th. Citigroup raised Delek US from a “neutral” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, February 14th. Zacks Investment Research raised Delek US from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, January 17th. Finally, Scotiabank reaffirmed a “buy” rating and issued a $43.00 target price on shares of Delek US in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. Delek US currently has a consensus rating of “Buy” and an average target price of $38.86.
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About Delek US
Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.
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