Delek US Holdings, Inc. (NYSE:DK) insider Anthony L. Miller sold 1,118 shares of the firm’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $36.87, for a total value of $41,220.66. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of NYSE:DK opened at $42.34 on Friday. The stock has a market capitalization of $3,553.13, a price-to-earnings ratio of 39.57, a PEG 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 52-week low of $20.65 and a 52-week high of $43.42.
Delek US (NYSE:DK) last announced its earnings results on Monday, February 26th. The oil and gas company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.10. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.10 billion. Delek US had a return on equity of 5.99% and a net margin of 3.99%. The business’s revenue for the quarter was up 129.0% on a year-over-year basis. During the same period last year, the firm posted ($0.44) earnings per share. equities analysts anticipate that Delek US Holdings, Inc. will post 2.22 EPS for the current year.
Delek US declared that its board has authorized a share buyback plan on Monday, February 26th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the oil and gas company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 26th. Stockholders of record on Monday, March 12th were given a dividend of $0.20 per share. This is a boost from Delek US’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date was Friday, March 9th. Delek US’s payout ratio is presently 63.49%.
Several hedge funds have recently bought and sold shares of DK. Quantbot Technologies LP purchased a new position in shares of Delek US during the 3rd quarter valued at about $114,000. Meeder Asset Management Inc. lifted its position in shares of Delek US by 194.4% during the 4th quarter. Meeder Asset Management Inc. now owns 3,286 shares of the oil and gas company’s stock valued at $115,000 after buying an additional 2,170 shares in the last quarter. Hanseatic Management Services Inc. lifted its position in shares of Delek US by 18,606.3% during the 3rd quarter. Hanseatic Management Services Inc. now owns 5,986 shares of the oil and gas company’s stock valued at $160,000 after buying an additional 5,954 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Delek US by 51.3% during the 3rd quarter. Great West Life Assurance Co. Can now owns 7,112 shares of the oil and gas company’s stock valued at $188,000 after buying an additional 2,412 shares in the last quarter. Finally, ETRADE Capital Management LLC purchased a new position in shares of Delek US during the 3rd quarter valued at about $215,000. 91.07% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on the company. Zacks Investment Research downgraded Delek US from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. Scotiabank reiterated a “buy” rating and issued a $43.00 price objective on shares of Delek US in a report on Wednesday, January 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $41.00 price objective on shares of Delek US in a report on Tuesday, January 30th. Citigroup lifted their price objective on Delek US from $35.00 to $41.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, Deutsche Bank lifted their price objective on Delek US from $43.00 to $46.00 and gave the stock a “hold” rating in a report on Monday, March 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently 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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