Delek US Holdings, Inc. (NYSE:DK) insider Anthony L. Miller sold 3,972 shares of the stock in a transaction on Friday, May 18th. The stock was sold at an average price of $52.43, for a total value of $208,251.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Delek US opened at $51.30 on Thursday, Marketbeat.com reports. The company has a quick ratio of 0.89, a current ratio of 1.34 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $4.25 billion, a PE ratio of 40.71, a PEG ratio of 1.55 and a beta of 1.43. Delek US Holdings, Inc. has a fifty-two week low of $20.65 and a fifty-two week high of $54.28.
Delek US (NYSE:DK) last announced its quarterly earnings data on Monday, May 7th. The oil and gas company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.44. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.10 billion. Delek US had a return on equity of 6.51% and a net margin of 2.89%. equities analysts anticipate that Delek US Holdings, Inc. will post 3.27 earnings per share for the current fiscal year.
Delek US announced that its Board of Directors has approved a stock repurchase plan on Monday, February 26th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the oil and gas company to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 4th. Stockholders of record on Monday, May 21st will be issued a $0.25 dividend. This is a positive change from Delek US’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, May 18th. This represents a $1.00 annualized dividend and a dividend yield of 1.95%. Delek US’s dividend payout ratio is 79.37%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. lifted its holdings in shares of Delek US by 194.4% during the fourth quarter. Meeder Asset Management Inc. now owns 3,286 shares of the oil and gas company’s stock valued at $115,000 after purchasing an additional 2,170 shares during the last quarter. Brookfield Asset Management Inc. purchased a new stake in shares of Delek US during the first quarter valued at $199,000. Asset Management One Co. Ltd. purchased a new stake in shares of Delek US during the first quarter valued at $202,000. Zeke Capital Advisors LLC purchased a new stake in shares of Delek US during the first quarter valued at $226,000. Finally, Invictus RG purchased a new stake in shares of Delek US during the fourth quarter valued at $269,000. 96.29% of the stock is owned by institutional investors and hedge funds.
Several research firms have recently issued reports on DK. Wells Fargo & Co increased their price target on Delek US from $49.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 9th. ValuEngine cut Delek US from a “buy” rating to a “hold” rating in a research note on Wednesday, April 18th. Royal Bank of Canada reissued a “buy” rating and issued a $49.00 price target on shares of Delek US in a research note on Friday, April 13th. Citigroup increased their price target on Delek US from $35.00 to $41.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, Bank of America set a $50.00 price objective on Delek US and gave the company a “hold” rating in a report on Tuesday, May 8th. Four investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Delek US has an average rating of “Buy” and an average target price of $44.79.
Delek US Company Profile
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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