Delek US Holdings, Inc. (NYSE:DK) Director Carlos E. Jorda sold 4,000 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $25.78, for a total transaction of $103,120.00. Following the sale, the director now directly owns 47,835 shares of the company’s stock, valued at approximately $1,233,186.30. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Delek US Holdings, Inc. (NYSE:DK) opened at 25.91 on Wednesday. Delek US Holdings, Inc. has a 12-month low of $14.76 and a 12-month high of $27.85. The firm’s 50 day moving average is $24.00 and its 200 day moving average is $24.77. The company’s market cap is $1.61 billion.
Delek US Holdings (NYSE:DK) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.37). Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $944.29 million. During the same period in the previous year, the firm posted ($0.08) EPS. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts anticipate that Delek US Holdings, Inc. will post $0.18 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 13th. Shareholders of record on Wednesday, August 23rd were issued a $0.15 dividend. The ex-dividend date was Monday, August 21st. This represents a $0.60 dividend on an annualized basis and a yield of 2.32%. Delek US Holdings’s payout ratio is -25.86%.
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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. purchased a new position in Delek US Holdings in the first quarter valued at $129,000. Amalgamated Bank purchased a new position in Delek US Holdings in the second quarter valued at $207,000. Virginia Retirement Systems ET AL increased its holdings in Delek US Holdings by 6.3% in the first quarter. Virginia Retirement Systems ET AL now owns 9,145 shares of the oil and gas company’s stock valued at $222,000 after buying an additional 545 shares in the last quarter. Clinton Group Inc. purchased a new position in Delek US Holdings in the first quarter valued at $230,000. Finally, Airain ltd purchased a new position in Delek US Holdings in the second quarter valued at $244,000. 97.01% of the stock is owned by institutional investors.
A number of brokerages have recently issued reports on DK. Royal Bank Of Canada reissued a “buy” rating and set a $32.00 price objective on shares of Delek US Holdings in a research report on Friday, September 8th. Scotiabank reissued a “hold” rating and set a $26.00 price objective on shares of Delek US Holdings in a research report on Friday, September 8th. BidaskClub raised shares of Delek US Holdings from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Cowen and Company reissued a “buy” rating and set a $30.00 price objective on shares of Delek US Holdings in a research report on Thursday, August 17th. Finally, Wolfe Research raised shares of Delek US Holdings from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 25th. Eleven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $28.00.
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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