Delek US Holdings Inc (NYSE:DK) CFO Sells $408,118.10 in Stock

Delek US Holdings Inc (NYSE:DK) CFO Assi Ginzburg sold 10,478 shares of the company’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $38.95, for a total value of $408,118.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

DK traded down $1.61 on Monday, hitting $37.51. 1,057,900 shares of the company traded hands, compared to its average volume of 1,405,262. The company has a quick ratio of 1.04, a current ratio of 1.45 and a debt-to-equity ratio of 0.97. The company has a market cap of $3.03 billion, a PE ratio of 7.81, a P/E/G ratio of 1.00 and a beta of 1.33. Delek US Holdings Inc has a 12-month low of $29.51 and a 12-month high of $61.57.

Delek US (NYSE:DK) last posted its quarterly earnings data on Tuesday, February 19th. The oil and gas company reported $1.59 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.32. The firm had revenue of $2.41 billion during the quarter, compared to the consensus estimate of $3.03 billion. Delek US had a return on equity of 23.22% and a net margin of 3.52%. As a group, sell-side analysts expect that Delek US Holdings Inc will post 3.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Stockholders of record on Tuesday, March 5th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.88%. This is an increase from Delek US’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, March 4th. Delek US’s dividend payout ratio is 22.50%.

A number of analysts recently issued reports on DK shares. ValuEngine cut Delek US from a “hold” rating to a “sell” rating in a research report on Wednesday, January 9th. Piper Jaffray Companies reissued a “neutral” rating on shares of Delek US in a research report on Thursday, January 10th. Mizuho reissued a “buy” rating and issued a $60.00 target price on shares of Delek US in a research report on Thursday, February 21st. Raymond James decreased their target price on Delek US from $46.00 to $45.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 10th. Finally, Zacks Investment Research raised Delek US from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 20th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $50.39.

Several hedge funds have recently modified their holdings of DK. Menora Mivtachim Holdings LTD. purchased a new position in shares of Delek US during the 4th quarter worth approximately $120,179,000. Norges Bank purchased a new position in shares of Delek US during the 4th quarter worth approximately $42,863,000. Millennium Management LLC raised its stake in shares of Delek US by 1,092.2% during the 4th quarter. Millennium Management LLC now owns 1,429,865 shares of the oil and gas company’s stock worth $46,485,000 after buying an additional 1,309,931 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Delek US by 201.5% during the 4th quarter. Principal Financial Group Inc. now owns 1,620,258 shares of the oil and gas company’s stock worth $52,674,000 after buying an additional 1,082,837 shares in the last quarter. Finally, LSV Asset Management raised its stake in shares of Delek US by 2,764.4% during the 4th quarter. LSV Asset Management now owns 1,022,600 shares of the oil and gas company’s stock worth $33,244,000 after buying an additional 986,900 shares in the last quarter.

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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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