Delek US Holdings, Inc. (NYSE:DK) insider Daniel L. Gordon sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of $37.57, for a total transaction of $93,925.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Delek US Holdings, Inc. (NYSE DK) opened at $36.68 on Wednesday. The firm has a market cap of $3,130.00, a P/E ratio of 8.97, a PEG ratio of 1.59 and a beta of 1.63. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.45. Delek US Holdings, Inc. has a 1-year low of $20.65 and a 1-year high of $39.43.
Delek US (NYSE:DK) last announced its quarterly earnings data on Monday, February 26th. The oil and gas company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.10. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.10 billion. Delek US had a net margin of 3.99% and a return on equity of 5.99%. The business’s quarterly revenue was up 129.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.44) EPS. research analysts predict that Delek US Holdings, Inc. will post 2.35 earnings per share for the current year.
Delek US announced that its Board of Directors has authorized a share buyback program on Monday, February 26th that allows the company to repurchase $150.00 million in shares. This repurchase authorization allows the oil and gas company to purchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in Delek US by 35.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,058,494 shares of the oil and gas company’s stock valued at $188,672,000 after buying an additional 1,833,630 shares during the last quarter. BlackRock Inc. raised its holdings in Delek US by 3.1% during the 4th 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 during the last quarter. Goldman Sachs Group Inc. raised its holdings in Delek US by 73.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,963,259 shares of the oil and gas company’s stock valued at $103,536,000 after buying an additional 1,258,853 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Delek US by 315.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,790,717 shares of the oil and gas company’s stock valued at $74,596,000 after buying an additional 2,119,017 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in Delek US by 0.4% during the 4th quarter. TIAA CREF Investment Management LLC now owns 1,893,620 shares of the oil and gas company’s stock valued at $66,163,000 after buying an additional 7,330 shares during the last quarter. Hedge funds and other institutional investors own 91.07% of the company’s stock.
DK has been the subject of several recent analyst reports. Morgan Stanley raised shares of Delek US from an “equal weight” rating to an “overweight” rating and set a $44.00 price objective for the company in a research note on Thursday, January 11th. Wells Fargo & Co raised shares of Delek US from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research note on Tuesday, November 14th. Tudor Pickering raised shares of Delek US from a “hold” rating to a “buy” rating in a research note on Friday, November 17th. Zacks Investment Research cut shares of Delek US from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $42.00 price target on shares of Delek US in a research note on Thursday, March 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $37.43.
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About Delek US
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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