Delek US Holdings Inc (NYSE:DK) insider Anthony L. Miller sold 2,143 shares of the firm’s stock in a transaction on Tuesday, June 12th. The shares were sold at an average price of $54.04, for a total value of $115,807.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Delek US traded down $0.77, reaching $51.93, during mid-day trading on Thursday, Marketbeat Ratings reports. 75,847 shares of the stock were exchanged, compared to its average volume of 1,690,390. The firm has a market cap of $4.67 billion, a P/E ratio of 41.99, a PEG ratio of 1.20 and a beta of 1.48. Delek US Holdings Inc has a 1-year low of $20.65 and a 1-year high of $61.57. The company has a quick ratio of 0.89, a current ratio of 1.34 and a debt-to-equity ratio of 0.99.
Delek US (NYSE:DK) last released its earnings results on Monday, May 7th. The oil and gas company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.44. The firm had revenue of $2.35 billion for 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%. sell-side analysts expect that Delek US Holdings Inc will post 4.63 EPS for the current year.
Delek US declared that its board has initiated a share repurchase program on Monday, February 26th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the oil and gas company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
DK has been the topic of a number of recent research reports. Credit Suisse Group started coverage on Delek US in a research note on Monday, April 9th. They issued an “outperform” rating and a $47.00 target price on the stock. JPMorgan Chase & Co. raised their price target on Delek US from $43.00 to $44.00 and gave the company a “neutral” rating in a report on Monday, April 9th. ValuEngine lowered Delek US from a “buy” rating to a “hold” rating in a report on Thursday, May 24th. Morgan Stanley raised their price target on Delek US from $44.00 to $53.00 and gave the company a “buy” rating in a report on Monday, April 16th. Finally, Zacks Investment Research raised Delek US from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a report on Tuesday, February 27th. Four equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Delek US currently has a consensus rating of “Buy” and a consensus target price of $46.64.
Large investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. grew its holdings in 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 worth $115,000 after acquiring an additional 2,170 shares during the period. Brookfield Asset Management Inc. acquired a new position in Delek US during the first quarter worth about $199,000. Asset Management One Co. Ltd. acquired a new position in Delek US during the first quarter worth about $202,000. Zeke Capital Advisors LLC acquired a new position in Delek US during the first quarter worth about $226,000. Finally, Suntrust Banks Inc. acquired a new position in Delek US during the first quarter worth about $232,000. 95.99% of the stock is currently owned by hedge funds and other institutional investors.
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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