Delek US Holdings, Inc. (NYSE:DK) Director Richard J. Marcogliese Purchases 1,540 Shares

Delek US Holdings, Inc. (NYSE:DK) Director Richard J. Marcogliese acquired 1,540 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $14.58 per share, for a total transaction of $22,453.20. Following the completion of the acquisition, the director now owns 44,933 shares of the company’s stock, valued at approximately $655,123.14. The trade was a 3.55 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Delek US Trading Up 7.1 %

DK opened at $15.66 on Friday. Delek US Holdings, Inc. has a twelve month low of $13.40 and a twelve month high of $33.60. The company has a 50-day simple moving average of $17.60 and a 200 day simple moving average of $18.11. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The stock has a market capitalization of $978.64 million, a price-to-earnings ratio of -3.22 and a beta of 1.15.

Delek US (NYSE:DK) last posted its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing the consensus estimate of ($1.53) by ($1.01). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the company earned ($1.46) EPS. The company’s revenue for the quarter was down 39.8% compared to the same quarter last year. Analysts predict that Delek US Holdings, Inc. will post -5.5 EPS for the current fiscal year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.52%. Delek US’s dividend payout ratio (DPR) is currently -11.54%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in DK. US Bancorp DE raised its holdings in Delek US by 691.5% in the 3rd quarter. US Bancorp DE now owns 16,195 shares of the oil and gas company’s stock valued at $304,000 after buying an additional 14,149 shares during the last quarter. Victory Capital Management Inc. boosted its position in Delek US by 17.2% during the 3rd quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock worth $61,492,000 after buying an additional 480,614 shares during the period. MQS Management LLC acquired a new stake in Delek US during the 3rd quarter worth approximately $201,000. Empowered Funds LLC boosted its position in Delek US by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 319,587 shares of the oil and gas company’s stock worth $5,992,000 after buying an additional 16,214 shares during the period. Finally, Quest Partners LLC boosted its position in Delek US by 279.4% during the 3rd quarter. Quest Partners LLC now owns 22,163 shares of the oil and gas company’s stock worth $416,000 after buying an additional 16,321 shares during the period. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Mizuho decreased their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. upped their price objective on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Wells Fargo & Company decreased their price objective on shares of Delek US from $17.00 to $15.00 and set an “underweight” rating on the stock in a report on Wednesday, February 26th. Piper Sandler decreased their price target on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Finally, Morgan Stanley decreased their price target on shares of Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a research note on Friday. Five investment analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, Delek US presently has an average rating of “Hold” and an average target price of $20.30.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock 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 terminal.