Insider Buying: Delek US Holdings, Inc. (NYSE:DK) CEO Buys 870 Shares of Stock

Delek US Holdings, Inc. (NYSE:DK) CEO Avigal Soreq acquired 870 shares of the business’s stock in a transaction on Monday, December 16th. The shares were purchased at an average price of $17.23 per share, with a total value of $14,990.10. Following the transaction, the chief executive officer now owns 182,074 shares in the company, valued at $3,137,135.02. The trade was a 0.48 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Delek US Trading Down 4.0 %

Shares of NYSE DK opened at $16.13 on Friday. The stock has a market cap of $1.02 billion, a P/E ratio of -3.32 and a beta of 1.22. Delek US Holdings, Inc. has a 52-week low of $15.36 and a 52-week high of $33.60. The firm has a 50 day moving average price of $17.79 and a two-hundred day moving average price of $20.39. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04.

Delek US (NYSE:DK) last announced its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, beating the consensus estimate of ($1.71) by $0.26. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same quarter in the prior year, the business earned $2.02 earnings per share. The business’s quarterly revenue was down 34.3% compared to the same quarter last year. As a group, equities analysts forecast that Delek US Holdings, Inc. will post -4.4 EPS for the current year.

Delek US Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 6.32%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s dividend payout ratio is presently -20.99%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DK shares. Scotiabank cut their target price on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. StockNews.com cut shares of Delek US from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Mizuho cut their price objective on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday. JPMorgan Chase & Co. boosted their target price on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Piper Sandler reduced their price objective on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, September 20th. Six analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $21.00.

Hedge Funds Weigh In On Delek US

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rubric Capital Management LP purchased a new stake in shares of Delek US during the 3rd quarter valued at approximately $37,500,000. Philosophy Capital Management LLC bought a new stake in shares of Delek US during the 3rd quarter valued at $21,471,000. Encompass Capital Advisors LLC bought a new stake in shares of Delek US during the second quarter valued at about $22,833,000. Point72 Asset Management L.P. bought a new stake in Delek US during the 2nd quarter worth approximately $19,806,000. Finally, International Assets Investment Management LLC raised its position in shares of Delek US by 1,753.2% in the third quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company’s stock worth $12,160,000 after buying an additional 613,514 shares in the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

About Delek US

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.