Insider Buying: Delek US Holdings, Inc. (NYSE:DK) Director Buys $22,453.20 in Stock

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

Delek US Stock Up 7.1 %

DK stock opened at $15.66 on Monday. Delek US Holdings, Inc. has a one year low of $13.40 and a one year high of $33.60. The stock has a market capitalization of $978.64 million, a PE ratio of -3.22 and a beta of 1.15. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The company has a fifty day moving average of $17.60 and a 200-day moving average of $18.08.

Delek US (NYSE:DK) last released its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS 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 during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter last year, the business posted ($1.46) EPS. The firm’s revenue was down 39.8% on a year-over-year basis. As a group, analysts expect that Delek US Holdings, Inc. will post -5.5 EPS for the current year.

Delek US Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have commented on DK. Mizuho dropped their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Piper Sandler dropped their price objective on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Wells Fargo & Company lowered their target price on shares of Delek US from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Wednesday, February 26th. JPMorgan Chase & Co. upped their target price 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. Finally, Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Five investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.30.

Institutional Trading of Delek US

Hedge funds have recently made changes to their positions in the company. Rubric Capital Management LP purchased a new position in shares of Delek US in the 3rd quarter valued at about $37,500,000. Philosophy Capital Management LLC purchased a new position in shares of Delek US in the 3rd quarter valued at about $21,471,000. Millennium Management LLC increased its holdings in shares of Delek US by 1,199.2% in the 4th quarter. Millennium Management LLC now owns 870,257 shares of the oil and gas company’s stock valued at $16,100,000 after purchasing an additional 803,274 shares in the last quarter. Deprince Race & Zollo Inc. purchased a new position in shares of Delek US in the 4th quarter valued at about $13,680,000. Finally, FMR LLC increased its holdings in shares of Delek US by 47.3% in the 3rd quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock valued at $32,021,000 after purchasing an additional 548,777 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.