Insider Buying: Delek US Holdings, Inc. (NYSE:DK) Director Purchases 1,540 Shares of Stock

Delek US Holdings, Inc. (NYSE:DK) Director Richard J. Marcogliese purchased 1,540 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were acquired at an average price of $14.58 per share, for a total transaction of $22,453.20. Following the completion of the purchase, the director now directly owns 44,933 shares of the company’s stock, valued at approximately $655,123.14. This trade represents a 3.55 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Delek US Trading Up 7.1 %

NYSE:DK opened at $15.66 on Friday. The company has a market capitalization of $978.64 million, a PE ratio of -3.22 and a beta of 1.15. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. Delek US Holdings, Inc. has a 52-week low of $13.40 and a 52-week high of $33.60. The stock has a fifty day simple moving average of $17.60 and a 200-day simple moving average of $18.10.

Delek US (NYSE:DK) last announced its earnings results 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 net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the previous year, the firm posted ($1.46) EPS. The company’s revenue for the quarter was down 39.8% compared to the same quarter last year. On average, equities research analysts expect that Delek US Holdings, Inc. will post -5.5 earnings per share for the current fiscal year.

Delek US Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Lansforsakringar Fondforvaltning AB publ acquired a new position in shares of Delek US during the 4th quarter valued at about $3,982,000. Mackenzie Financial Corp increased its stake in shares of Delek US by 67.8% during the 4th quarter. Mackenzie Financial Corp now owns 39,617 shares of the oil and gas company’s stock valued at $733,000 after acquiring an additional 16,009 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Delek US during the 4th quarter valued at about $363,000. Public Employees Retirement System of Ohio acquired a new position in shares of Delek US during the 4th quarter valued at about $780,000. Finally, GTS Securities LLC acquired a new position in shares of Delek US during the 4th quarter valued at about $390,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Analyst Upgrades and Downgrades

DK has been the topic of several recent analyst reports. Morgan Stanley dropped 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. Mizuho decreased their price objective on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Wells Fargo & Company decreased their price target on Delek US from $17.00 to $15.00 and set an “underweight” rating for the company in a report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. increased their price target on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Five analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the company currently has a consensus 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.