Richard J. Marcogliese Acquires 2,750 Shares of Delek US Holdings, Inc. (NYSE:DK) Stock

Delek US Holdings, Inc. (NYSE:DK) Director Richard J. Marcogliese bought 2,750 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were acquired at an average cost of $23.99 per share, for a total transaction of $65,972.50. Following the completion of the transaction, the director now owns 42,863 shares of the company’s stock, valued at approximately $1,028,283.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Delek US Stock Up 0.2 %

Delek US stock traded up $0.04 during midday trading on Friday, hitting $24.07. The stock had a trading volume of 694,379 shares, compared to its average volume of 986,124. The stock has a market cap of $1.54 billion, a P/E ratio of -19.41 and a beta of 1.28. The business has a fifty day moving average price of $27.79 and a 200 day moving average price of $27.43. Delek US Holdings, Inc. has a 12 month low of $21.68 and a 12 month high of $33.60. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 2.40.

Delek US (NYSE:DK) last posted its earnings results on Tuesday, May 7th. The oil and gas company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.15. The company had revenue of $3.23 billion during the quarter, compared to analyst estimates of $3.28 billion. Delek US had a positive return on equity of 7.37% and a negative net margin of 0.48%. The business’s revenue was down 17.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.37 earnings per share. Research analysts predict that Delek US Holdings, Inc. will post 1 EPS for the current year.

Delek US Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 17th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, May 16th. This is a positive change from Delek US’s previous quarterly dividend of $0.25. This represents a $1.00 annualized dividend and a dividend yield of 4.15%. Delek US’s dividend payout ratio is -80.65%.

Wall Street Analyst Weigh In

DK has been the topic of a number of analyst reports. Piper Sandler dropped their target price on Delek US from $30.00 to $25.00 and set a “neutral” rating on the stock in a research report on Friday. StockNews.com lowered Delek US from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. dropped their target price on Delek US from $26.00 to $25.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 21st. Wells Fargo & Company dropped their target price on Delek US from $26.00 to $25.00 and set an “underweight” rating on the stock in a research report on Thursday, June 6th. Finally, Mizuho boosted their price objective on Delek US from $30.00 to $31.00 and gave the company an “underperform” rating in a report on Monday, May 13th. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Delek US presently has an average rating of “Hold” and a consensus price target of $27.40.

Hedge Funds Weigh In On Delek US

Several institutional investors have recently made changes to their positions in DK. Spirit of America Management Corp NY acquired a new position in shares of Delek US during the fourth quarter worth approximately $26,000. Newbridge Financial Services Group Inc. acquired a new stake in Delek US in the first quarter worth approximately $31,000. Strs Ohio acquired a new stake in Delek US in the fourth quarter worth approximately $95,000. TFO Wealth Partners LLC lifted its position in Delek US by 627,400.0% in the fourth quarter. TFO Wealth Partners LLC now owns 6,275 shares of the oil and gas company’s stock worth $162,000 after purchasing an additional 6,274 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Delek US in the first quarter valued at $172,000. 97.01% of the stock is owned by institutional investors.

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.