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

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 shares were acquired at an average price of $14.58 per share, with a total value of $22,453.20. Following the completion of the purchase, the director now owns 44,933 shares in the company, valued at approximately $655,123.14. This trade represents a 3.55 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Delek US Price Performance

Delek US stock opened at $15.66 on Friday. Delek US Holdings, Inc. has a 52-week low of $13.40 and a 52-week high of $33.60. The firm has a market capitalization of $978.64 million, a price-to-earnings ratio of -3.22 and a beta of 1.15. The company has a fifty day simple moving average of $17.60 and a 200-day simple moving average of $18.10. 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 (NYSE:DK) last announced its quarterly 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). The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.58 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company’s revenue was down 39.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.46) EPS. On average, equities analysts anticipate 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. Shareholders of record on Monday, March 3rd were given 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 yield of 6.52%. Delek US’s payout ratio is currently -11.54%.

Analyst Ratings Changes

DK has been the subject of several recent research reports. JPMorgan Chase & Co. lifted 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. Morgan Stanley cut their target price on shares of Delek US from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Friday. Piper Sandler cut their target price on shares of Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Wells Fargo & Company cut their price target 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. Finally, Mizuho cut their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Five analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.30.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Clifford Capital Partners LLC acquired a new position in Delek US in the third quarter valued at about $7,504,000. JPMorgan Chase & Co. increased its stake in Delek US by 76.8% during the third quarter. JPMorgan Chase & Co. now owns 482,169 shares of the oil and gas company’s stock worth $9,041,000 after purchasing an additional 209,474 shares during the period. Geode Capital Management LLC increased its stake in Delek US by 4.5% during the third quarter. Geode Capital Management LLC now owns 1,459,301 shares of the oil and gas company’s stock worth $27,368,000 after purchasing an additional 63,502 shares during the period. Summit Trail Advisors LLC purchased a new stake in Delek US during the fourth quarter worth about $565,000. Finally, DRW Securities LLC purchased a new stake in Delek US during the third quarter worth about $1,782,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.