Delek US Holdings, Inc. (NYSE:DK) insider Assi Ginzburg sold 20,000 shares of Delek US Holdings stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $28.00, for a total transaction of $560,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Delek US Holdings, Inc. (NYSE:DK) traded up $1.91 on Friday, reaching $27.96. 1,009,437 shares of the company’s stock were exchanged, compared to its average volume of 688,032.
Delek US Holdings (NYSE:DK) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.40) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.37). Delek US Holdings had a negative net margin of 3.15% and a negative return on equity of 4.60%. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $944.29 million. During the same period in the previous year, the firm posted ($0.08) EPS. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. equities analysts predict that Delek US Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently bought and sold shares of DK. Amalgamated Bank acquired a new stake in shares of Delek US Holdings in the second quarter valued at approximately $207,000. Aperio Group LLC acquired a new stake in shares of Delek US Holdings in the third quarter valued at approximately $236,000. Airain ltd acquired a new stake in shares of Delek US Holdings in the second quarter valued at approximately $244,000. SG Americas Securities LLC acquired a new stake in shares of Delek US Holdings in the second quarter valued at approximately $245,000. Finally, Virtu Financial LLC acquired a new stake in shares of Delek US Holdings in the second quarter valued at approximately $252,000. Institutional investors own 97.01% of the company’s stock.
Several research analysts recently weighed in on DK shares. Zacks Investment Research raised shares of Delek US Holdings from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Friday, July 21st. Royal Bank Of Canada reissued a “buy” rating and set a $32.00 price objective on shares of Delek US Holdings in a research note on Friday, September 8th. BidaskClub lowered shares of Delek US Holdings from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 16th. Scotiabank reissued a “hold” rating and set a $26.00 price objective on shares of Delek US Holdings in a research note on Friday, September 8th. Finally, Wolfe Research raised shares of Delek US Holdings from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 25th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Delek US Holdings presently has a consensus rating of “Hold” and an average target price of $29.10.
About Delek US Holdings
Delek US Holdings, Inc is a diversified downstream energy company. The Company has a broad platform consisting of refining, logistics, retail and wholesale marketing, renewables and asphalt operations. It operates through five segments: refining, logistics, asphalt, renewable and retail. Its refining assets consist of refineries operated in Tyler and Big Spring, Texas, El Dorado, Arkansas and Krotz Springs, Louisiana with a combined nameplate crude throughput capacity of 302,000 barrels per day.
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