David Wiessman Sells 84,121 Shares of Delek US Holdings, Inc. (DK) Stock

Delek US Holdings, Inc. (NYSE:DK) Director David Wiessman sold 84,121 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $33.07, for a total transaction of $2,781,881.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Delek US Holdings, Inc. (NYSE:DK) opened at $32.50 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.49 and a debt-to-equity ratio of 0.63. The firm has a market cap of $2,705.84, a price-to-earnings ratio of 255.54, a price-to-earnings-growth ratio of 5.19 and a beta of 2.01. Delek US Holdings, Inc. has a twelve month low of $20.65 and a twelve month high of $33.74.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 22nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $0.60 annualized dividend and a yield of 1.85%. Delek US’s dividend payout ratio (DPR) is presently 37.97%.

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Delek US by 19,567.7% during the first quarter. BlackRock Inc. now owns 3,861,746 shares of the oil and gas company’s stock worth $93,726,000 after acquiring an additional 3,842,111 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of Delek US by 315.5% during the third quarter. Point72 Asset Management L.P. now owns 2,790,717 shares of the oil and gas company’s stock worth $74,596,000 after acquiring an additional 2,119,017 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Delek US by 35.1% during the third quarter. Dimensional Fund Advisors LP now owns 7,058,494 shares of the oil and gas company’s stock worth $188,672,000 after acquiring an additional 1,833,630 shares during the period. Vanguard Group Inc. raised its holdings in shares of Delek US by 33.7% during the second quarter. Vanguard Group Inc. now owns 6,958,487 shares of the oil and gas company’s stock worth $183,982,000 after acquiring an additional 1,753,373 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Delek US by 67.0% during the second quarter. JPMorgan Chase & Co. now owns 2,415,921 shares of the oil and gas company’s stock worth $63,877,000 after acquiring an additional 969,671 shares during the period. Institutional investors own 93.27% of the company’s stock.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Delek US from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a research note on Friday, November 10th. Wells Fargo & Company reaffirmed a “positive” rating on shares of Delek US in a research note on Thursday, November 23rd. Tudor Pickering upgraded shares of Delek US from a “hold” rating to a “buy” rating in a report on Friday, November 17th. Royal Bank Of Canada reiterated a “buy” rating and issued a $32.00 target price on shares of Delek US in a report on Friday, September 8th. Finally, Cowen reiterated a “buy” rating and issued a $33.00 target price on shares of Delek US in a report on Friday, November 10th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $30.83.

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Delek US Company Profile

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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