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Tuesday, January 31, 2023

Delek US Holdings Inc. (NYSE: DK) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Delek US Holdings Inc. (DK) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.90, or 3.70%, to $25.25. The Delek US Holdings Inc. has recorded 127,817 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Delek Releases 2021-2022 Sustainability Report.


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Stocks Info

Delek US Holdings Inc. is listed on the NYSE as a member of the Energy sector and is a part of the Oil & Gas Refining & Marketing industry. At the end of the last regular session, the stock closed at $24.35 and fluctuated between $25.50 as its day high and $24.11 as its day low. The current market capitalization of Delek US Holdings Inc. is $1.74B. A total of 1.89 million shares were traded on the day, compared to an average of 1.31M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, DK has seen 0 BUY and 6 SELL insider trades, representing the acquisition of 0 and the disposition of 13,958 shares. Over the last 12 months, there were 13 BUYs and 19 SELLs from insiders. Insiders purchased 219,160 shares during that period but sold 49,516.

In the most recent transaction, Delek US Holdings, Inc. sold 10,561 shares of DK for 40.27 per share on Mar 18. After the transaction, the Director now owns 34,311,278 company shares. In a previous transaction on Mar 16, Delek US Holdings, Inc. sold 68 shares at 40.09 per share. DK shares that Director owns now total 34,332,400.

Among the insiders who sold shares, Delek US Holdings, Inc. disposed of 11,224 shares on Mar 15 at a per-share price of $40.15. This resulted in the Director holding 34,321,839 shares of DK after the transaction. In another insider transaction, Delek US Holdings, Inc. sold 5,463 shares at $40.27 per share on Mar 14. Company shares held by the Director now total 34,333,131.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Delek US Holdings Inc. pays an annual dividend of $0.84, resulting in a dividend yield of 3.45%, and it has a price to earnings (P/E) ratio of 5.21. DK’s most recent ex-dividend date was 11/17/2022 when it declared a $0.21 quarterly dividend that was paid in cash on 12/2/2022. Previously, the company paid the dividend on 9/6/2022 with an ex-dividend date of 8/19/2022. The DK stock dividend was $0.20 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for DK in the last 3 months, the mean price target is $32.85 with high estimates of $49.00 and low estimates of $24.00. In terms of 52-week highs and lows, DK has a high of $35.45 and a low of $14.59.

As of this writing, DK has an earnings estimate of $0.46 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $3.2 per share and a lower estimate of -$0.25. The company reported an EPS of $0.58 in the last quarter, which was 583.30% higher than expectations of -$0.12.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 14 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DK is Hold with a score of 2.75. A total of 4 analysts rated the stock as Buy while 1 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 3 thought it should be Sold.

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