Delek US (NYSE:DK) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Shares of Delek US Holdings, Inc. (NYSE:DK) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $38.65 and traded as high as $47.87. Delek US shares last traded at $47.66, with a volume of 2,149,002 shares changing hands.

Analysts Set New Price Targets

A number of research firms have recently commented on DK. Raymond James Financial boosted their price target on Delek US from $47.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, March 25th. Weiss Ratings lowered Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. UBS Group lifted their target price on Delek US from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, April 10th. Wall Street Zen raised Delek US from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 18th. Finally, TD Cowen reduced their price target on shares of Delek US from $60.00 to $44.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. Five research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $45.00.

Delek US Stock Up 1.0%

The company has a debt-to-equity ratio of 10.51, a quick ratio of 0.49 and a current ratio of 0.76. The stock’s fifty day simple moving average is $44.27 and its two-hundred day simple moving average is $38.65. The stock has a market capitalization of $2.92 billion, a P/E ratio of -52.37, a price-to-earnings-growth ratio of 0.30 and a beta of 0.60.

Delek US (NYSE:DK) last released its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.42) by $1.50. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.33 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The company’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the firm earned ($2.32) earnings per share. As a group, research analysts expect that Delek US Holdings, Inc. will post 5.26 EPS for the current fiscal year.

Delek US Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 1st were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, May 1st. Delek US’s dividend payout ratio is presently -112.09%.

Insider Buying and Selling

In other Delek US news, EVP Robert G. Wright sold 10,720 shares of Delek US stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $47.07, for a total transaction of $504,590.40. Following the transaction, the executive vice president directly owned 48,148 shares of the company’s stock, valued at approximately $2,266,326.36. The trade was a 18.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Laurie Z. Tolson sold 4,921 shares of the company’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $46.30, for a total value of $227,842.30. Following the completion of the sale, the director owned 18,226 shares in the company, valued at $843,863.80. This trade represents a 21.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 34,270 shares of company stock valued at $1,571,218 over the last 90 days. 3.56% of the stock is owned by corporate insiders.

Institutional Trading of Delek US

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in Delek US by 18.4% during the 1st quarter. Royal Bank of Canada now owns 278,774 shares of the oil and gas company’s stock worth $4,201,000 after purchasing an additional 43,379 shares during the last quarter. AQR Capital Management LLC acquired a new position in shares of Delek US in the 1st quarter worth approximately $390,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Delek US by 3.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,190 shares of the oil and gas company’s stock valued at $560,000 after purchasing an additional 1,102 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Delek US by 3,979.8% in the 1st quarter. Jones Financial Companies Lllp now owns 20,399 shares of the oil and gas company’s stock valued at $307,000 after purchasing an additional 19,899 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Delek US by 7.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 146,871 shares of the oil and gas company’s stock worth $2,213,000 after buying an additional 9,827 shares during the period. 97.01% of the stock is currently owned by institutional investors.

Delek US Company Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.