Delek US (NYSE:DK) Shares Cross Above 200-Day Moving Average – Time to Sell?

Delek US Holdings, Inc. (NYSE:DK) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DK shares. Wells Fargo & Company raised their price objective on shares of Delek US from $54.00 to $59.00 and gave the stock an “overweight” rating in a report on Tuesday, March 31st. Weiss Ratings cut shares of Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. The Goldman Sachs Group raised shares of Delek US from a “neutral” rating to a “buy” rating and increased their target price for the company from $43.00 to $55.00 in a research report on Friday, April 10th. Zacks Research lowered shares of Delek US from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, TD Cowen lowered their price target on shares of Delek US from $60.00 to $44.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $45.00.

Delek US Trading Up 1.0%

The firm has a fifty day moving average of $44.27 and a two-hundred day moving average of $38.65. The company has a market cap of $2.92 billion, a PE ratio of -52.37, a price-to-earnings-growth ratio of 0.31 and a beta of 0.60. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51.

Delek US (NYSE:DK) last announced its quarterly earnings data on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.42) by $1.50. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The firm’s quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the business posted ($2.32) EPS. As a group, sell-side analysts predict that Delek US Holdings, Inc. will post 5.26 EPS for the current year.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 1st were given a $0.255 dividend. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.02 annualized dividend and a dividend yield of 2.1%. Delek US’s payout ratio is -112.09%.

Insider Buying and Selling at Delek US

In related news, EVP Robert G. Wright sold 10,720 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $47.07, for a total value of $504,590.40. Following the completion of the transaction, the executive vice president directly owned 48,148 shares of the company’s stock, valued at approximately $2,266,326.36. This trade represents a 18.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Laurie Z. Tolson sold 4,921 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $46.30, for a total transaction of $227,842.30. Following the sale, the director directly owned 18,226 shares in the company, valued at $843,863.80. The trade was a 21.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 34,270 shares of company stock valued at $1,571,218. 3.56% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Delek US

Several hedge funds have recently made changes to their positions in the stock. ION Fund Management Ltd purchased a new stake in Delek US during the 4th quarter worth about $52,427,000. Norges Bank bought a new position in Delek US in the 4th quarter worth about $48,374,000. Arrowstreet Capital Limited Partnership grew its holdings in Delek US by 6,300.8% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,306,269 shares of the oil and gas company’s stock valued at $42,153,000 after buying an additional 1,285,861 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Delek US by 1,516.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 996,059 shares of the oil and gas company’s stock valued at $29,544,000 after buying an additional 934,448 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of Delek US by 1,173.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company’s stock valued at $28,322,000 after buying an additional 879,900 shares during the period. 97.01% of the stock is currently owned by hedge funds and other 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.