Delek US (NYSE:DK) Stock Passes Above 200 Day Moving Average - What's Next?

Key Points

• Delek US Holdings, Inc. (NYSE:DK) recently surpassed its 200-day moving average, trading at $34.19, significantly above its average of $22.22.
• Recent analyst reports show a range of price targets for Delek US, with Goldman Sachs raising their target from $25.00 to $28.00, while Raymond James Financial increased theirs from $26.00 to $33.00.
• The company announced a quarterly dividend of $0.255, representing a 3.0% yield, despite having a negative dividend payout ratio of -8.30%.

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.22 and traded as high as $35.39. Delek US shares last traded at $34.19, with a volume of 924,723 shares changing hands.

Wall Street Analyst Weigh In

DK has been the topic of a number of research reports. The Goldman Sachs Group upped their target price on Delek US from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Monday, September 15th. Wall Street Zen upgraded Delek US from a "sell" rating to a "hold" rating in a report on Friday, October 3rd. UBS Group upped their price objective on shares of Delek US from $24.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, September 2nd. Raymond James Financial upped their price objective on shares of Delek US from $26.00 to $33.00 and gave the company an "outperform" rating in a research note on Tuesday, September 9th. Finally, Morgan Stanley set a $34.00 price target on shares of Delek US and gave the stock an "equal weight" rating in a research note on Friday, October 3rd. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $29.69.

Delek US Stock Performance

The company has a current ratio of 0.80, a quick ratio of 0.50 and a debt-to-equity ratio of 10.48. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of -2.78 and a beta of 1.01. The stock has a fifty day moving average price of $28.98 and a 200 day moving average price of $22.22.

Delek US (NYSE:DK - Get Free Report) last posted its earnings results on Tuesday, December 6th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. Delek US had a negative net margin of 7.11% and a negative return on equity of 79.27%. The business had revenue of $2.96 billion for the quarter. As a group, analysts predict that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were issued a $0.255 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.02 dividend on an annualized basis and a yield of 3.0%. Delek US's dividend payout ratio (DPR) is -8.30%.

Insider Transactions at Delek US

In other Delek US news, CFO Robert G. Wright sold 7,135 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $29.24, for a total value of $208,627.40. Following the sale, the chief financial officer owned 48,294 shares of the company's stock, valued at $1,412,116.56. This trade represents a 12.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Delek US

A number of institutional investors have recently added to or reduced their stakes in the company. CWM LLC boosted its stake in Delek US by 121.4% during the third quarter. CWM LLC now owns 8,044 shares of the oil and gas company's stock worth $260,000 after buying an additional 4,410 shares in the last quarter. Orion Porfolio Solutions LLC boosted its position in shares of Delek US by 2.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company's stock valued at $492,000 after acquiring an additional 507 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Delek US during the 2nd quarter valued at about $1,066,000. CANADA LIFE ASSURANCE Co boosted its position in shares of Delek US by 8.8% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 11,782 shares of the oil and gas company's stock valued at $250,000 after acquiring an additional 955 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Delek US by 216.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,561 shares of the oil and gas company's stock valued at $287,000 after acquiring an additional 9,280 shares in the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.

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