DK Stock Summary and Trading Ideas (Delek US Hldgs | NYSE:DK)

Delek US Holdings Inc is an integrated energy business focused on petroleum refining, transportation and storage; wholesale crude oil, intermediate, and refined products, and convenience stores retailing. The company owns and operates independent refineries that produce a variety of petroleum products for transportation and industrial markets in the United States. Delek's logistics segment sells portions of the petroleum products its refineries produce. The logistics segment generates revenue through gathering, transporting, and storing crude oil and intermediate products, as well as by marketing, storing, and distributing refined products. The company also offers a collection of retail fuel and convenience stores operating in the Southeast region of the United States.

Delek US Hldgs trades on the NYSE stock market under the symbol DK.

As of April 19, 2024, DK stock price climbed to $29.67 with 490,677 million shares trading.

DK has a beta of 0.35, meaning it tends to be less sensitive to market movements. DK has a correlation of 0.01 to the broad based SPY ETF.

DK has a market cap of $1.90 billion. This is considered a Small Cap stock.

Last quarter Delek US Hldgs reported $4 billion in Revenue and -$1.46 earnings per share. This beat revenue expectation by $499 million and missed earnings estimates by -$.19.

In the last 3 years, DK stock traded as high as $35.45 and as low as $13.48.

The top ETF exchange traded funds that DK belongs to (by Net Assets): VTI, XOP, VB, IWM, VBR.

DK has outperformed the market in the last year with a return of +35.7%, while the SPY ETF gained +21.2%. In the last 3 month period, DK beat the market returning +24.2%, while SPY returned +4.3%. However, in the most recent 2 weeks DK has underperformed the stock market by returning -9.5%, while SPY returned -3.5%.

DK support price is $28.83 and resistance is $30.07 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DK stock will trade within this expected range on the day.