Delek US (NYSE:DK) Posts Earnings Results, Beats Estimates By $0.15 EPS

Delek US (NYSE:DK) posted its quarterly earnings data on Tuesday. The oil and gas company reported ($0.41) EPS for the quarter, beating the consensus estimate of ($0.56) by $0.15, Briefing.com reports. Delek US had a return on equity of 18.27% and a net margin of 0.12%. The firm had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the prior year, the business earned $1.37 EPS. The firm’s revenue was down 17.8% compared to the same quarter last year.

Delek US Stock Up 0.5 %

Shares of NYSE:DK traded up $0.15 during trading on Wednesday, hitting $28.07. The company’s stock had a trading volume of 687,553 shares, compared to its average volume of 1,032,011. The stock’s 50-day moving average price is $29.12 and its two-hundred day moving average price is $27.44. Delek US has a fifty-two week low of $20.89 and a fifty-two week high of $33.60. The company has a market capitalization of $1.80 billion, a PE ratio of 126.95 and a beta of 1.34. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.63 and a current ratio of 0.99.

Delek US Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 17th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, May 16th. This is an increase from Delek US’s previous quarterly dividend of $0.25. This represents a $1.00 annualized dividend and a dividend yield of 3.56%. Delek US’s dividend payout ratio (DPR) is currently 454.55%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. TD Cowen cut their price objective on shares of Delek US from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Wednesday. Bank of America raised their price target on Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Wells Fargo & Company increased their price target on shares of Delek US from $21.00 to $26.00 and gave the company an “underweight” rating in a report on Wednesday, March 20th. Citigroup started coverage on shares of Delek US in a research report on Wednesday, January 24th. They set a “neutral” rating for the company. Finally, StockNews.com downgraded shares of Delek US from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $28.67.

Insider Transactions at Delek US

In other news, CFO Robert G. Wright sold 2,123 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $28.50, for a total transaction of $60,505.50. Following the transaction, the chief financial officer now owns 18,925 shares of the company’s stock, valued at $539,362.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 4,976 shares of company stock valued at $141,243. 1.80% of the stock is currently owned by corporate insiders.

About Delek US

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.