Zacks Research Comments on Delek US FY2028 Earnings

Delek US Holdings, Inc. (NYSE:DK) – Investment analysts at Zacks Research issued their FY2028 earnings per share (EPS) estimates for shares of Delek US in a research report issued to clients and investors on Friday, March 20th. Zacks Research analyst Team expects that the oil and gas company will earn $0.19 per share for the year. The consensus estimate for Delek US’s current full-year earnings is ($5.50) per share.

A number of other brokerages have also recently commented on DK. Morgan Stanley dropped their target price on shares of Delek US from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 27th. Piper Sandler lowered their price target on shares of Delek US from $47.00 to $40.00 and set a “neutral” rating for the company in a research report on Thursday, January 8th. Scotiabank set a $34.00 price objective on shares of Delek US in a research note on Friday, January 16th. TD Cowen upped their price objective on shares of Delek US from $28.00 to $44.00 and gave the stock a “hold” rating in a report on Thursday, March 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 15th. Four equities 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 company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $39.69.

Delek US Price Performance

DK opened at $45.89 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.53 and a debt-to-equity ratio of 5.89. The company has a market cap of $2.74 billion, a price-to-earnings ratio of -131.10 and a beta of 0.75. The stock has a fifty day simple moving average of $35.46 and a two-hundred day simple moving average of $34.69. Delek US has a 12-month low of $11.02 and a 12-month high of $46.90.

Delek US (NYSE:DK) last released its earnings results on Friday, February 27th. The oil and gas company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.63. The company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.55 billion. Delek US had a negative return on equity of 13.55% and a negative net margin of 0.21%.The firm’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the business posted ($2.54) EPS.

Institutional Investors Weigh In On Delek US

Several institutional investors and hedge funds have recently added to or reduced their stakes in DK. Caitong International Asset Management Co. Ltd raised its stake in Delek US by 95.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after buying an additional 432 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of Delek US in the 3rd quarter worth $27,000. EverSource Wealth Advisors LLC boosted its stake in shares of Delek US by 173.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock worth $29,000 after buying an additional 614 shares during the last quarter. Torren Management LLC bought a new stake in shares of Delek US in the fourth quarter worth $40,000. Finally, Focus Partners Wealth bought a new stake in shares of Delek US in the third quarter worth $44,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Insiders Place Their Bets

In other Delek US news, EVP Denise Clark Mcwatters sold 11,988 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $41.33, for a total value of $495,464.04. Following the completion of the transaction, the executive vice president owned 74,196 shares of the company’s stock, valued at approximately $3,066,520.68. The trade was a 13.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Reuven Spiegel sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $42.84, for a total transaction of $856,800.00. Following the sale, the executive vice president directly owned 48,530 shares in the company, valued at approximately $2,079,025.20. The trade was a 29.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 172,095 shares of company stock worth $7,257,409 in the last quarter. Insiders own 3.56% of the company’s stock.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 2.2%. The ex-dividend date was Monday, March 2nd. Delek US’s dividend payout ratio (DPR) is presently -291.43%.

About Delek US

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.