Zacks Research Comments on Delek US FY2027 Earnings

Delek US Holdings, Inc. (NYSE:DK) – Zacks Research issued their FY2027 earnings per share estimates for shares of Delek US in a research report issued on Monday, March 17th. Zacks Research analyst R. Department forecasts that the oil and gas company will earn $2.76 per share for the year. The consensus estimate for Delek US’s current full-year earnings is ($5.50) per share.

DK has been the topic of several other research reports. Wells Fargo & Company reduced their price target on shares of Delek US from $17.00 to $15.00 and set an “underweight” rating on the stock in a research report on Wednesday, February 26th. JPMorgan Chase & Co. raised their price target on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Piper Sandler reduced their price objective on Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Finally, Morgan Stanley lowered their price objective on Delek US from $19.00 to $18.00 and set an “underweight” rating for the company in a research report on Friday, March 14th. Five equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.30.

Delek US Stock Up 5.5 %

Shares of DK opened at $17.16 on Wednesday. The business’s 50 day simple moving average is $17.49 and its 200-day simple moving average is $18.02. Delek US has a one year low of $13.40 and a one year high of $33.60. The company has a market capitalization of $1.07 billion, a P/E ratio of -3.53 and a beta of 1.14. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67.

Delek US (NYSE:DK) last posted its earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing the consensus estimate of ($1.53) by ($1.01). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the previous year, the company posted ($1.46) EPS. The firm’s revenue for the quarter was down 39.8% compared to the same quarter last year.

Institutional Trading of Delek US

Several hedge funds have recently bought and sold shares of DK. Rafferty Asset Management LLC lifted its holdings in shares of Delek US by 0.7% in the fourth quarter. Rafferty Asset Management LLC now owns 114,701 shares of the oil and gas company’s stock valued at $2,122,000 after purchasing an additional 797 shares in the last quarter. Sei Investments Co. grew its stake in shares of Delek US by 2.3% during the 4th quarter. Sei Investments Co. now owns 52,595 shares of the oil and gas company’s stock worth $973,000 after acquiring an additional 1,192 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Delek US by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,088 shares of the oil and gas company’s stock worth $668,000 after purchasing an additional 1,227 shares in the last quarter. Orion Portfolio Solutions LLC boosted its holdings in Delek US by 7.6% during the third quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company’s stock worth $342,000 after purchasing an additional 1,292 shares during the last quarter. Finally, Sterling Capital Management LLC increased its stake in Delek US by 728.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,491 shares of the oil and gas company’s stock valued at $28,000 after buying an additional 1,311 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Delek US news, CFO Mark Wayne Hobbs purchased 2,800 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were bought at an average price of $13.70 per share, with a total value of $38,360.00. Following the completion of the transaction, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60. This trade represents a 6.04 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have bought 5,055 shares of company stock worth $70,787. Company insiders own 1.80% of the company’s stock.

Delek US Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US’s dividend payout ratio is currently -11.54%.

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.