Scotiabank Weighs in on Delek US’s FY2025 Earnings (NYSE:DK)

Delek US Holdings, Inc. (NYSE:DK) – Equities research analysts at Scotiabank reduced their FY2025 earnings per share (EPS) estimates for shares of Delek US in a report issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now forecasts that the oil and gas company will earn ($3.35) per share for the year, down from their prior forecast of ($3.00). The consensus estimate for Delek US’s current full-year earnings is ($5.50) per share. Scotiabank also issued estimates for Delek US’s FY2026 earnings at ($1.40) EPS.

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

Other equities analysts have also issued reports about the company. Piper Sandler cut their target price on Delek US from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. JPMorgan Chase & Co. upped their target price on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Mizuho cut their target price on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Wells Fargo & Company upped their target price on Delek US from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday. Finally, Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Five analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, Delek US currently has an average rating of “Hold” and an average price target of $20.40.

Delek US Stock Performance

Shares of DK opened at $16.98 on Monday. The business’s 50 day moving average is $17.43 and its two-hundred day moving average is $17.96. Delek US has a 52-week low of $13.40 and a 52-week high of $33.60. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -3.49 and a beta of 1.14. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Ion Asset Management Ltd. grew its stake in shares of Delek US by 16.5% in the fourth quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company’s stock worth $63,918,000 after purchasing an additional 488,509 shares in the last quarter. State Street Corp grew its stake in shares of Delek US by 8.0% in the third quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company’s stock worth $56,612,000 after purchasing an additional 223,110 shares in the last quarter. Rubric Capital Management LP bought a new position in shares of Delek US in the third quarter worth $37,500,000. Barclays PLC grew its stake in shares of Delek US by 23.1% in the fourth quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company’s stock worth $34,078,000 after purchasing an additional 345,210 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Delek US by 47.3% in the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock worth $32,021,000 after purchasing an additional 548,777 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Mark Wayne Hobbs acquired 2,800 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the purchase, the chief financial officer now directly owns 49,138 shares in the company, valued at $673,190.60. This represents a 6.04 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders purchased a total of 5,055 shares of company stock worth $70,787 in the last three months. 1.80% of the stock is owned by insiders.

Delek US Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were paid a dividend of $0.255 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 6.01%. Delek US’s payout ratio is currently -11.54%.

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.