Zacks Research Comments on Delek US FY2027 Earnings

Delek US Holdings, Inc. (NYSE:DK) – Zacks Research issued their FY2027 earnings per share (EPS) estimates for Delek US in a report released on Monday, March 17th. Zacks Research analyst R. Department anticipates 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.

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

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company cut their price objective 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. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. lifted 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. Piper Sandler reduced their price target on Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Finally, Morgan Stanley lowered their price objective on shares of Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Five analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $20.30.

Delek US Stock Up 1.7 %

Delek US stock opened at $16.28 on Wednesday. The company has a 50 day moving average of $17.51 and a 200-day moving average of $18.03. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. Delek US has a twelve month low of $13.40 and a twelve month high of $33.60. The stock has a market capitalization of $1.02 billion, a PE ratio of -3.35 and a beta of 1.14.

Hedge Funds Weigh In On Delek US

Several institutional investors and hedge funds have recently modified their holdings of DK. Sterling Capital Management LLC lifted its position in shares of Delek US by 728.3% during 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 acquiring an additional 1,311 shares during the period. KBC Group NV raised its position in shares of Delek US by 66.3% in the 4th quarter. KBC Group NV now owns 3,859 shares of the oil and gas company’s stock valued at $71,000 after buying an additional 1,538 shares in the last quarter. ARS Investment Partners LLC bought a new stake in shares of Delek US during the 4th quarter worth approximately $185,000. Capstone Investment Advisors LLC acquired a new stake in shares of Delek US during the 3rd quarter worth approximately $193,000. Finally, Abel Hall LLC bought a new position in Delek US in the fourth quarter valued at approximately $196,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Delek US

In other news, CFO Mark Wayne Hobbs acquired 2,800 shares of the stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $13.70 per share, for a total transaction of $38,360.00. Following the transaction, the chief financial officer now directly owns 49,138 shares of the company’s stock, valued at approximately $673,190.60. This represents a 6.04 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders purchased 5,055 shares of company stock worth $70,787. 1.80% of the stock is owned by insiders.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US’s dividend payout ratio (DPR) is presently -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.