Zacks Research Weighs in on Delek US FY2028 Earnings

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

Several other research firms have also recently commented on DK. Piper Sandler lowered their price target on Delek US from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. TD Cowen increased 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. Scotiabank set a $34.00 target price on shares of Delek US in a report on Friday, January 16th. Morgan Stanley dropped their price target on shares of Delek US from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 27th. Finally, Citigroup cut their price target on shares of Delek US from $37.00 to $33.00 and set a “neutral” rating on the stock in a research note on Monday, January 26th. Four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $39.69.

Delek US Price Performance

DK stock opened at $42.31 on Monday. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of -120.88 and a beta of 0.75. The company has a quick ratio of 0.53, a current ratio of 0.82 and a debt-to-equity ratio of 5.89. Delek US has a 52-week low of $11.02 and a 52-week high of $46.81. The stock’s fifty day simple moving average is $35.14 and its 200-day simple moving average is $34.59.

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

Institutional Trading of Delek US

Several large investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new position in shares of Delek US during the third quarter worth $27,000. Caitong International Asset Management Co. Ltd grew its holdings 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 purchasing an additional 432 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Delek US by 173.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 614 shares in the last quarter. Torren Management LLC purchased a new stake in Delek US during the 4th quarter worth $40,000. Finally, Focus Partners Wealth purchased a new stake in Delek US during the 3rd quarter worth $44,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Activity

In related news, EVP Reuven Spiegel sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was 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. This trade represents a 29.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Joseph Israel sold 38,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $40.65, for a total value of $1,544,700.00. Following the transaction, the executive vice president directly owned 55,623 shares in the company, valued at $2,261,074.95. This trade represents a 40.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 9th. Investors of record on Monday, March 2nd were given a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, March 2nd. Delek US’s dividend payout ratio is -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.