Zacks Research Comments on Delek US Holdings, Inc.’s Q3 2024 Earnings (NYSE:DK)

Delek US Holdings, Inc. (NYSE:DK) – Equities researchers at Zacks Research cut their Q3 2024 earnings estimates for shares of Delek US in a research note issued to investors on Thursday, April 25th. Zacks Research analyst R. Department now anticipates that the oil and gas company will post earnings per share of $0.71 for the quarter, down from their prior estimate of $0.82. The consensus estimate for Delek US’s current full-year earnings is $1.43 per share. Zacks Research also issued estimates for Delek US’s Q1 2025 earnings at $0.04 EPS and Q3 2025 earnings at $0.31 EPS.

Other analysts have also recently issued reports about the stock. UBS Group lifted their price objective on shares of Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Thursday, April 4th. Bank of America lifted their price objective on shares of Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Friday, March 15th. Mizuho lifted their price objective on shares of Delek US from $26.00 to $30.00 and gave the company an “underperform” rating in a research note on Friday, March 22nd. Scotiabank lifted their target price on shares of Delek US from $25.00 to $27.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Finally, StockNews.com lowered shares of Delek US from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $28.56.

Delek US Stock Up 0.1 %

DK stock opened at $29.33 on Friday. The firm has a 50 day moving average of $29.15 and a 200 day moving average of $27.39. The stock has a market capitalization of $1.88 billion, a PE ratio of 133.32 and a beta of 1.32. The company has a quick ratio of 0.63, a current ratio of 0.99 and a debt-to-equity ratio of 2.66. Delek US has a 52 week low of $19.39 and a 52 week high of $33.60.

Delek US (NYSE:DK) last released its earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) EPS for the quarter, missing analysts’ consensus estimates of ($1.28) by ($0.18). The company had revenue of $4.05 billion during the quarter, compared to analyst estimates of $3.55 billion. Delek US had a return on equity of 18.27% and a net margin of 0.12%. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter last year, the business earned $0.88 earnings per share.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DK. AE Wealth Management LLC acquired a new position in Delek US in the third quarter valued at about $510,000. IFP Advisors Inc acquired a new position in Delek US in the third quarter valued at about $28,000. SG Americas Securities LLC acquired a new position in Delek US in the third quarter valued at about $295,000. Raymond James Financial Services Advisors Inc. acquired a new position in Delek US in the third quarter valued at about $307,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Delek US by 35.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,129 shares of the oil and gas company’s stock valued at $401,000 after buying an additional 3,711 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insiders Place Their Bets

In other Delek US news, CFO Robert G. Wright sold 2,123 shares of Delek US stock in a transaction on Monday, February 12th. The shares were sold at an average price of $28.50, for a total transaction of $60,505.50. Following the sale, the chief financial officer now owns 18,925 shares of the company’s stock, valued at approximately $539,362.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 4,976 shares of company stock valued at $141,243 in the last 90 days. 1.80% of the stock is owned by insiders.

Delek US Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, March 1st were paid a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 3.34%. The ex-dividend date was Thursday, February 29th. This is a boost from Delek US’s previous quarterly dividend of $0.24. Delek US’s payout ratio is 445.45%.

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.