Brokers Set Expectations for Delek US FY2028 Earnings

Delek US Holdings, Inc. (NYSE:DK) – Equities researchers at Zacks Research issued their FY2028 EPS estimates for shares of Delek US in a research report issued to clients and investors on Friday, March 20th. Zacks Research analyst Team anticipates that the oil and gas company will earn $0.19 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 released its earnings results on Friday, February 27th. The oil and gas company reported $0.44 EPS for the quarter, topping 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 company had revenue of $2.43 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter last year, the business earned ($2.54) EPS. The business’s revenue was up 2.3% on a year-over-year basis.

A number of other equities research analysts have also weighed in on DK. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Delek US in a report on Wednesday, January 21st. Morgan Stanley cut their target price on Delek US from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 27th. Scotiabank set a $34.00 price target on Delek US in a report on Friday, January 16th. JPMorgan Chase & Co. decreased their price target on Delek US from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Thursday, January 15th. Finally, Piper Sandler dropped their price objective on Delek US from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $39.69.

Delek US Trading Down 1.0%

NYSE DK opened at $44.17 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.82 and a debt-to-equity ratio of 5.89. The stock has a market capitalization of $2.64 billion, a P/E ratio of -126.19 and a beta of 0.75. Delek US has a 52-week low of $11.02 and a 52-week high of $46.81. The firm has a 50-day moving average price of $34.88 and a 200 day moving average price of $34.52.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 9th. Stockholders 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 dividend yield of 2.3%. The ex-dividend date was Monday, March 2nd. Delek US’s dividend payout ratio (DPR) is presently -291.43%.

Insider Buying and Selling at Delek US

In related news, EVP Denise Clark Mcwatters sold 11,988 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $41.33, for a total value of $495,464.04. Following the completion of the transaction, the executive vice president directly owned 74,196 shares of the company’s stock, valued at $3,066,520.68. This trade represents a 13.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Shlomo Zohar sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $41.47, for a total value of $207,350.00. Following the completion of the transaction, the director directly owned 13,989 shares of the company’s stock, valued at $580,123.83. The trade was a 26.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 164,752 shares of company stock worth $6,919,631. Corporate insiders own 3.56% of the company’s stock.

Institutional Trading of Delek US

Large investors have recently bought and sold shares of the company. Thoroughbred Financial Services LLC raised its stake in shares of Delek US by 1.3% during the 4th quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock worth $805,000 after buying an additional 348 shares during the last quarter. New York State Common Retirement Fund grew its stake in Delek US by 1.8% in the 4th quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock valued at $654,000 after acquiring an additional 400 shares during the last quarter. Aster Capital Management DIFC Ltd grew its stake in Delek US by 23.2% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock valued at $67,000 after acquiring an additional 425 shares during the last quarter. Caitong International Asset Management Co. Ltd increased 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 acquiring an additional 432 shares in the last quarter. Finally, Orion Porfolio Solutions LLC increased its holdings in Delek US by 2.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock valued at $492,000 after acquiring an additional 507 shares in the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

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.