Zacks Research Has Bullish Forecast for Delek US Q2 Earnings

Delek US Holdings, Inc. (NYSE:DK) – Stock analysts at Zacks Research increased their Q2 2027 EPS estimates for Delek US in a research report issued on Monday, July 13th. Zacks Research analyst Team now expects that the oil and gas company will earn $0.61 per share for the quarter, up from their previous estimate of $0.56. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for Delek US’s current full-year earnings is $6.08 per share. Zacks Research also issued estimates for Delek US’s Q3 2027 earnings at $0.31 EPS and Q2 2028 earnings at $0.21 EPS.

Delek US (NYSE:DK) last released its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.42) by $1.50. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.33 billion. During the same period last year, the business earned ($2.32) EPS. The company’s revenue was up .4% compared to the same quarter last year.

Several other research firms have also issued reports on DK. Mizuho lifted their price target on shares of Delek US from $54.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, May 27th. JPMorgan Chase & Co. boosted their target price on Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a research note on Tuesday. Wall Street Zen upgraded Delek US from a “buy” rating to a “strong-buy” rating in a research note on Monday, May 18th. Wells Fargo & Company upped their price objective on shares of Delek US from $54.00 to $59.00 and gave the company an “overweight” rating in a report on Tuesday, March 31st. Finally, Raymond James Financial increased their price objective on shares of Delek US from $60.00 to $70.00 and gave the company an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned 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 a consensus price target of $49.15.

Delek US Trading Up 3.2%

NYSE DK opened at $61.51 on Wednesday. Delek US has a 52 week low of $19.81 and a 52 week high of $62.53. The company has a 50 day moving average price of $47.96 and a 200 day moving average price of $40.98. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 10.51. The firm has a market cap of $3.77 billion, a PE ratio of -67.60, a price-to-earnings-growth ratio of 0.33 and a beta of 0.58.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 1st were given a $0.255 dividend. The ex-dividend date was Friday, May 1st. This represents a $1.02 dividend on an annualized basis and a yield of 1.7%. Delek US’s dividend payout ratio is currently -112.09%.

Insider Buying and Selling

In related news, EVP Robert G. Wright sold 10,720 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $47.07, for a total value of $504,590.40. Following the transaction, the executive vice president owned 48,148 shares in the company, valued at approximately $2,266,326.36. This represents a 18.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William J. Finnerty sold 5,000 shares of Delek US stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $51.50, for a total transaction of $257,500.00. Following the sale, the director owned 34,805 shares of the company’s stock, valued at approximately $1,792,457.50. The trade was a 12.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 39,270 shares of company stock worth $1,828,718 in the last quarter. 3.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DK. Brown Brothers Harriman & Co. acquired a new stake in Delek US during the 3rd quarter worth about $27,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after buying an additional 432 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Delek US by 173.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock worth $29,000 after buying an additional 614 shares during the last quarter. Torren Management LLC acquired a new stake in Delek US during the fourth quarter worth about $40,000. Finally, Focus Partners Wealth acquired a new stake in Delek US during the third quarter worth about $44,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

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.