Zacks Research Analysts Reduce Earnings Estimates for Delek US Holdings, Inc. (NYSE:DK)

Delek US Holdings, Inc. (NYSE:DKFree Report) – Investment analysts at Zacks Research cut their Q2 2024 earnings estimates for Delek US in a report issued on Friday, May 24th. Zacks Research analyst R. Department now expects that the oil and gas company will post earnings of $0.73 per share for the quarter, down from their previous forecast of $0.76. The consensus estimate for Delek US’s current full-year earnings is $1.19 per share. Zacks Research also issued estimates for Delek US’s Q3 2024 earnings at $0.85 EPS, Q4 2024 earnings at ($0.34) EPS, FY2024 earnings at $0.87 EPS, Q1 2025 earnings at $0.07 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.43 EPS, Q1 2026 earnings at ($0.11) EPS and FY2026 earnings at ($0.67) EPS.

Several other research firms also recently issued reports on DK. Wells Fargo & Company increased their target price on Delek US from $21.00 to $26.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 20th. JPMorgan Chase & Co. cut their price objective on Delek US from $26.00 to $25.00 and set an “underweight” rating for the company in a report on Tuesday, May 21st. Piper Sandler decreased their price objective on Delek US from $31.00 to $30.00 and set a “neutral” rating on the stock in a report on Tuesday, May 14th. Mizuho lifted their target price on shares of Delek US from $30.00 to $31.00 and gave the stock an “underperform” rating in a research note on Monday, May 13th. Finally, StockNews.com cut Delek US from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $28.50.

Get Our Latest Research Report on DK

Delek US Price Performance

Delek US stock opened at $27.45 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 2.40. The company has a market cap of $1.76 billion, a price-to-earnings ratio of -22.14 and a beta of 1.34. Delek US has a 12 month low of $21.39 and a 12 month high of $33.60. The business’s 50 day simple moving average is $29.48 and its 200 day simple moving average is $27.63.

Delek US (NYSE:DKGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The oil and gas company reported ($0.41) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.15. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.28 billion. Delek US had a positive return on equity of 7.37% and a negative net margin of 0.48%. Delek US’s revenue was down 17.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.37 earnings per share.

Delek US Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 17th were paid a dividend of $0.25 per share. This is an increase from Delek US’s previous quarterly dividend of $0.25. This represents a $1.00 annualized dividend and a dividend yield of 3.64%. The ex-dividend date was Thursday, May 16th. Delek US’s payout ratio is presently -80.65%.

Hedge Funds Weigh In On Delek US

Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Delek US by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,139,059 shares of the oil and gas company’s stock worth $106,790,000 after acquiring an additional 59,537 shares during the period. River Road Asset Management LLC grew its position in Delek US by 510.1% during the 4th quarter. River Road Asset Management LLC now owns 3,747,111 shares of the oil and gas company’s stock worth $96,675,000 after purchasing an additional 3,132,971 shares during the period. International Assets Investment Management LLC raised its stake in shares of Delek US by 2,421.9% during the 4th quarter. International Assets Investment Management LLC now owns 937,785 shares of the oil and gas company’s stock valued at $24,195,000 after buying an additional 900,600 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Delek US by 3.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 777,576 shares of the oil and gas company’s stock valued at $20,061,000 after buying an additional 23,509 shares during the last quarter. Finally, UBS Group AG lifted its holdings in shares of Delek US by 3.6% in the 3rd quarter. UBS Group AG now owns 719,310 shares of the oil and gas company’s stock valued at $20,436,000 after buying an additional 24,695 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

About Delek US

(Get Free Report)

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.

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Earnings History and Estimates for Delek US (NYSE:DK)

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