Zacks Research Issues Positive Outlook for Delek US Earnings

Key Points

• Zacks Research raised Delek US’s Q1 2027 EPS estimate to $0.41 from $0.36 and maintained a “Strong Buy” rating. Full-year EPS consensus stands at $10.10.
• Delek US reported a major quarterly earnings beat, posting $5.48 EPS versus the $2.67 consensus estimate, while revenue rose 47.9% year over year to $4.09 billion.
• The stock opened at $70.78, near its 52-week high, while institutional investors own 97.01% of shares; CEO Avigal Soreq and another director were among insiders selling shares recently.

Delek US Holdings, Inc. (NYSE:DK - Free Report) - Stock analysts at Zacks Research raised their Q1 2027 earnings per share (EPS) estimates for Delek US in a report released on Wednesday, August 26th. Zacks Research analyst Team now expects that the oil and gas company will earn $0.41 per share for the quarter, up from their previous estimate of $0.36. Zacks Research has a "Strong-Buy" rating on the stock. The consensus estimate for Delek US's current full-year earnings is $10.10 per share.

Several other brokerages also recently commented on DK. Citigroup reaffirmed a "neutral" rating on shares of Delek US in a research note on Thursday, August 6th. TD Cowen upped their target price on shares of Delek US from $58.00 to $76.00 and gave the stock a "buy" rating in a research note on Tuesday, July 21st. The Goldman Sachs Group boosted their price objective on shares of Delek US from $73.00 to $83.00 and gave the stock a "buy" rating in a research report on Tuesday, August 18th. Wall Street Zen upgraded Delek US from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 9th. Finally, Weiss Ratings upgraded shares of Delek US from a "sell (d+)" rating to a "hold (c+)" rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $53.15.

Delek US Stock Up 4.7%

Delek US stock opened at $70.78 on Thursday. The company's 50 day simple moving average is $59.52 and its 200 day simple moving average is $48.31. Delek US has a fifty-two week low of $25.66 and a fifty-two week high of $72.00. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.47 and a beta of 0.57. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47.

Delek US (NYSE:DK - Get Free Report) last posted its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.67 by $2.81. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.44 billion. Delek US had a return on equity of 109.03% and a net margin of 1.86%.The company's revenue for the quarter was up 47.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.56) EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Delek US by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company's stock worth $187,773,000 after buying an additional 38,577 shares during the period. BlackRock Inc. acquired a new position in Delek US in the 2nd quarter valued at approximately $275,233,000. Ion Asset Management Ltd. raised its stake in shares of Delek US by 1.8% during the second quarter. Ion Asset Management Ltd. now owns 3,743,890 shares of the oil and gas company's stock valued at $79,296,000 after acquiring an additional 67,490 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Delek US by 4,681.3% during the second quarter. California State Teachers Retirement System now owns 3,411,231 shares of the oil and gas company's stock worth $173,325,000 after purchasing an additional 3,339,885 shares during the period. Finally, State Street Corp lifted its holdings in shares of Delek US by 3.4% during the fourth quarter. State Street Corp now owns 2,639,447 shares of the oil and gas company's stock worth $78,286,000 after purchasing an additional 87,846 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Insiders Place Their Bets

In other Delek US news, CEO Avigal Soreq sold 80,000 shares of the business's stock in a transaction on Monday, August 17th. The shares were sold at an average price of $66.51, for a total transaction of $5,320,800.00. Following the sale, the chief executive officer owned 231,486 shares of the company's stock, valued at approximately $15,396,133.86. The trade was a 25.68% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director William J. Finnerty sold 1,457 shares of the company's stock in a transaction on Friday, August 21st. The stock was sold at an average price of $64.70, for a total transaction of $94,267.90. Following the transaction, the director owned 33,348 shares of the company's stock, valued at $2,157,615.60. This trade represents a 4.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 152,925 shares of company stock valued at $10,013,091 over the last ninety days. 3.56% of the stock is owned by insiders.

Delek US Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were given a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, August 3rd. Delek US's dividend payout ratio is currently 28.65%.

Delek US Company Profile

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.

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