Q3 2024 Earnings Estimate for Delek US Holdings, Inc. Issued By Zacks Research (NYSE:DK)

Delek US Holdings, Inc. (NYSE:DK - Free Report) - Research analysts at Zacks Research lowered their Q3 2024 earnings per share (EPS) estimates for shares of Delek US in a note issued to investors on Thursday, April 25th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings per share of $0.71 for the quarter, down from their prior forecast 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.

A number of other research analysts have also recently issued reports on DK. Scotiabank lifted their price objective on shares of Delek US from $25.00 to $27.00 and gave the company a "sector perform" rating in a research note on Thursday, April 11th. UBS Group boosted their price objective on shares of Delek US from $30.00 to $32.00 and gave the stock a "neutral" rating in a research note on Thursday, April 4th. Mizuho boosted their target price on shares of Delek US from $26.00 to $30.00 and gave the company an "underperform" rating in a report on Friday, March 22nd. Bank of America boosted their target price on shares of Delek US from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Friday, March 15th. Finally, Wells Fargo & Company upped their price objective on shares of Delek US from $21.00 to $26.00 and gave the company an "underweight" rating in a report on Wednesday, March 20th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Delek US currently has a consensus rating of "Hold" and an average price target of $28.56.

Delek US Price Performance

Shares of NYSE DK traded up $0.03 during midday trading on Friday, reaching $29.33. The company's stock had a trading volume of 811,751 shares, compared to its average volume of 1,012,102. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.63 and a current ratio of 0.99. Delek US has a fifty-two week low of $19.39 and a fifty-two week high of $33.60. The business's 50 day moving average price is $29.13 and its two-hundred day moving average price is $27.36. The company has a market cap of $1.88 billion, a P/E ratio of 133.18 and a beta of 1.32.

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

Delek US Increases Dividend

The business 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. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.98 annualized dividend and a yield of 3.34%. This is a boost from Delek US's previous quarterly dividend of $0.24. Delek US's dividend payout ratio is currently 445.45%.

Insider Buying and Selling at Delek US

In other news, CFO Robert G. Wright sold 2,123 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $28.50, for a total value of $60,505.50. Following the transaction, the chief financial officer now owns 18,925 shares in the company, valued at approximately $539,362.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders have sold 4,976 shares of company stock worth $141,243. Company insiders own 1.80% of the company's stock.

Institutional Investors Weigh In On Delek US

A number of institutional investors have recently added to or reduced their stakes in DK. SYSTM Wealth Solutions LLC boosted its position in shares of Delek US by 5.1% during the 1st quarter. SYSTM Wealth Solutions LLC now owns 28,017 shares of the oil and gas company's stock valued at $861,000 after acquiring an additional 1,370 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Delek US during the 1st quarter valued at approximately $31,000. Raymond James & Associates boosted its position in shares of Delek US by 1.0% during the 1st quarter. Raymond James & Associates now owns 520,494 shares of the oil and gas company's stock valued at $16,000,000 after acquiring an additional 5,170 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Delek US during the 1st quarter valued at approximately $172,000. Finally, Diversified Trust Co boosted its position in shares of Delek US by 15.7% during the 1st quarter. Diversified Trust Co now owns 10,824 shares of the oil and gas company's stock valued at $333,000 after acquiring an additional 1,472 shares during the last quarter. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Company Profile

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.