Delek US Holdings, Inc. (NYSE:DK - Free Report) - Equities research analysts at Zacks Research cut their Q2 2024 earnings per share (EPS) estimates for Delek US in a report released on Friday, May 24th. Zacks Research analyst R. Department now forecasts that the oil and gas company will post earnings of $0.73 per share for the quarter, down from their prior 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.
Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The oil and gas company reported ($0.41) earnings per share for the quarter, topping analysts' consensus estimates of ($0.56) by $0.15. Delek US had a positive return on equity of 7.37% and a negative net margin of 0.48%. The firm had revenue of $3.23 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter in the previous year, the business earned $1.37 earnings per share. The business's revenue was down 17.8% compared to the same quarter last year.
DK has been the topic of several other research reports. Piper Sandler decreased their target price on Delek US from $31.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 14th. TD Cowen decreased their target price on Delek US from $27.00 to $25.00 and set a "hold" rating on the stock in a research report on Wednesday, May 8th. UBS Group boosted their price target on Delek US from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Thursday, April 4th. Scotiabank boosted their price target on Delek US from $25.00 to $27.00 and gave the company a "sector perform" rating in a research note on Thursday, April 11th. Finally, Bank of America boosted their price target on Delek US from $30.00 to $32.00 and gave the company a "neutral" rating in a research note on Friday, March 15th. Four equities 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $28.50.
View Our Latest Report on Delek US
Delek US Stock Performance
Shares of Delek US stock traded down $0.20 on Monday, hitting $27.45. The stock had a trading volume of 376,000 shares, compared to its average volume of 1,008,502. Delek US has a twelve month low of $21.39 and a twelve month high of $33.60. The business's 50 day moving average is $29.53 and its two-hundred day moving average is $27.61. The company has a quick ratio of 0.64, a current ratio of 1.04 and a debt-to-equity ratio of 2.40. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of -22.14 and a beta of 1.34.
Delek US Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Friday, May 17th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, May 16th. 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%. Delek US's dividend payout ratio is -80.65%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of DK. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Delek US during the third quarter worth $307,000. Principal Financial Group Inc. acquired a new stake in Delek US in the third quarter valued at $273,000. Jump Financial LLC acquired a new stake in Delek US in the third quarter valued at $3,147,000. Fox Run Management L.L.C. acquired a new stake in Delek US in the third quarter valued at $766,000. Finally, New York State Common Retirement Fund increased its holdings in Delek US by 7.0% in the third quarter. New York State Common Retirement Fund now owns 40,949 shares of the oil and gas company's stock valued at $1,163,000 after purchasing an additional 2,671 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.
About Delek US
(
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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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