Delek US (DK) Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Delek US in the last year. There are currently 4 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" DK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DK, but not buy additional shares or sell existing shares.
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10 Wall Street research analysts have issued 1 year price targets for Delek US's stock. Their DK share price forecasts range from $22.00 to $49.00. On average, they anticipate the company's share price to reach $29.91 in the next year. This suggests a possible upside of 24.5% from the stock's current price.
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Delek US's stock was trading at $27.00 at the beginning of the year. Since then, DK shares have decreased by 11.0% and is now trading at $24.03.
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Delek US saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 7,650,000 shares, a decrease of 17.1% from the April 30th total of 9,230,000 shares. Based on an average trading volume of 1,770,000 shares, the short-interest ratio is currently 4.3 days. Approximately 11.9% of the shares of the company are sold short.
View Delek US's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our DK earnings forecast.

Delek US Holdings, Inc. (NYSE:DK) posted its earnings results on Monday, May, 8th. The oil and gas company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.06 by $0.31. The oil and gas company had revenue of $3.92 billion for the quarter, compared to analyst estimates of $2.83 billion. Delek US had a net margin of 1.60% and a trailing twelve-month return on equity of 38.98%. Delek US's revenue for the quarter was down 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.58 EPS.

Delek US announced a quarterly dividend on Tuesday, May 2nd. Investors of record on Monday, May 15th will be given a dividend of $0.23 per share on Monday, May 22nd. This represents a $0.92 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Friday, May 12th. This is a positive change from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for DK.

ETFs with the largest weight of Delek US (NYSE:DK) stock in their portfolio include Invesco Dynamic Energy Exploration & Production ETF (PXE), SPDR S&P Oil & Gas Exploration & Production ETF (XOP), Cambria Value and Momentum ETF (VAMO), Nuveen Small Cap Select ETF (NSCS), VanEck Oil Refiners ETF (CRAK), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH), Invesco Zacks Multi-Asset Income ETF (CVY) and First Trust Small Cap Growth AlphaDEX Fund (FYC).

Delek US (NYSE:DK) pays an annual dividend of $0.92 per share and currently has a dividend yield of 3.74%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 21.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DK will have a dividend payout ratio of 46.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DK.

75 employees have rated Delek US Chief Executive Officer Ezra Uzi Yemin on Glassdoor.com. Ezra Uzi Yemin has an approval rating of 72% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Delek US investors own include Micron Technology (MU), NVIDIA (NVDA), Intel (INTC), JPMorgan Chase & Co. (JPM), AT&T (T), Bank of America (BAC), Energy Transfer (ET), Netflix (NFLX), Applied Materials (AMAT) and Boeing (BA).

Delek US trades on the New York Stock Exchange (NYSE) under the ticker symbol "DK."

Delek US's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.14%), State Street Corp (6.14%), Dimensional Fund Advisors LP (5.80%), Victory Capital Management Inc. (3.98%), FMR LLC (2.29%) and Macquarie Group Ltd. (2.14%). Insiders that own company stock include Avigal Soreq, Carl C Icahn, Delek Us Holdings, Inc, Nilah Staskus, Reuven Spiegel, Richard J Marcogliese and William J Finnerty.
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Shares of DK stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DK stock can currently be purchased for approximately $24.03.

Delek US (NYSE:DK) has a market capitalization of $1.58 billion and generates $20.25 billion in revenue each year. The oil and gas company earns $257.10 million in net income (profit) each year or $4.37 on an earnings per share basis.

The company employs 3,746 workers across the globe.

Delek US's mailing address is 7102 COMMERCE WAY, BRENTWOOD TN, 37027. The official website for the company is www.delekus.com. The oil and gas company can be reached via phone at (615) 771-6701 or via email at investor.relations@delekus.com.