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 brokers have issued 12-month price targets for Delek US's shares. Their DK share price forecasts range from $24.00 to $49.00. On average, they expect the company's share price to reach $30.58 in the next twelve months. This suggests a possible upside of 33.1% from the stock's current price.
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Delek US's stock was trading at $27.00 at the beginning of 2023. Since then, DK shares have decreased by 14.9% and is now trading at $22.97.
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Delek US saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 7,710,000 shares, an increase of 15.1% from the February 13th total of 6,700,000 shares. Based on an average daily volume of 1,480,000 shares, the days-to-cover ratio is currently 5.2 days. Approximately 11.8% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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Delek US Holdings, Inc. (NYSE:DK) released its quarterly earnings data on Tuesday, February, 28th. The oil and gas company reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates of $0.93 by $0.05. The oil and gas company had revenue of $4.48 billion for the quarter, compared to analyst estimates of $3.14 billion. Delek US had a net margin of 1.27% and a trailing twelve-month return on equity of 35.96%. The company's quarterly revenue was up 44.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.61) earnings per share.

Delek US announced a quarterly dividend on Tuesday, February 28th. Investors of record on Friday, March 10th will be paid a dividend of $0.22 per share on Friday, March 17th. This represents a $0.88 annualized dividend and a dividend yield of 3.83%. The ex-dividend date of this dividend is Thursday, March 9th. This is an increase from the stock's previous quarterly dividend of $0.21.
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), Alpha Architect U.S. Quantitative Value ETF (QVAL), Cambria Value and Momentum ETF (VAMO), Nuveen Small Cap Select ETF (NSCS), Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2x Shares (GUSH), VanEck Oil Refiners ETF (CRAK) and Invesco Zacks Multi-Asset Income ETF (CVY).

Delek US (NYSE:DK) pays an annual dividend of $0.88 per share and currently has a dividend yield of 3.82%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DK will have a dividend payout ratio of 37.13% 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 number of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.52%), Victory Capital Management Inc. (2.84%), Victory Capital Management Inc. (2.96%), Victory Capital Management Inc. (2.84%), Macquarie Group Ltd. (2.01%) and Fisher Asset Management LLC (1.96%). 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 $22.97.

Delek US (NYSE:DK) has a market capitalization of $1.54 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 $3.51 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.