Delek US Holdings, Inc. Forecasted to Earn Q1 2024 Earnings of ($0.57) Per Share (NYSE:DK)

Delek US Holdings, Inc. (NYSE:DK) – Investment analysts at Zacks Research cut their Q1 2024 EPS estimates for Delek US in a report issued on Thursday, April 25th. Zacks Research analyst R. Department now anticipates that the oil and gas company will earn ($0.57) per share for the quarter, down from their previous estimate of ($0.34). The consensus estimate for Delek US’s current full-year earnings is $1.38 per share. Zacks Research also issued estimates for Delek US’s Q2 2024 earnings at $0.81 EPS, Q4 2024 earnings at ($0.38) EPS, FY2024 earnings at $0.58 EPS, Q2 2025 earnings at $0.18 EPS, Q4 2025 earnings at $0.21 EPS, FY2025 earnings at $0.74 EPS, Q1 2026 earnings at ($0.08) EPS and FY2026 earnings at ($0.11) EPS.

Delek US (NYSE:DK) last announced its earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $3.55 billion. During the same quarter last year, the firm posted $0.88 earnings per share. The firm’s revenue was down 9.6% on a year-over-year basis.

Several other research firms have also issued reports on DK. Bank of America upped their price target on shares of Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, March 15th. Citigroup started coverage on shares of Delek US in a research report on Wednesday, January 24th. They set a “neutral” rating for the company. StockNews.com lowered shares of Delek US from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Mizuho upped their price target on shares of Delek US from $26.00 to $30.00 and gave the company an “underperform” rating in a research report on Friday, March 22nd. Finally, Wells Fargo & Company upped their price target on shares of Delek US from $21.00 to $26.00 and gave the company an “underweight” rating in a research report on Wednesday, March 20th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $28.56.

Delek US Stock Up 0.1 %

Shares of NYSE:DK opened at $29.34 on Monday. Delek US has a 52-week low of $19.39 and a 52-week high of $33.60. The firm has a fifty day moving average of $29.15 and a 200 day moving average of $27.40. The firm has a market capitalization of $1.88 billion, a PE ratio of 133.36 and a beta of 1.32. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.63 and a current ratio of 0.99.

Hedge Funds Weigh In On Delek US

Institutional investors have recently bought and sold shares of the stock. SummerHaven Investment Management LLC increased its stake in shares of Delek US by 1.3% during the fourth quarter. SummerHaven Investment Management LLC now owns 31,891 shares of the oil and gas company’s stock valued at $823,000 after purchasing an additional 404 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Delek US by 4.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,817 shares of the oil and gas company’s stock valued at $382,000 after purchasing an additional 688 shares in the last quarter. IFP Advisors Inc bought a new position in shares of Delek US during the third quarter valued at approximately $28,000. Spirit of America Management Corp NY bought a new position in shares of Delek US during the fourth quarter valued at approximately $26,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Delek US during the first quarter valued at approximately $31,000. 97.01% of the stock is owned by institutional investors.

Insider Transactions at Delek US

In related news, CFO Robert G. Wright sold 2,123 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $28.50, for a total value of $60,505.50. Following the completion of the transaction, the chief financial officer now directly owns 18,925 shares of the company’s stock, valued at $539,362.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Over the last ninety days, insiders sold 4,976 shares of company stock worth $141,243. Company insiders own 1.80% of the company’s stock.

Delek US Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, March 1st were issued a dividend of $0.245 per share. This is a positive change from Delek US’s previous quarterly dividend of $0.24. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date was Thursday, February 29th. Delek US’s dividend payout ratio is currently 445.45%.

About Delek US

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.