Zacks Research Weighs in on Delek US Holdings, Inc.’s Q4 2023 Earnings (NYSE:DK)

Delek US Holdings, Inc. (NYSE:DKFree Report) – Research analysts at Zacks Research reduced their Q4 2023 EPS estimates for shares of Delek US in a report issued on Tuesday, January 30th. Zacks Research analyst T. Saha now forecasts that the oil and gas company will post earnings of ($1.20) per share for the quarter, down from their previous estimate of ($1.13). The consensus estimate for Delek US’s current full-year earnings is $3.21 per share. Zacks Research also issued estimates for Delek US’s Q1 2024 earnings at ($0.40) EPS, Q3 2024 earnings at $0.58 EPS, Q2 2025 earnings at ($0.46) EPS, Q3 2025 earnings at $0.07 EPS, Q4 2025 earnings at ($0.03) EPS and FY2025 earnings at $0.63 EPS.

Delek US (NYSE:DKGet Free Report) last posted its quarterly earnings results on Tuesday, November 7th. The oil and gas company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.66. Delek US had a net margin of 0.38% and a return on equity of 31.77%. The firm had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $3.62 billion. During the same period last year, the firm posted $0.02 earnings per share. The company’s revenue for the quarter was down 10.8% on a year-over-year basis.

DK has been the subject of a number of other research reports. StockNews.com raised shares of Delek US from a “hold” rating to a “buy” rating in a report on Wednesday. Citigroup initiated coverage on shares of Delek US in a report on Wednesday, January 24th. They set a “neutral” rating for the company. Wells Fargo & Company decreased their price objective on Delek US from $24.00 to $23.00 and set an “underweight” rating on the stock in a report on Monday, October 9th. Raymond James cut their target price on Delek US from $33.00 to $32.00 and set an “outperform” rating for the company in a research note on Wednesday, November 8th. Finally, Mizuho decreased their price target on Delek US from $33.00 to $27.00 and set an “underperform” rating on the stock in a research note on Friday, October 6th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned 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 $27.78.

View Our Latest Stock Analysis on Delek US

Delek US Stock Down 3.0 %

Shares of NYSE:DK opened at $27.02 on Thursday. Delek US has a 52-week low of $19.39 and a 52-week high of $31.22. The company has a quick ratio of 0.72, a current ratio of 1.11 and a debt-to-equity ratio of 2.25. The business has a fifty day moving average of $26.17 and a two-hundred day moving average of $26.76. The stock has a market cap of $1.73 billion, a P/E ratio of 25.49 and a beta of 1.30.

Insider Buying and Selling at Delek US

In other news, Director Laurie Z. Tolson sold 1,207 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $26.75, for a total value of $32,287.25. Following the sale, the director now directly owns 11,133 shares in the company, valued at $297,807.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 3,457 shares of company stock valued at $90,660 in the last 90 days. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Delek US

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Delek US by 3.7% in the 3rd quarter. Vanguard Group Inc. now owns 7,986,802 shares of the oil and gas company’s stock valued at $216,762,000 after purchasing an additional 288,017 shares in the last quarter. BlackRock Inc. raised its stake in Delek US by 6.7% in the second quarter. BlackRock Inc. now owns 5,105,809 shares of the oil and gas company’s stock valued at $122,284,000 after buying an additional 320,441 shares in the last quarter. State Street Corp lifted its holdings in Delek US by 9.3% during the 3rd quarter. State Street Corp now owns 4,446,787 shares of the oil and gas company’s stock worth $120,686,000 after buying an additional 376,508 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Delek US by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,970,744 shares of the oil and gas company’s stock worth $95,099,000 after acquiring an additional 82,982 shares in the last quarter. Finally, River Road Asset Management LLC increased its holdings in shares of Delek US by 510.1% in the 4th quarter. River Road Asset Management LLC now owns 3,747,111 shares of the oil and gas company’s stock valued at $96,675,000 after acquiring an additional 3,132,971 shares during the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

About Delek US

(Get Free Report)

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. 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.

Further Reading

Earnings History and Estimates for Delek US (NYSE:DK)

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