Q3 2024 EPS Estimates for Delek US Holdings, Inc. (NYSE:DK) Decreased by Zacks Research

Delek US Holdings, Inc. (NYSE:DK) – Zacks Research reduced their Q3 2024 earnings per share (EPS) estimates for Delek US in a research note issued on Thursday, April 25th. Zacks Research analyst R. Department now expects that the oil and gas company will earn $0.71 per share for the quarter, down from their previous estimate of $0.82. The consensus estimate for Delek US’s current full-year earnings is $1.43 per share. Zacks Research also issued estimates for Delek US’s Q1 2025 earnings at $0.04 EPS and Q3 2025 earnings at $0.31 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 analysts’ consensus estimates of ($1.28) by ($0.18). The company had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.55 billion. Delek US had a net margin of 0.12% and a return on equity of 18.27%. The business’s quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.88 EPS.

Several other analysts have also weighed in on the company. Bank of America upped their price objective on Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Mizuho lifted their price target on shares of Delek US from $26.00 to $30.00 and gave the stock an “underperform” rating in a research report on Friday, March 22nd. Scotiabank increased their price objective on Delek US from $25.00 to $27.00 and gave the company a “sector perform” rating in a research report on Thursday, April 11th. Citigroup initiated coverage on Delek US in a report on Wednesday, January 24th. They issued a “neutral” rating on the stock. Finally, Wells Fargo & Company increased their price target on Delek US from $21.00 to $26.00 and gave the company an “underweight” rating in a research report on Wednesday, March 20th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $28.56.

Delek US Price Performance

NYSE DK opened at $29.34 on Friday. 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 current ratio of 0.99 and a quick ratio of 0.63. Delek US has a 12 month low of $19.39 and a 12 month high of $33.60. The company’s 50 day simple moving average is $29.15 and its 200 day simple moving average is $27.40.

Delek US Increases Dividend

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

Insiders Place Their Bets

In other Delek US news, CFO Robert G. Wright sold 2,123 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $28.50, for a total value of $60,505.50. Following the transaction, the chief financial officer now owns 18,925 shares in the company, valued at $539,362.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 4,976 shares of company stock worth $141,243 in the last quarter. 1.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Delek US

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AE Wealth Management LLC bought a new stake in Delek US in the third quarter worth $510,000. IFP Advisors Inc acquired a new stake in shares of Delek US in the third quarter worth about $28,000. SG Americas Securities LLC bought a new stake in shares of Delek US during the 3rd quarter worth about $295,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Delek US during the 3rd quarter valued at about $307,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Delek US by 35.6% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,129 shares of the oil and gas company’s stock valued at $401,000 after acquiring an additional 3,711 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

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.