Q1 2024 EPS Estimates for Delek US Holdings, Inc. Raised by Zacks Research (NYSE:DK)

Delek US Holdings, Inc. (NYSE:DKFree Report) – Equities research analysts at Zacks Research raised their Q1 2024 earnings per share (EPS) estimates for shares of Delek US in a research note issued on Tuesday, March 19th. Zacks Research analyst T. Saha now expects that the oil and gas company will post earnings of ($0.26) per share for the quarter, up from their prior estimate of ($0.40). The consensus estimate for Delek US’s current full-year earnings is $1.15 per share. Zacks Research also issued estimates for Delek US’s Q3 2024 earnings at $0.86 EPS, Q4 2024 earnings at ($0.31) EPS, Q1 2025 earnings at $0.81 EPS, Q2 2025 earnings at ($0.03) EPS, Q3 2025 earnings at $0.00 EPS and Q4 2025 earnings at ($0.31) EPS.

Delek US (NYSE:DKGet Free Report) last announced its earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.28) by ($0.18). The business had revenue of $4.05 billion during the quarter, compared to the consensus estimate of $3.55 billion. Delek US had a return on equity of 18.27% and a net margin of 0.12%. Delek US’s revenue was down 9.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.88 earnings per share.

DK has been the topic of several other reports. Mizuho raised their price target on Delek US from $26.00 to $30.00 and gave the stock an “underperform” rating in a research report on Friday. TD Cowen lifted their price objective on Delek US from $23.00 to $24.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 28th. StockNews.com lowered Delek US from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Wells Fargo & Company lifted 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. Finally, Citigroup began coverage on Delek US in a research report on Wednesday, January 24th. They set a “neutral” rating on the stock. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $27.56.

Check Out Our Latest Stock Analysis on DK

Delek US Stock Performance

Shares of NYSE DK opened at $30.75 on Thursday. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 139.77 and a beta of 1.31. The company has a current ratio of 0.99, a quick ratio of 0.63 and a debt-to-equity ratio of 2.66. Delek US has a 1-year low of $19.39 and a 1-year high of $31.22. The stock’s 50-day moving average is $27.01 and its 200 day moving average is $26.98.

Delek US Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, March 1st were paid a $0.245 dividend. This is a positive change from Delek US’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.19%. Delek US’s dividend payout ratio is 445.45%.

Insider Transactions at Delek US

In other news, CFO Robert G. Wright sold 2,123 shares of the company’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 completion of the transaction, the chief financial officer now owns 18,925 shares of the company’s stock, valued at $539,362.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold a total of 4,976 shares of company stock valued at $135,738 over the last 90 days. Company insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Delek US

A number of hedge funds have recently made changes to their positions in DK. Vanguard Group Inc. raised its position in Delek US by 3.7% during the third 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 during the period. BlackRock Inc. raised its holdings in shares of 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 worth $122,284,000 after buying an additional 320,441 shares during the period. State Street Corp grew its stake in Delek US by 9.3% in the third quarter. State Street Corp now owns 4,446,787 shares of the oil and gas company’s stock worth $120,686,000 after purchasing an additional 376,508 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Delek US by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,139,059 shares of the oil and gas company’s stock worth $106,790,000 after purchasing an additional 59,537 shares in the last quarter. Finally, River Road Asset Management LLC grew its stake in Delek US by 510.1% in the fourth quarter. River Road Asset Management LLC now owns 3,747,111 shares of the oil and gas company’s stock worth $96,675,000 after purchasing an additional 3,132,971 shares in 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 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.

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

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