By otakuyassine3@gmail.com 
Delek US Holdings, Inc. (NYSE:DK – Free Report) – Analysts at Scotiabank reduced their FY2024 earnings estimates for shares of Delek US in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst P. Cheng now expects that the oil and gas company will post earnings per share of ($4.55) for the year, down from their prior estimate of ($1.85). Scotiabank has a “Sector Perform” rating and a $22.00 price objective on the stock. The consensus estimate for Delek US’s current full-year earnings is ($4.38) per share. Scotiabank also issued estimates for Delek US’s FY2025 earnings at ($3.00) EPS and FY2026 earnings at ($2.60) EPS.
Several other research firms have also recently issued reports on DK. Mizuho reduced their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Piper Sandler reduced their price objective on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. JPMorgan Chase & Co. lifted their price objective on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Wells Fargo & Company reduced their price objective on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research report on Monday, December 9th. Finally, StockNews.com cut shares of Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Five analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Delek US currently has a consensus rating of “Hold” and a consensus price target of $21.00.
View Our Latest Analysis on Delek US
Delek US Trading Up 2.2 %
Delek US stock opened at $19.90 on Monday. The stock has a market cap of $1.26 billion, a P/E ratio of -4.09 and a beta of 1.22. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. Delek US has a 1 year low of $15.36 and a 1 year high of $33.60. The firm’s 50 day moving average price is $18.19 and its 200-day moving average price is $19.50.
Delek US (NYSE:DK – Get Free Report) last released its earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping analysts’ consensus estimates of ($1.71) by $0.26. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The company had revenue of $3.04 billion for the quarter, compared to analysts’ expectations of $3.23 billion. During the same quarter last year, the business earned $2.02 EPS. The firm’s revenue was down 34.3% compared to the same quarter last year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of DK. Rubric Capital Management LP purchased a new position in Delek US during the third quarter worth $37,500,000. Philosophy Capital Management LLC purchased a new position in Delek US during the third quarter worth $21,471,000. Encompass Capital Advisors LLC purchased a new position in Delek US during the second quarter worth $22,833,000. Point72 Asset Management L.P. purchased a new position in Delek US during the second quarter worth $19,806,000. Finally, International Assets Investment Management LLC boosted its stake in Delek US by 1,753.2% during the third quarter. International Assets Investment Management LLC now owns 648,507 shares of the oil and gas company’s stock worth $12,160,000 after buying an additional 613,514 shares during the period. 97.01% of the stock is owned by hedge funds and other institutional investors.
Delek US Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Tuesday, November 12th were paid a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s payout ratio is -20.99%.
Delek US Company Profile
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.
Further Reading
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