Zacks Research Has Positive Opinion of Delek US Q2 Earnings

Delek US Holdings, Inc. (NYSE:DK) – Research analysts at Zacks Research boosted their Q2 2027 earnings per share estimates for shares of Delek US in a research report issued to clients and investors on Friday, October 23rd. Zacks Research analyst Team now expects that the oil and gas company will post earnings per share of $1.69 for the quarter, up from their prior estimate of $1.52. The consensus estimate for Delek US’s current full-year earnings is $18.04 per share.

Delek US (NYSE:DK) last released its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the previous year, the company posted ($0.56) earnings per share. The company’s revenue for the quarter was up 47.9% compared to the same quarter last year.

DK has been the subject of a number of other reports. Citigroup reissued a “neutral” rating on shares of Delek US in a research note on Thursday, August 6th. The Goldman Sachs Group boosted their price objective on shares of Delek US from $83.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, October 15th. TD Cowen increased their price target on Delek US from $85.00 to $90.00 and gave the company a “buy” rating in a report on Thursday. Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 9th. Finally, Morgan Stanley boosted their price target on Delek US from $45.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $70.83.

Delek US Stock Up 5.1%

Shares of NYSE DK opened at $78.24 on Monday. The firm has a 50-day moving average price of $73.35 and a 200 day moving average price of $51.74. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 0.56 and a beta of 0.62. Delek US has a 52 week low of $25.85 and a 52 week high of $82.27. The company has a quick ratio of 0.47, a current ratio of 0.76 and a debt-to-equity ratio of 7.53.

Insider Transactions at Delek US

In related news, Director William Finnerty sold 2,943 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $77.17, for a total value of $227,111.31. Following the completion of the transaction, the director directly owned 30,405 shares of the company’s stock, valued at $2,346,353.85. This represents a 8.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary Sullivan, Jr. sold 27,688 shares of Delek US stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $69.01, for a total transaction of $1,910,748.88. Following the sale, the director owned 32,004 shares in the company, valued at approximately $2,208,596.04. This represents a 46.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 163,377 shares of company stock valued at $11,082,485 over the last three months. 3.56% of the stock is currently owned by company insiders.

Institutional Trading of Delek US

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Delek US during the second quarter valued at $275,233,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Delek US by 26.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,596,093 shares of the oil and gas company’s stock worth $71,936,000 after buying an additional 335,892 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Delek US by 19.0% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,136,720 shares of the oil and gas company’s stock worth $51,232,000 after acquiring an additional 181,820 shares during the last quarter. Bank of America Corp DE increased its holdings in Delek US by 118.0% in the 1st quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company’s stock valued at $38,138,000 after buying an additional 458,004 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Delek US in the 2nd quarter worth approximately $22,987,000. 97.01% of the stock is owned by institutional investors and hedge funds.

About Delek US

Delek US Holdings, Inc is a downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing and transporting fuels and other refined petroleum products for markets primarily in the southern United States.

Through its refining operations, Delek processes crude oil into products such as gasoline, diesel, jet fuel and asphalt. Its logistics business, conducted in part through Delek Logistics Partners, owns and operates pipelines, crude oil gathering systems, storage terminals, transportation assets and other infrastructure that supports the movement of crude oil and refined products.

Delek has also operated convenience stores and fuel stations, particularly in Texas and neighboring states, under brands including DK and Alon.