Scotiabank Weighs in on Delek US's FY2025 Earnings (NYSE:DK)

Delek US Holdings, Inc. (NYSE:DK - Free Report) - Equities research analysts at Scotiabank reduced their FY2025 earnings per share (EPS) estimates for shares of Delek US in a report issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now forecasts that the oil and gas company will earn ($3.35) per share for the year, down from their prior forecast of ($3.00). The consensus estimate for Delek US's current full-year earnings is ($5.50) per share. Scotiabank also issued estimates for Delek US's FY2026 earnings at ($1.40) EPS.

Delek US (NYSE:DK - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The oil and gas company reported ($2.54) EPS for the quarter, missing the consensus estimate of ($1.53) by ($1.01). Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the prior year, the company posted ($1.46) EPS. The firm's revenue was down 39.8% on a year-over-year basis.

A number of other research firms have also commented on DK. Morgan Stanley decreased their price objective on shares of Delek US from $19.00 to $18.00 and set an "underweight" rating for the company in a research note on Friday, March 14th. JPMorgan Chase & Co. raised their price target on shares of Delek US from $21.00 to $22.00 and gave the stock a "neutral" rating in a report on Tuesday, December 10th. Piper Sandler dropped their price objective on shares of Delek US from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Wolfe Research raised shares of Delek US from an "underperform" rating to a "peer perform" rating in a research note on Friday, January 3rd. Finally, Mizuho dropped their price target on shares of Delek US from $26.00 to $25.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Five research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $20.40.

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Delek US Price Performance

Shares of DK traded up $0.04 during midday trading on Monday, reaching $16.08. The stock had a trading volume of 912,144 shares, compared to its average volume of 1,139,982. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The firm's 50 day moving average price is $17.20 and its 200-day moving average price is $17.89. Delek US has a 52 week low of $13.40 and a 52 week high of $33.60. The company has a market capitalization of $1.01 billion, a P/E ratio of -3.31 and a beta of 1.14.

Hedge Funds Weigh In On Delek US

Several large investors have recently bought and sold shares of the business. Clifford Capital Partners LLC acquired a new position in Delek US during the third quarter valued at approximately $7,504,000. JPMorgan Chase & Co. lifted its stake in Delek US by 76.8% in the third quarter. JPMorgan Chase & Co. now owns 482,169 shares of the oil and gas company's stock valued at $9,041,000 after acquiring an additional 209,474 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Delek US by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 766,807 shares of the oil and gas company's stock valued at $14,186,000 after acquiring an additional 45,017 shares during the period. Geode Capital Management LLC increased its stake in shares of Delek US by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,459,301 shares of the oil and gas company's stock worth $27,368,000 after purchasing an additional 63,502 shares during the last quarter. Finally, Summit Trail Advisors LLC bought a new stake in shares of Delek US in the 4th quarter valued at about $565,000. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Delek US

In related news, CFO Mark Wayne Hobbs bought 2,800 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was bought at an average cost of $13.70 per share, with a total value of $38,360.00. Following the completion of the purchase, the chief financial officer now owns 49,138 shares in the company, valued at approximately $673,190.60. The trade was a 6.04 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders acquired 5,055 shares of company stock valued at $70,787 over the last ninety days. 1.80% of the stock is owned by insiders.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were issued a $0.255 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.34%. Delek US's dividend payout ratio is -11.54%.

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.