Scotiabank Brokers Decrease Earnings Estimates for Delek US

Delek US Holdings, Inc. (NYSE:DK) – Equities researchers at Scotiabank lowered their FY2025 earnings per share (EPS) estimates for shares of Delek US in a research report issued on Wednesday, March 19th. Scotiabank analyst P. Cheng now expects that the oil and gas company will post earnings of ($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) last announced its quarterly earnings data on Tuesday, February 25th. The oil and gas company reported ($2.54) earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the firm posted ($1.46) earnings per share. The company’s revenue was down 39.8% compared to the same quarter last year.

Several other research analysts also recently commented on the company. Morgan Stanley decreased their price objective on Delek US from $19.00 to $18.00 and set an “underweight” rating on the stock in a report on Friday, March 14th. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Wells Fargo & Company boosted their price objective on Delek US from $15.00 to $16.00 and gave the company an “underweight” rating in a research report on Friday. Piper Sandler dropped their price objective on Delek US from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Finally, Mizuho decreased their target price 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 equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $20.40.

Delek US Price Performance

Shares of NYSE:DK opened at $16.11 on Monday. The company’s fifty day moving average is $17.36 and its 200 day moving average is $17.93. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. Delek US has a 52 week low of $13.40 and a 52 week high of $33.60. The stock has a market cap of $1.01 billion, a PE ratio of -3.31 and a beta of 1.14.

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 paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date was Monday, March 3rd. Delek US’s payout ratio is -11.54%.

Insider Activity at Delek US

In related news, CFO Mark Wayne Hobbs acquired 2,800 shares of the stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $13.70 per share, for a total transaction of $38,360.00. Following the completion of the acquisition, the chief financial officer now directly owns 49,138 shares of the company’s stock, valued at approximately $673,190.60. This represents a 6.04 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have purchased a total of 5,055 shares of company stock worth $70,787 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ion Asset Management Ltd. boosted its position in shares of Delek US by 16.5% during the fourth quarter. Ion Asset Management Ltd. now owns 3,455,000 shares of the oil and gas company’s stock valued at $63,918,000 after purchasing an additional 488,509 shares in the last quarter. State Street Corp lifted its position in Delek US by 8.0% during the third quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company’s stock valued at $56,612,000 after buying an additional 223,110 shares during the period. Rubric Capital Management LP bought a new stake in shares of Delek US during the 3rd quarter valued at $37,500,000. Barclays PLC grew its position in shares of Delek US by 23.1% in the 4th quarter. Barclays PLC now owns 1,842,035 shares of the oil and gas company’s stock worth $34,078,000 after buying an additional 345,210 shares during the period. Finally, FMR LLC increased its stake in shares of Delek US by 47.3% in the 3rd quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock worth $32,021,000 after acquiring an additional 548,777 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.