Delek US (NYSE:DK – Get Free Report) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports. Zacks Research also issued estimates for Delek US’s Q2 2026 earnings at $0.58 EPS, Q3 2026 earnings at $1.00 EPS, Q4 2026 earnings at $0.08 EPS, FY2026 earnings at $1.74 EPS, Q1 2027 earnings at ($0.29) EPS, Q2 2027 earnings at $0.55 EPS, Q3 2027 earnings at $0.27 EPS, Q4 2027 earnings at $0.62 EPS, FY2027 earnings at $1.16 EPS, Q1 2028 earnings at ($0.17) EPS and FY2028 earnings at ($0.16) EPS.
Several other research firms also recently issued reports on DK. TD Cowen cut their price target on Delek US from $60.00 to $44.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Mizuho lifted their price objective on Delek US from $54.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday. Citigroup lifted their price target on Delek US from $33.00 to $44.00 and gave the company a “neutral” rating in a report on Monday, April 13th. Morgan Stanley set a $41.00 price target on Delek US in a report on Monday, May 4th. Finally, Scotiabank upgraded Delek US to a “hold” rating in a report on Friday, March 27th. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Delek US currently has a consensus rating of “Hold” and an average price target of $44.69.
Read Our Latest Stock Report on DK
Delek US Stock Performance
Delek US (NYSE:DK – Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($1.42) by $1.50. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same period last year, the company earned ($2.32) earnings per share. The company’s revenue for the quarter was up .4% on a year-over-year basis. As a group, equities analysts predict that Delek US will post 4.95 EPS for the current year.
Insider Activity
In other Delek US news, Director Shlomo Zohar sold 22,029 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $44.83, for a total value of $987,560.07. Following the transaction, the director directly owned 18,989 shares of the company’s stock, valued at $851,276.87. This represents a 53.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Denise Clark Mcwatters sold 11,988 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $41.33, for a total value of $495,464.04. Following the completion of the transaction, the executive vice president directly owned 74,196 shares in the company, valued at approximately $3,066,520.68. The trade was a 13.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 197,736 shares of company stock worth $8,433,442 in the last ninety days. 3.56% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the stock. Thoroughbred Financial Services LLC grew its stake in Delek US by 1.3% during the 4th quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock worth $805,000 after buying an additional 348 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Delek US by 1.8% in the fourth quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock worth $654,000 after purchasing an additional 400 shares in the last quarter. Aster Capital Management DIFC Ltd grew its stake in shares of Delek US by 23.2% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock worth $67,000 after purchasing an additional 425 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Delek US by 95.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after purchasing an additional 432 shares in the last quarter. Finally, Orion Porfolio Solutions LLC grew its stake in shares of Delek US by 2.2% in the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock worth $492,000 after purchasing an additional 507 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.
About Delek US
Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.
In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.
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