Delek US (NYSE:DK) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of Delek US (NYSE:DK) from a strong-buy rating to a hold rating in a report published 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 equities research analysts have also weighed in on the company. TD Cowen dropped their price target on Delek US from $60.00 to $44.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. Raymond James Financial increased their target price on Delek US from $47.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 25th. Morgan Stanley set a $41.00 target price on Delek US in a research note on Monday, May 4th. Weiss Ratings cut Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, May 11th. Finally, Wells Fargo & Company increased their target price on Delek US from $54.00 to $59.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 31st. Five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Delek US currently has a consensus rating of “Hold” and an average price target of $44.69.

Delek US Trading Up 0.0%

NYSE DK opened at $44.40 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 10.51. Delek US has a twelve month low of $18.12 and a twelve month high of $49.50. The firm has a market capitalization of $2.72 billion, a PE ratio of -48.80, a P/E/G ratio of 0.30 and a beta of 0.63. The stock’s 50 day moving average is $43.56 and its 200 day moving average is $37.76.

Delek US (NYSE:DK) last released its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, beating 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 company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the previous year, the company posted ($2.32) earnings per share. The firm’s revenue was up .4% on a year-over-year basis. Research analysts forecast that Delek US will post 4.95 earnings per share for the current fiscal year.

Delek US Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 8th. Stockholders of record on Friday, May 1st were paid a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, May 1st. Delek US’s dividend payout ratio is currently -112.09%.

Insider Transactions at Delek US

In other news, Director Shlomo Zohar sold 7,343 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $46.00, for a total value of $337,778.00. Following the sale, the director directly owned 6,646 shares of the company’s stock, valued at approximately $305,716. This represents a 52.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Reuven Spiegel sold 10,000 shares of the company’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $44.36, for a total value of $443,600.00. Following the transaction, the executive vice president directly owned 48,372 shares in the company, valued at approximately $2,145,781.92. The trade was a 17.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 197,736 shares of company stock valued at $8,433,442. 3.56% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Thoroughbred Financial Services LLC lifted its holdings in shares of Delek US by 1.3% during the fourth quarter. Thoroughbred Financial Services LLC now owns 27,164 shares of the oil and gas company’s stock valued at $805,000 after purchasing an additional 348 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Delek US by 1.8% during the fourth quarter. New York State Common Retirement Fund now owns 22,048 shares of the oil and gas company’s stock valued at $654,000 after purchasing an additional 400 shares in the last quarter. Aster Capital Management DIFC Ltd lifted its holdings in shares of Delek US by 23.2% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,259 shares of the oil and gas company’s stock valued at $67,000 after purchasing an additional 425 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Delek US by 95.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock valued at $26,000 after purchasing an additional 432 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its holdings in shares of Delek US by 2.2% during the second quarter. Orion Porfolio Solutions LLC now owns 23,244 shares of the oil and gas company’s stock valued at $492,000 after purchasing an additional 507 shares in the last quarter. 97.01% of the stock is 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.