Scotiabank Has Negative Outlook of Delek US FY2025 Earnings

Delek US Holdings, Inc. (NYSE:DK) – Investment analysts at Scotiabank cut their FY2025 earnings per share (EPS) estimates for shares of Delek US in a research note 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) last announced its quarterly earnings data 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 company had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the firm posted ($1.46) EPS. The business’s revenue was down 39.8% on a year-over-year basis.

A number of other analysts also recently issued reports on DK. Wells Fargo & Company raised their target price on Delek US from $15.00 to $16.00 and gave the stock an “underweight” rating in a research report on Friday. Morgan Stanley decreased their price objective on Delek US from $19.00 to $18.00 and set an “underweight” rating for the company in a report on Friday, March 14th. Mizuho lowered their price objective on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. lifted their target price on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Piper Sandler dropped their price target 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. Five investment analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $20.40.

Delek US Trading Down 4.9 %

Shares of DK stock opened at $16.11 on Monday. Delek US has a 12-month low of $13.40 and a 12-month high of $33.60. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The company has a 50 day moving average of $17.36 and a 200-day moving average of $17.93. The firm has a market cap of $1.01 billion, a P/E ratio of -3.31 and a beta of 1.14.

Hedge Funds Weigh In On Delek US

A number of institutional investors have recently added to or reduced their stakes in the business. Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Delek US during the fourth quarter worth about $3,982,000. Mackenzie Financial Corp grew its stake in Delek US by 67.8% in the 4th quarter. Mackenzie Financial Corp now owns 39,617 shares of the oil and gas company’s stock worth $733,000 after buying an additional 16,009 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Delek US in the 4th quarter worth $363,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Delek US during the 4th quarter valued at $780,000. Finally, GTS Securities LLC bought a new stake in shares of Delek US during the 4th quarter worth $390,000. 97.01% of the stock is currently owned by institutional investors.

Insider Activity

In other Delek US news, CFO Mark Wayne Hobbs acquired 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average price 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 of the company’s stock, valued at approximately $673,190.60. This represents a 6.04 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders bought 5,055 shares of company stock worth $70,787 in the last three months. Corporate insiders own 1.80% of the company’s stock.

Delek US Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were issued a $0.255 dividend. This represents a $1.02 annualized dividend and a yield of 6.33%. The ex-dividend date of this dividend was Monday, March 3rd. Delek US’s 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.