Zacks Research Downgrades Delek US (NYSE:DK) to Hold

Delek US (NYSE:DK) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note 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 equities research analysts also recently issued reports on DK. UBS Group upped their price target on Delek US from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, April 10th. TD Cowen decreased their price target on Delek US from $60.00 to $44.00 and set a “hold” rating for the company in a report on Monday, April 27th. Citigroup upped their price target on Delek US from $33.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Morgan Stanley set a $41.00 price objective on Delek US in a research report on Monday, May 4th. Finally, The Goldman Sachs Group raised Delek US from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $43.00 to $55.00 in a research report on Friday, April 10th. Five analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $44.69.

Delek US Trading Up 0.0%

Shares of Delek US stock opened at $44.40 on Thursday. The stock has a fifty day simple moving average of $43.56 and a 200 day simple moving average of $37.76. Delek US has a 12-month low of $18.12 and a 12-month high of $49.50. The company has a market capitalization of $2.72 billion, a P/E ratio of -48.80, a price-to-earnings-growth ratio of 0.30 and a beta of 0.63. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51.

Delek US (NYSE:DK) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) 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 business had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.33 billion. During the same quarter in the prior year, the company posted ($2.32) earnings per share. Delek US’s revenue was up .4% compared to the same quarter last year. On average, sell-side analysts anticipate that Delek US will post 4.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Delek US news, Director Shlomo Zohar sold 22,029 shares of the business’s stock in a transaction 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 owned 18,989 shares of the company’s stock, valued at approximately $851,276.87. The trade was a 53.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Reuven Spiegel sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $42.84, for a total value of $856,800.00. Following the completion of the transaction, the executive vice president directly owned 48,530 shares in the company, valued at approximately $2,079,025.20. This represents a 29.18% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 197,736 shares of company stock valued at $8,433,442. 3.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Converium Capital Inc. purchased a new position in shares of Delek US during the 1st quarter valued at $9,855,000. Bank of America Corp DE lifted its position in shares of Delek US by 118.0% during the 1st quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company’s stock valued at $38,138,000 after buying an additional 458,004 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Delek US by 24.6% during the 1st quarter. California State Teachers Retirement System now owns 71,346 shares of the oil and gas company’s stock valued at $3,216,000 after buying an additional 14,068 shares during the last quarter. Empyrean Capital Partners LP purchased a new position in shares of Delek US during the 1st quarter valued at $9,406,000. Finally, Quantinno Capital Management LP lifted its position in shares of Delek US by 6.3% during the 1st quarter. Quantinno Capital Management LP now owns 22,688 shares of the oil and gas company’s stock valued at $1,023,000 after buying an additional 1,339 shares during the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

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.