Delek US (NYSE:DK) Announces Earnings Results

Delek US (NYSE:DK) released its earnings results on Tuesday. The oil and gas company reported ($0.41) earnings per share for the quarter, beating the consensus estimate of ($0.56) by $0.15, Briefing.com reports. The company had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Delek US had a return on equity of 18.27% and a net margin of 0.12%. The business’s revenue for the quarter was down 17.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.37 EPS.

Delek US Trading Up 0.6 %

Delek US stock opened at $28.00 on Friday. Delek US has a 12 month low of $21.26 and a 12 month high of $33.60. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 127.27 and a beta of 1.34. The business has a 50 day moving average price of $29.23 and a two-hundred day moving average price of $27.45. The company has a quick ratio of 0.63, a current ratio of 0.99 and a debt-to-equity ratio of 2.66.

Delek US Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Friday, May 17th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This is an increase from Delek US’s previous quarterly dividend of $0.25. This represents a $1.00 dividend on an annualized basis and a yield of 3.57%. Delek US’s dividend payout ratio is 454.55%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DK. TD Cowen cut their target price on shares of Delek US from $27.00 to $25.00 and set a “hold” rating for the company in a research report on Wednesday. UBS Group lifted their price target on Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Thursday, April 4th. Mizuho lifted their target price on shares of Delek US from $26.00 to $30.00 and gave the company an “underperform” rating in a research note on Friday, March 22nd. Bank of America raised their price target on shares of Delek US from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Friday, March 15th. Finally, Scotiabank upped their price objective on shares of Delek US from $25.00 to $27.00 and gave the stock a “sector perform” rating in a report on Thursday, April 11th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $28.67.

Insider Activity

In related news, CFO Robert G. Wright sold 2,123 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $28.50, for a total value of $60,505.50. Following the completion of the transaction, the chief financial officer now owns 18,925 shares of the company’s stock, valued at $539,362.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 4,226 shares of company stock worth $120,775. Company insiders own 1.80% 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.