Delek US (NYSE:DK) Trading Down 7% – What’s Next?

by · The Cerbat Gem

Delek US Holdings, Inc. (NYSE:DK – Get Free Report)’s stock price dropped 7% on Thursday . The stock traded as low as $66.82 and last traded at $67.2330. 520,602 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 1,512,913 shares. The stock had previously closed at $72.26.

Delek US News Roundup

Here are the key news stories impacting Delek US this week:

  • Positive Sentiment: Analysts raised several earnings forecasts. Zacks Research increased its estimates for Delek’s third-quarter 2026 EPS to $2.05, fourth-quarter 2026 EPS to $1.70, full-year 2026 EPS to $9.31, and full-year 2027 EPS to $5.88. It also lifted estimates for multiple 2027 quarters and maintained a “Strong-Buy” rating, supporting the view that refining margins and the company’s turnaround could remain favorable. Delek vs. HF Sinclair: Which Refining Stock Has More Upside Potential?
  • Positive Sentiment: Improving refining fundamentals continue to support the investment case. Commentary highlights stronger crack spreads, margin-improvement efforts, institutional ownership exceeding 97%, and the possibility that analysts are underestimating Delek’s 2027 earnings potential. Some analysts’ price targets reportedly reach $90. Delek US Holdings stock information
  • Neutral Sentiment: Analyst opinion remains favorable but not uniformly bullish. Delek carries an average “Moderate Buy” rating. While most recent estimate changes were positive, Zacks reduced its first-quarter 2028 EPS forecast to $0.14 and projects only $0.02 for full-year 2028, underscoring the cyclical nature of refining earnings.
  • Negative Sentiment: Delek plans to issue $400 million of convertible senior notes due 2031. The notes will be senior unsecured obligations and guaranteed by certain subsidiaries. The financing could strengthen liquidity or support corporate purposes, but it also adds debt and may dilute existing shareholders if converted into equity. The announcement is likely weighing on sentiment, particularly given Delek’s already high leverage and weak liquidity ratios. Delek US Announces Proposed Offering of Convertible Senior Notes

Analyst Upgrades and Downgrades

Several research analysts have commented on DK shares. The Goldman Sachs Group boosted their target price on Delek US from $73.00 to $83.00 and gave the stock a “buy” rating in a research note on Tuesday, August 18th. Morgan Stanley raised their price target on shares of Delek US from $45.00 to $81.00 and gave the company an “equal weight” rating in a research note on Monday, September 14th. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 9th. Weiss Ratings upgraded shares of Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a research report on Thursday, August 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Delek US from $57.00 to $62.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Delek US currently has a consensus rating of “Moderate Buy” and an average price target of $65.45.

View Our Latest Stock Analysis on Delek US

Delek US Trading Down 5.0%

The company has a current ratio of 0.76, a quick ratio of 0.47 and a debt-to-equity ratio of 7.53. The firm has a market capitalization of $4.20 billion, a price-to-earnings ratio of 19.31, a P/E/G ratio of 0.36 and a beta of 0.59. The firm’s 50-day moving average is $68.93 and its 200 day moving average is $53.71.

Delek US (NYSE:DK – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $2.81. Delek US had a net margin of 1.86% and a return on equity of 109.03%. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same quarter last year, the firm earned ($0.56) earnings per share. The company’s revenue for the quarter was up 47.9% on a year-over-year basis. On average, equities analysts predict that Delek US Holdings, Inc. will post 16.06 earnings per share for the current fiscal year.

Delek US Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Monday, August 3rd were issued a dividend of $0.255 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $1.02 annualized dividend and a yield of 1.5%. Delek US’s payout ratio is presently 28.65%.

Insider Transactions at Delek US

In related news, Director William J. Finnerty sold 2,943 shares of Delek US stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $77.17, for a total value of $227,111.31. Following the transaction, the director directly owned 30,405 shares of the company’s stock, valued at $2,346,353.85. The trade was a 8.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Vicky Sutil sold 6,397 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $71.50, for a total value of $457,385.50. Following the completion of the sale, the director owned 26,407 shares in the company, valued at $1,888,100.50. The trade was a 19.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 168,377 shares of company stock worth $11,339,985. 3.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Delek US during the second quarter worth $275,233,000. Norges Bank acquired a new position in Delek US in the fourth quarter valued at $48,374,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Delek US by 1,173.2% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 954,900 shares of the oil and gas company’s stock valued at $28,322,000 after acquiring an additional 879,900 shares during the last quarter. Bank of America Corp DE bought a new stake in Delek US during the second quarter valued at $37,664,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Delek US during the 2nd quarter worth about $22,987,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Company Profile

(Get Free Report)

Delek US Holdings, Inc (NYSE: DK) is a downstream energy company engaged primarily in petroleum refining, wholesale fuel marketing and logistics. The company produces transportation fuels and other refined petroleum products, including gasoline, diesel, jet fuel and asphalt.

Delek US operates refineries in the southern United States, including facilities in Texas, Arkansas and Louisiana. Its refining operations are supported by crude oil gathering, transportation, storage and other logistics activities conducted through Delek Logistics Partners, a publicly traded master limited partnership that is managed and partially owned by Delek US.

Founded in 2001 and headquartered in Brentwood, Tennessee, Delek US serves regional markets across the central and southeastern United States.

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