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

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

Key Delek US News

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

Wall Street Analysts Forecast Growth

DK has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Weiss Ratings upgraded Delek US from a “sell (d+)” rating to a “hold (c+)” rating in a report on Thursday, August 6th. Morgan Stanley raised their price objective on shares of Delek US from $45.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Monday, September 14th. Mizuho lifted their price objective on shares of Delek US from $60.00 to $66.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Finally, Raymond James Financial boosted their target price on shares of Delek US from $72.00 to $90.00 and gave the company an “outperform” rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.45.

Delek US Price Performance

The business has a 50-day moving average of $68.93 and a 200 day moving average of $53.71. 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 P/E ratio of 19.31, a price-to-earnings-growth ratio of 0.36 and a beta of 0.59.

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

Delek US Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, August 3rd. Delek US’s dividend payout ratio (DPR) is currently 28.65%.

Insiders Place Their Bets

In other Delek US news, Director William J. Finnerty sold 2,943 shares of the company’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $77.17, for a total transaction of $227,111.31. Following the transaction, the director owned 30,405 shares in the company, valued at approximately $2,346,353.85. This represents a 8.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Vicky Sutil sold 6,397 shares of the firm’s stock in a transaction on Friday, September 4th. The shares were sold at an average price of $71.50, for a total transaction of $457,385.50. Following the completion of the transaction, the director directly owned 26,407 shares in the company, valued at $1,888,100.50. This trade represents 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. Insiders have sold a total of 168,377 shares of company stock worth $11,339,985 in the last quarter. Insiders own 3.56% of the company’s stock.

Institutional Investors Weigh In On Delek US

Several hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in shares of Delek US in the 2nd quarter worth about $275,233,000. Norges Bank acquired a new position in Delek US during the 4th quarter valued at about $48,374,000. Arrowstreet Capital Limited Partnership increased its holdings in Delek US by 26.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,596,093 shares of the oil and gas company’s stock worth $71,936,000 after purchasing an additional 335,892 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Delek US by 19.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,136,720 shares of the oil and gas company’s stock worth $51,232,000 after purchasing an additional 181,820 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Delek US by 118.0% in the first quarter. Bank of America Corp DE now owns 846,204 shares of the oil and gas company’s stock worth $38,138,000 after purchasing an additional 458,004 shares during the last quarter. 97.01% of the stock is owned by institutional investors.

About Delek US

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.