Delek US
DK

$19.52

1.11%

Market Cap: $1.26B

About: Delek US Holdings Inc is an integrated energy business focused on petroleum refining, transportation and storage; wholesale crude oil, intermediate, and refined products, and convenience stores retailing. The company owns and operates independent refineries that produce a variety of petroleum products for transportation and industrial markets in the United States. Delek's logistics segment sells portions of the petroleum products its refineries produce. The logistics segment generates revenue through gathering, transporting, and storing crude oil and intermediate products, as well as by marketing, storing, and distributing refined products. The company also offers a collection of retail fuel and convenience stores operating in the Southeast region of the United States.

Employees: 3,591

Energy Petroleum Refining

0

Funds holding %

of 6,686 funds

0

Analysts bullish %

of 8 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

215% more call options, than puts

Call options by funds: $17.2M | Put options by funds: $5.45M

200% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 3 (+2) [Q2]

18% more first-time investments, than exits

New positions opened: 45 | Existing positions closed: 38

3% more funds holding

Funds holding: 216 [Q1] → 223 (+7) [Q2]

3.16% less ownership

Funds ownership: 103.4% [Q1] → 100.24% (-3.16%) [Q2]

20% less repeat investments, than reductions

Existing positions increased: 66 | Existing positions reduced: 82

22% less capital invested

Capital invested by funds: $2.03B [Q1] → $1.59B (-$443M) [Q2]

See Fund Rankings

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$18

8%

downside

Avg. target

$22

15%

upside

High target

$27

38%

upside

8 analyst ratings

0 positive

0%

2 neutral

25%

6 negative

75%

Wells Fargo Roger Read 29% 1-year accuracy 22 / 76 met price target	8%upside $21	Underweight Maintained	3 Sept 2024
TD Cowen Jason Gabelman 42% 1-year accuracy 8 / 19 met price target	8%downside $18	Sell Maintained	8 Aug 2024
Wells Fargo Roger Read 29% 1-year accuracy 22 / 76 met price target	2%upside $20	Underweight Maintained	16 Jul 2024
Scotiabank Paul Cheng 24% 1-year accuracy 9 / 37 met price target	28%upside $25	Sector Perform Maintained	12 Jul 2024
JP Morgan John Royall 36% 1-year accuracy 4 / 11 met price target	18%upside $23	Underweight Maintained	2 Jul 2024

See Analyst Rankings

Financial journalist opinion

Based on 4 articles about DK published over the past 30 days

Zacks Investment Research

Delek US Holdings (DK) Up 1% Since Last Earnings Report: Can It Continue?

Delek US Holdings (DK) reported earnings 30 days ago. What's next for the stock?

Delek US Holdings (DK) Up 1% Since Last Earnings Report: Can It Continue?

Zacks Investment Research

Making Sense of Delek US Holdings' $400M Stock Buyback Plan

DK's latest repurchase expansion is supported by cash reserves of more than $650 million.

Making Sense of Delek US Holdings' $400M Stock Buyback Plan

Delek US Holdings Approves a $400 Million Increase in Its Share Repurchase Authorization

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek US Holdings, Inc. (NYSE: DK) (the "Company" or "Delek US") announced that its Board of Directors approved a $400 million increase in its share repurchase authorization, bringing the total amount available for repurchases under current authorizations to approximately $562 million. Avigal Soreq, President and Chief Executive Officer of Delek US, stated, "Generating value for our shareholders is a key priority and the enhanced share repurchase authorization.

Delek US Holdings Approves a $400 Million Increase in Its Share Repurchase Authorization

Zacks Investment Research

Delek (DK) Q2 Loss Narrower Than Expected, Sales Decline Y/Y

Delek (DK) expects a total crude throughput of 290,000-305,000 barrels per day and a total throughput of 301,000-315,000 barrels per day in the third quarter.

Delek (DK) Q2 Loss Narrower Than Expected, Sales Decline Y/Y

Delek US Holdings, Inc. (DK) Q2 2024 Earnings Call Transcript

Delek US Holdings, Inc. (NYSE:DK ) Q2 2024 Earnings Conference Call August 6, 2024 12:00 PM ET Company Participants Robert Wright - Deputy Chief Financial Officer Avigal Soreq - President & Chief Executive Officer Joseph Israel - Executive Vice President-Operations Reuven Spiegel - Executive Vice President & Chief Financial Officer Mark Hobbs - Executive Vice President-Corporate Development Conference Call Participants Manav Gupta - UBS Joe Leach - Morgan Stanley Neil Mehta - Goldman Sachs Matthew Blair - TPH John Royall - JPMorgan Roger Read - Wells Fargo Paul Cheng - Scotiabank Jason Gabelman - TD Cowen Operator Ladies and gentlemen, thank you for standing by. My name is Desiree, and I will be your conference operator today.

Delek US Holdings, Inc. (DK) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Delek US Holdings (DK) Reports Q2 Loss, Tops Revenue Estimates

Delek US Holdings (DK) came out with a quarterly loss of $0.92 per share versus the Zacks Consensus Estimate of a loss of $1.42. This compares to earnings of $1 per share a year ago.

Delek US Holdings (DK) Reports Q2 Loss, Tops Revenue Estimates

Zacks Investment Research

Delek (DK) to Sell Its Retail Business to Mexican Conglomerate

Delek's (DK) sale of its retail business to the Mexican conglomerate, FEMSA (FMX), should provide it with a competitive partner for increasing its retail fuel sales.

Delek (DK) to Sell Its Retail Business to Mexican Conglomerate

Delek US Holdings Reports Second Quarter 2024 Results

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek US Holdings, Inc. (NYSE: DK) (“Delek US”, "Company") today announced financial results for its second quarter ended June 30, 2024. “We are excited about the significant progress we have made on our `Sum of the Parts' efforts,” said Avigal Soreq, President and Chief Executive Officer of Delek US. “We concluded the strategic review of our retail assets. Following the review, we have announced the sale of our retail business to FEMSA. Delek US & Delek L.

Delek US Holdings Reports Second Quarter 2024 Results

Definitive Agreement Signed for FEMSA's Acquisition of Retail Assets from Delek US

NASHVILLE, Tenn--(BUSINESS WIRE)--FEMSA (NYSE:FMX) and Delek US Holdings, Inc. (NYSE:DK) (“Delek”) have entered into a definitive agreement, whereby a subsidiary of FEMSA will acquire 100% of the equity interests in the Delek subsidiaries that operate Delek's retail business (“Delek US Retail”) for cash consideration of $385 million (the “Transaction”), including the purchase of inventories. The transaction is anticipated to close sometime late in the third quarter or in the fourth quarter 2024.

Definitive Agreement Signed for FEMSA's Acquisition of Retail Assets from Delek US

Delek US Holdings Increases Regular Quarterly Dividend

BRENTWOOD, Tenn.--(BUSINESS WIRE)--Delek US Holdings, Inc. (the “Company” or “Delek US”) announced that its Board of Directors has approved a $0.005 per share increase in the regular quarterly dividend to $0.255 per share, to be paid on August 19, 2024, to shareholders of record on August 12, 2024. About Delek US Holdings, Inc. Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines, renewable fuels and convenience store retaili.

Delek US Holdings Increases Regular Quarterly Dividend

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