Delek US Holdings Inc declines amid sector weakness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 18 2024
0mins
Should l Buy DK?
Delek US Holdings Inc experienced a price drop of 7.24%, crossing below its 5-day SMA. This decline is part of a broader trend in the oil and gas refining and marketing sector, which saw a decrease of approximately 0.8% on the same day, with Delek leading the decline at 3.9%.
The stock's performance is attributed to sector rotation, as the oil and gas refining and marketing stocks are identified as laggards in the market. Despite the Nasdaq-100 showing a slight gain of 0.37%, Delek's decline reflects the challenges faced by its sector, which is struggling amid overall market conditions.
Investors may need to reassess their positions in Delek US Holdings Inc as the company navigates through a challenging environment. The stock's movement suggests a need for caution, particularly as the sector continues to face headwinds.
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Analyst Views on DK
Wall Street analysts forecast DK stock price to rise
9 Analyst Rating
2 Buy
7 Hold
0 Sell
Hold
Current: 38.000
Low
33.00
Averages
41.00
High
53.00
Current: 38.000
Low
33.00
Averages
41.00
High
53.00
About DK
Delek US Holdings, Inc. is a diversified downstream energy company with assets in petroleum refining, logistics, pipelines, and renewable fuels. The Company's segments include Refining and Logistics. The Refining segment processes crude oil and other feedstocks for the manufacture of transportation motor fuels, including various grades of gasoline, diesel fuel and aviation fuel, asphalt and other petroleum-based products that are distributed through owned and third-party product terminals. The Refining segment also owns three biodiesel facilities, located in Crossett, Arkansas, Cleburne, Texas and New Albany, Mississippi. The Logistics segment is engaged in gathering, transporting and storing crude oil and natural gas, marketing, distributing, transporting and storing intermediate and refined products and disposing and recycling water in select regions of the southeastern United States and North Dakota, the Midland Basin in Texas, the Delaware Basin in New Mexico and West Texas.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Delek US Declares Quarterly Dividend of $0.255 per Share
- Quarterly Dividend Announcement: Delek US (DK) has declared a quarterly dividend of $0.255 per share, consistent with previous distributions, indicating the company's stable cash flow and shareholder return strategy, which is likely to attract more investor interest.
- Dividend Yield: The forward yield of 2.68% reflects the company's competitiveness in the current market environment, potentially boosting shareholder confidence and stabilizing the stock price.
- Shareholder Record Date: The dividend is payable on May 8, with a record date of May 1 and an ex-dividend date also on May 1, ensuring that eligible shareholders receive their payouts promptly, thereby enhancing investor retention.
- Enterprise Optimization Plan: Delek US has raised its enterprise optimization plan target to a $200 million annual run rate, indicating the company's commitment to improving operational efficiency and financial performance as it accelerates economic separation from DKL.
See More
Delek US Appoints New Executive VP of Refining
- Executive Appointment: Delek US announced the appointment of Amber Russell as Executive Vice President of Refining, effective April 20, 2026, aimed at enhancing operational excellence and safety performance while driving strategic growth across the company's refining operations.
- Extensive Experience: Amber Russell brings nearly three decades of global energy industry experience, having held senior leadership roles at ExxonMobil and bp, showcasing exceptional leadership across refining, terminals, pipelines, and integrated operations.
- Strategic Focus: During her tenure as Senior Vice President at bp, Russell led a centralized organization focused on addressing critical risks and opportunities in oil and gas, refining, terminals, and pipelines, highlighting her deep industry expertise.
- Leadership Commitment: Delek's CEO Avigal Soreq expressed gratitude for Joseph Israel's contributions and emphasized that Amber's appointment is a significant step in strengthening and optimizing the refining platform, looking forward to her commitment to safe and reliable operations.
See More
Delek US Holdings Announces Quarterly Dividend of $0.255
- Quarterly Dividend Announcement: Delek US Holdings, Inc. has announced a quarterly dividend of $0.255 per share, payable on May 8, 2026, to shareholders of record on May 1, 2026, reflecting the company's commitment to returning value to its shareholders.
- Diversified Energy Company: Delek is a diversified downstream energy company with refining assets located in Texas, Arkansas, and Louisiana, boasting a combined crude throughput capacity of 302,000 barrels per day, which enhances its competitive position in the energy market.
- Logistics Business Expansion: Delek Logistics Partners, LP focuses on owning and operating midstream energy infrastructure assets, with Delek US Holdings and its subsidiaries owning approximately 63.3% of the partnership as of March 31, 2026, indicating a strategic focus on logistics.
- Forward-Looking Statement Risks: The company’s forward-looking statements are based on current expectations and involve various risks and uncertainties, cautioning investors that actual results may differ materially from those anticipated, necessitating careful consideration.
See More
Delek Logistics to Announce Q1 2026 Results
- Earnings Announcement Timing: Delek Logistics plans to release its Q1 2026 results before the U.S. stock market opens on April 29, 2026, indicating the company's commitment to timely financial disclosure and transparency for investors.
- Conference Call Schedule: The company will hold a conference call at 11:30 a.m. CT (12:30 p.m. ET) on April 29, 2026, aimed at enhancing investor confidence through direct communication regarding its financial performance and future outlook.
- Online Broadcast and Replay: The conference call will be available for live streaming on the company's website, with a replay accessible for 90 days, ensuring that investors who cannot attend live can still access critical information, thereby improving information accessibility.
- Company Background Information: Delek Logistics is a midstream energy master limited partnership headquartered in Brentwood, Tennessee, primarily providing pipeline transportation and other services in the Permian Basin and other selected areas, highlighting its significant role in the energy sector.
See More
Goldman Sachs Upgrades Par Pacific and Delek Ratings
- Rating Upgrade: Goldman Sachs upgraded Par Pacific (PARR) from Neutral to Buy with a price target of $77, driven by strong earnings expectations in Hawaii and undervalued mainland refiners, indicating robust fundamentals and positive estimate revisions.
- Market Outlook: Analysts highlighted that tighter refining supply-demand fundamentals and the scarcity of refined products should enhance earnings power for U.S. refiners, suggesting a constructive outlook for small-to-midcap refiners.
- Delek US Performance: Delek US Holdings (DK) was also upgraded to Buy with a target price of $55, based on forecasts for stronger free cash flow generation supported by self-help initiatives, including cost-reduction efforts and improved marketing strategies.
- CVR Energy and PBF Energy: Goldman maintained a Sell rating on CVR Energy (CVI) due to a focus on debt paydown, while keeping a Neutral rating on PBF Energy (PBF) as they await full recovery from the 2025 fire at the Martinez refinery.
See More
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- Shake Shack Sales Growth: Mizuho upgraded Shake Shack from neutral to outperform, anticipating upside in same-store sales for Q1, driven by strong demand and improved restaurant-level margins, indicating robust market momentum and growth potential.
- Nvidia Strong Performance: Raymond James reiterated a strong buy rating on Nvidia, based on favorable trends in its Asia supply chain, with suppliers receiving increased forecasts during the quarter, reinforcing Nvidia's position as a market leader.
See More
Delek US Declares Quarterly Dividend of $0.255 per Share
- Quarterly Dividend Announcement: Delek US (DK) has declared a quarterly dividend of $0.255 per share, consistent with previous distributions, indicating the company's stable cash flow and shareholder return strategy, which is likely to attract more investor interest.
- Dividend Yield: The forward yield of 2.68% reflects the company's competitiveness in the current market environment, potentially boosting shareholder confidence and stabilizing the stock price.
- Shareholder Record Date: The dividend is payable on May 8, with a record date of May 1 and an ex-dividend date also on May 1, ensuring that eligible shareholders receive their payouts promptly, thereby enhancing investor retention.
- Enterprise Optimization Plan: Delek US has raised its enterprise optimization plan target to a $200 million annual run rate, indicating the company's commitment to improving operational efficiency and financial performance as it accelerates economic separation from DKL.
See More
Delek US Appoints New Executive VP of Refining
- Executive Appointment: Delek US announced the appointment of Amber Russell as Executive Vice President of Refining, effective April 20, 2026, aimed at enhancing operational excellence and safety performance while driving strategic growth across the company's refining operations.
- Extensive Experience: Amber Russell brings nearly three decades of global energy industry experience, having held senior leadership roles at ExxonMobil and bp, showcasing exceptional leadership across refining, terminals, pipelines, and integrated operations.
- Strategic Focus: During her tenure as Senior Vice President at bp, Russell led a centralized organization focused on addressing critical risks and opportunities in oil and gas, refining, terminals, and pipelines, highlighting her deep industry expertise.
- Leadership Commitment: Delek's CEO Avigal Soreq expressed gratitude for Joseph Israel's contributions and emphasized that Amber's appointment is a significant step in strengthening and optimizing the refining platform, looking forward to her commitment to safe and reliable operations.
See More
Delek US Holdings Announces Quarterly Dividend of $0.255
- Quarterly Dividend Announcement: Delek US Holdings, Inc. has announced a quarterly dividend of $0.255 per share, payable on May 8, 2026, to shareholders of record on May 1, 2026, reflecting the company's commitment to returning value to its shareholders.
- Diversified Energy Company: Delek is a diversified downstream energy company with refining assets located in Texas, Arkansas, and Louisiana, boasting a combined crude throughput capacity of 302,000 barrels per day, which enhances its competitive position in the energy market.
- Logistics Business Expansion: Delek Logistics Partners, LP focuses on owning and operating midstream energy infrastructure assets, with Delek US Holdings and its subsidiaries owning approximately 63.3% of the partnership as of March 31, 2026, indicating a strategic focus on logistics.
- Forward-Looking Statement Risks: The company’s forward-looking statements are based on current expectations and involve various risks and uncertainties, cautioning investors that actual results may differ materially from those anticipated, necessitating careful consideration.
See More
Delek Logistics to Announce Q1 2026 Results
- Earnings Announcement Timing: Delek Logistics plans to release its Q1 2026 results before the U.S. stock market opens on April 29, 2026, indicating the company's commitment to timely financial disclosure and transparency for investors.
- Conference Call Schedule: The company will hold a conference call at 11:30 a.m. CT (12:30 p.m. ET) on April 29, 2026, aimed at enhancing investor confidence through direct communication regarding its financial performance and future outlook.
- Online Broadcast and Replay: The conference call will be available for live streaming on the company's website, with a replay accessible for 90 days, ensuring that investors who cannot attend live can still access critical information, thereby improving information accessibility.
- Company Background Information: Delek Logistics is a midstream energy master limited partnership headquartered in Brentwood, Tennessee, primarily providing pipeline transportation and other services in the Permian Basin and other selected areas, highlighting its significant role in the energy sector.
See More
Goldman Sachs Upgrades Par Pacific and Delek Ratings
- Rating Upgrade: Goldman Sachs upgraded Par Pacific (PARR) from Neutral to Buy with a price target of $77, driven by strong earnings expectations in Hawaii and undervalued mainland refiners, indicating robust fundamentals and positive estimate revisions.
- Market Outlook: Analysts highlighted that tighter refining supply-demand fundamentals and the scarcity of refined products should enhance earnings power for U.S. refiners, suggesting a constructive outlook for small-to-midcap refiners.
- Delek US Performance: Delek US Holdings (DK) was also upgraded to Buy with a target price of $55, based on forecasts for stronger free cash flow generation supported by self-help initiatives, including cost-reduction efforts and improved marketing strategies.
- CVR Energy and PBF Energy: Goldman maintained a Sell rating on CVR Energy (CVI) due to a focus on debt paydown, while keeping a Neutral rating on PBF Energy (PBF) as they await full recovery from the 2025 fire at the Martinez refinery.
See More
Wall Street's Latest Rating Changes Analysis
- MSG Sports Upgrade: Seaport upgraded Madison Square Garden Sports from neutral to buy, citing a significant 57.5% trading discount versus intrinsic value, suggesting a potential appreciation ahead of the 2025-26 season, particularly with plans to spin off the Knicks and Rangers into standalone entities.
- ServiceNow Downgrade: UBS downgraded ServiceNow from buy to neutral due to weakened confidence in the software sector, projecting a decline in 2026 free cash flow to 15x, reflecting increased budget pressures on non-AI applications that could impact future performance.
- Shake Shack Sales Growth: Mizuho upgraded Shake Shack from neutral to outperform, anticipating upside in same-store sales for Q1, driven by strong demand and improved restaurant-level margins, indicating robust market momentum and growth potential.
- Nvidia Strong Performance: Raymond James reiterated a strong buy rating on Nvidia, based on favorable trends in its Asia supply chain, with suppliers receiving increased forecasts during the quarter, reinforcing Nvidia's position as a market leader.
See More
