Delek US Holdings

Delek US Holdings is a holding company. Through its subsidiaries, the company is engaged in the downstream energy business focused on petroleum refining, the transportation, storage and wholesale distribution of crude oil, intermediate and refined products and convenience store retailing. The company's segments are: refining, which processes crude oil and other feedstocks for the manufacture of transportation motor fuels; logistics, which gathers, transports and stores crude oil and markets, distributes, transports and stores refined products; and retail, which includes the operations of Alon USA Energy, Inc.'s convenience store sites located primarily in central and West Texas and New Mexico.
  • TickerDK
  • ISINUS24665A1034
  • ExchangeNew York Stock Exchange
  • SectorOil & Gas Producers
  • CountryUnited States

Delek US Holdings, Inc.: Update to credit analysis - recovering earnings will improve leverage

Delek US Holdings has very good liquidity and benefits from discounted local crudes, offset by its modest scale with 302 mbpd of total capacity.

DELEK US HOLDINGS sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of DELEK US HOLDINGS (US), active in the Exploration & Production industry. As regards its fundamental valuation, the title now shows 2 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date May 14, 2021, the closing price was USD 22.09 and its target price was estimated at USD 14.82.

Valens Research

Valens Equity Insights and Inflections - 2021 04 27

Current market expectations for LGIH are overly pessimistic. Markets expect UAFRS-based ROA (Uniform ROA or ROA') to drop to by roughly half, with growth being cut by two-thirds going forward. The market is not recognizing the secular tailwinds for LGI Homes from its own strategy, or the at-home revolution, and how both will continue to power strong profitability going forward. As one of the last homebuilders making the shift from a regional homebuilder to a national one, LGI Homes has significant growth trends, thanks to their strong execution for the business also. On top of that, as mor...

Valens Research

DK - Embedded Expectations Analysis - 2021 04 21

Delek US Holdings, Inc. (DK:USA) currently trades at a premium relative to UAFRS-based (Uniform) assets, with a 1.4x Uniform P/B. At these levels, the market is pricing in expectations for profitability to inflect positively, but management appears concerned about shareholder returns, the acquisition of GCE Holdings, and the Bakersfield refinery start-up Specifically, management may lack confidence in their ability to return cash to shareholders and avoid renewable diesel execution risks. Furthermore, they may be exaggerating the benefits of acquiring GCE Holdings Acquisitions and they may ha...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Dramatic improvement Encouraging developments continue to pour in. Over the past week we have seen dramatic improvements that could be setting the stage for a broad-based advance. We highlight these improvements below, along with what we would like to see in order to have confidence in labeling this a bull market. • 10-year Treasury yield. We continue to believe that a bottom in Treasury yields is necessary before we see a decisive breakout for the broad equity market. We are seeing signs of this bottom happening -- not only in the absolute chart of the 10-year Treasury yield, but also in ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Booster Shots: Attractive bottom-fishing stocks

For investors looking for bottom-fishing candidates; stocks that are breaking downtrends, exhibiting ascending reaction lows, and showing stabilizing relative strength.

Delek Us Holdings Inc: 1 director bought

A director at Delek Us Holdings Inc bought 11,000 shares at 16.922USD and the significance rating of the trade was 78/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names...

Valens Research

Valens Equity Insights and Inflections - 2021 04 27

Current market expectations for LGIH are overly pessimistic. Markets expect UAFRS-based ROA (Uniform ROA or ROA') to drop to by roughly half, with growth being cut by two-thirds going forward. The market is not recognizing the secular tailwinds for LGI Homes from its own strategy, or the at-home revolution, and how both will continue to power strong profitability going forward. As one of the last homebuilders making the shift from a regional homebuilder to a national one, LGI Homes has significant growth trends, thanks to their strong execution for the business also. On top of that, as mor...

Valens Research

DK - Embedded Expectations Analysis - 2021 04 21

Delek US Holdings, Inc. (DK:USA) currently trades at a premium relative to UAFRS-based (Uniform) assets, with a 1.4x Uniform P/B. At these levels, the market is pricing in expectations for profitability to inflect positively, but management appears concerned about shareholder returns, the acquisition of GCE Holdings, and the Bakersfield refinery start-up Specifically, management may lack confidence in their ability to return cash to shareholders and avoid renewable diesel execution risks. Furthermore, they may be exaggerating the benefits of acquiring GCE Holdings Acquisitions and they may ha...

Valens Research

Valens Equity Insights and Inflections - 2020 08 11

WMT currently trades above corporate averages relative to Uniform earnings with a 30.0x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to expand from 9% in 2020 to 14% in 2025, accompanied by 1% Uniform asset shrinkage going forward. Meanwhile, analysts have less bullish expectations, projecting Uniform ROA to maintain 9% levels through 2022, accompanied by 2% Uniform asset shrinkage. Furthermore, management may be concerned about growth, margins, and e-commerce. Current valuations appear to be pricing in overly bullish expectations for WMT, and if the com...

Delek US Holdings, Inc.: Update to credit analysis - recovering earnings will improve leverage

Delek US Holdings has very good liquidity and benefits from discounted local crudes, offset by its modest scale with 302 mbpd of total capacity.

Moody's announces completion of a periodic review of ratings of Delek US Holdings, Inc.

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Delek US Holdings, Inc.. Global Credit Research- 07 Aug 2020. New York, August 07, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Delek US Holdings, Inc. and other ratings that are associated with the same analytical unit.

Moody's rates Delek US Holdings' incremental term loan B1

Rating Action: Moody's rates Delek US Holdings' incremental term loan B1. Global Credit Research- 07 May 2020. New York, May 07, 2020-- Moody's Investors Service assigned a B1 rating to Delek US Holdings, Inc.' s proposed $200 million incremental term loan due 2025. The net proceeds from the term loan issuance will be used for general corporate purposes.

Delek US Holdings, Inc.: Update to credit analysis - modest scale refiner with moderate leverage

The Ba3 CFR and stable outlook is supported by Delek's moderate leverage, a large cash balance and very good liquidity even in a depressed commodity price environment.

Delek US Holdings, Inc.: Incremental term loan B does not impact ratings

Delek's (Ba3 stable) ratings and outlook are not affected by the $150mm incremental term loan B to debt finance its Permian gathering activities and Wink to Webster pipeline investment.

DELEK US HOLDINGS sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of DELEK US HOLDINGS (US), active in the Exploration & Production industry. As regards its fundamental valuation, the title now shows 2 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date May 14, 2021, the closing price was USD 22.09 and its target price was estimated at USD 14.82.

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