Delek US Holdings, Inc. (NYSE:DK) Short Interest Update

Delek US Holdings, Inc. (NYSE:DK) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 9,570,000 shares, a growth of 5.7% from the December 15th total of 9,050,000 shares. Based on an average trading volume of 1,190,000 shares, the short-interest ratio is currently 8.0 days. Approximately 15.6% of the company’s stock are short sold.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DK shares. Mizuho reduced their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Scotiabank dropped their price target on Delek US from $25.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company reduced their price objective on Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Monday, December 9th. JPMorgan Chase & Co. raised their target price on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. Five analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, Delek US presently has an average rating of “Hold” and a consensus price target of $21.00.

Delek US Stock Performance

DK traded down $0.19 during trading on Monday, reaching $19.83. The company’s stock had a trading volume of 799,034 shares, compared to its average volume of 995,872. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The company’s fifty day moving average price is $18.33 and its 200-day moving average price is $19.40. Delek US has a 52-week low of $15.36 and a 52-week high of $33.60. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -4.08 and a beta of 1.22.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The company’s revenue for the quarter was down 34.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.02 earnings per share. On average, equities analysts forecast that Delek US will post -4.71 earnings per share for the current fiscal year.

Delek US Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were issued a $0.255 dividend. The ex-dividend date of this dividend was Tuesday, November 12th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.14%. Delek US’s dividend payout ratio is presently -20.99%.

Institutional Trading of Delek US

A number of institutional investors have recently added to or reduced their stakes in DK. Quarry LP purchased a new position in shares of Delek US in the second quarter valued at $43,000. Farther Finance Advisors LLC increased its holdings in Delek US by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock valued at $145,000 after acquiring an additional 1,508 shares in the last quarter. ARS Investment Partners LLC acquired a new position in Delek US during the fourth quarter worth about $185,000. Capstone Investment Advisors LLC purchased a new position in shares of Delek US during the 3rd quarter worth approximately $193,000. Finally, MQS Management LLC acquired a new position in shares of Delek US during the 3rd quarter worth approximately $201,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Delek US Company Profile

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.