Delek US Holdings, Inc. (NYSE:DK) Short Interest Up 5.7% in January

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on DK shares. Wells Fargo & Company decreased their target price on Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, December 9th. Scotiabank reduced their price target on Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. JPMorgan Chase & Co. lifted their price target on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Bank of America assumed coverage on Delek US in a research report on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price target for the company. Finally, Mizuho reduced their target price on Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Five research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, Delek US presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Hedge Funds Weigh In On Delek US

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DK. F M Investments LLC lifted its holdings in shares of Delek US by 0.5% during the 3rd quarter. F M Investments LLC now owns 174,652 shares of the oil and gas company’s stock valued at $3,275,000 after buying an additional 807 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Delek US by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,415 shares of the oil and gas company’s stock worth $827,000 after purchasing an additional 1,282 shares during the period. Orion Portfolio Solutions LLC raised its holdings in Delek US by 7.6% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 18,254 shares of the oil and gas company’s stock worth $342,000 after purchasing an additional 1,292 shares during the period. Wedge Capital Management L L P NC raised its holdings in Delek US by 5.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 29,363 shares of the oil and gas company’s stock worth $551,000 after purchasing an additional 1,419 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Delek US by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,733 shares of the oil and gas company’s stock worth $145,000 after purchasing an additional 1,508 shares during the period. 97.01% of the stock is owned by institutional investors.

Delek US Stock Up 1.2 %

DK stock opened at $18.08 on Tuesday. Delek US has a fifty-two week low of $15.36 and a fifty-two week high of $33.60. The business’s 50 day moving average price is $18.33 and its two-hundred day moving average price is $19.09. 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 has a market capitalization of $1.14 billion, a price-to-earnings ratio of -3.72 and a beta of 1.20.

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, topping the consensus estimate of ($1.71) by $0.26. The company 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 firm’s quarterly revenue was down 34.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.02 EPS. As a group, analysts forecast that Delek US will post -5.5 earnings per share for the current fiscal year.

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.