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

Delek US Holdings, Inc. (NYSE:DK) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 9,570,000 shares, an increase 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 days-to-cover ratio is currently 8.0 days. Approximately 15.6% of the shares of the company are short sold.

Delek US Trading Down 1.0 %

Delek US stock opened at $19.83 on Tuesday. Delek US has a 12 month low of $15.36 and a 12 month high of $33.60. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. The business’s fifty day simple moving average is $18.33 and its two-hundred day simple moving average is $19.40. 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 announced its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.71) by $0.26. The company had revenue of $3.04 billion during the quarter, compared to analyst estimates of $3.23 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm’s revenue for the quarter was down 34.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.02 EPS. As a group, equities analysts predict that Delek US will post -4.71 earnings per share for the current fiscal year.

Delek US Dividend Announcement

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

Institutional Investors Weigh In On Delek US

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

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Mizuho reduced their target price on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. boosted their price target on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Scotiabank decreased their target price on shares of 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. Finally, Bank of America started coverage on Delek US in a research report on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price objective on the stock. Five research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.00.

About Delek US

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.