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

Delek US Holdings, Inc. (NYSE:DK) was the recipient of a significant increase in short interest in 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 daily volume of 1,190,000 shares, the short-interest ratio is presently 8.0 days. Approximately 15.6% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

DK has been the topic of several analyst reports. Scotiabank lowered 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 report on Thursday, October 10th. Mizuho decreased their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a research note on Friday, January 3rd. JPMorgan Chase & Co. increased their price target on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Finally, Bank of America began coverage on Delek US in a research report on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price objective for the company. Five analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $21.00.

Institutional Trading of Delek US

Hedge funds and other institutional investors have recently modified their holdings of the company. River Road Asset Management LLC raised its holdings in shares of Delek US by 1.1% in the third quarter. River Road Asset Management LLC now owns 4,100,268 shares of the oil and gas company’s stock valued at $76,880,000 after purchasing an additional 45,949 shares during the last quarter. Victory Capital Management Inc. lifted its position in Delek US by 17.2% during the 3rd quarter. Victory Capital Management Inc. now owns 3,279,590 shares of the oil and gas company’s stock worth $61,492,000 after buying an additional 480,614 shares in the last quarter. State Street Corp lifted its position in Delek US by 8.0% during the 3rd quarter. State Street Corp now owns 3,019,307 shares of the oil and gas company’s stock worth $56,612,000 after buying an additional 223,110 shares in the last quarter. Rubric Capital Management LP bought a new position in shares of Delek US in the 3rd quarter valued at about $37,500,000. Finally, FMR LLC increased its position in shares of Delek US by 47.3% in the third quarter. FMR LLC now owns 1,707,773 shares of the oil and gas company’s stock valued at $32,021,000 after acquiring an additional 548,777 shares during the last quarter. Institutional investors and hedge funds own 97.01% of the company’s stock.

Delek US Trading Down 1.0 %

Shares of NYSE:DK traded down $0.19 during mid-day trading on Friday, reaching $19.83. The stock had a trading volume of 799,034 shares, compared to its average volume of 995,872. The firm has a market cap of $1.25 billion, a PE ratio of -4.08 and a beta of 1.22. The firm has a 50 day simple moving average of $18.33 and a two-hundred day simple moving average of $19.40. The company has a current ratio of 1.04, a quick ratio of 0.67 and a debt-to-equity ratio of 3.18. Delek US has a twelve month low of $15.36 and a twelve month high of $33.60.

Delek US (NYSE:DK) last posted its 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. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period in the previous year, the company posted $2.02 earnings per share. The company’s revenue for the quarter was down 34.3% on a year-over-year basis. On average, research analysts predict that Delek US will post -4.71 EPS for the current fiscal year.

Delek US Announces Dividend

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

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.