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

Delek US Holdings, Inc. (NYSE:DKGet Free Report) was the recipient of a large increase in short interest during the month of March. As of March 15th, there was short interest totalling 8,060,000 shares, an increase of 8.8% from the February 29th total of 7,410,000 shares. Approximately 13.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,000,000 shares, the days-to-cover ratio is currently 8.1 days.

Wall Street Analyst Weigh In

DK has been the topic of several research reports. Citigroup initiated coverage on Delek US in a research report on Wednesday, January 24th. They issued a “neutral” rating on the stock. StockNews.com lowered Delek US from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Mizuho lifted their target price on Delek US from $26.00 to $30.00 and gave the stock an “underperform” rating in a research report on Friday, March 22nd. Wells Fargo & Company lifted their target price on Delek US from $21.00 to $26.00 and gave the stock an “underweight” rating in a research report on Wednesday, March 20th. Finally, Bank of America lifted their target price on Delek US from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $28.29.

View Our Latest Stock Analysis on DK

Delek US Stock Performance

Shares of DK traded up $0.86 during mid-day trading on Wednesday, reaching $32.47. 474,776 shares of the company’s stock traded hands, compared to its average volume of 1,031,119. The business’s 50-day moving average price is $27.88 and its 200-day moving average price is $27.01. The stock has a market capitalization of $2.08 billion, a P/E ratio of 143.68 and a beta of 1.32. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.63 and a current ratio of 0.99. Delek US has a 12 month low of $19.39 and a 12 month high of $32.54.

Delek US (NYSE:DKGet Free Report) last announced its earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) EPS for the quarter, missing the consensus estimate of ($1.28) by ($0.18). The firm had revenue of $4.05 billion for the quarter, compared to the consensus estimate of $3.55 billion. Delek US had a return on equity of 18.27% and a net margin of 0.12%. Delek US’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. Equities analysts predict that Delek US will post 1.43 earnings per share for the current year.

Delek US Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, March 1st were given a dividend of $0.245 per share. This represents a $0.98 annualized dividend and a yield of 3.02%. This is an increase from Delek US’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 29th. Delek US’s dividend payout ratio is presently 445.45%.

Insider Buying and Selling at Delek US

In other Delek US news, CFO Robert G. Wright sold 2,123 shares of the stock in a transaction on Monday, February 12th. The stock was sold at an average price of $28.50, for a total transaction of $60,505.50. Following the sale, the chief financial officer now owns 18,925 shares in the company, valued at approximately $539,362.50. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders have sold 4,976 shares of company stock worth $135,738. 0.35% of the stock is owned by insiders.

Hedge Funds Weigh In On Delek US

Several hedge funds have recently bought and sold shares of the business. IFP Advisors Inc acquired a new stake in shares of Delek US in the third quarter valued at approximately $28,000. Spirit of America Management Corp NY acquired a new position in Delek US in the 4th quarter valued at about $26,000. Comerica Bank bought a new stake in Delek US in the 3rd quarter valued at about $29,000. BluePath Capital Management LLC bought a new stake in Delek US in the 3rd quarter valued at about $30,000. Finally, Advisor Group Holdings Inc. lifted its holdings in shares of Delek US by 44.3% during the 1st quarter. Advisor Group Holdings Inc. now owns 1,582 shares of the oil and gas company’s stock worth $33,000 after acquiring an additional 486 shares during the period. 97.01% of the stock is owned by institutional investors and hedge funds.

About Delek US

(Get Free Report)

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.

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