Delek US Holdings, Inc. (NYSE:DK) Sees Large Increase in Short Interest

Delek US Holdings, Inc. (NYSE:DK) was the recipient of a large increase in short interest in 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. Approximately 15.6% of the company’s stock are short sold. Based on an average trading volume of 1,190,000 shares, the days-to-cover ratio is currently 8.0 days.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DK. Mizuho cut their price target 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. Wells Fargo & Company reduced their target price 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. boosted their price target on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Wolfe Research raised Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Finally, Scotiabank decreased their target price on Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, October 10th. Five analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, Delek US presently has an average rating of “Hold” and an average target price of $21.00.

Hedge Funds Weigh In On Delek US

Several institutional investors have recently bought and sold shares of DK. Mutual Advisors LLC grew its stake in shares of Delek US by 26.3% in the fourth quarter. Mutual Advisors LLC now owns 65,754 shares of the oil and gas company’s stock worth $1,316,000 after acquiring an additional 13,689 shares in the last quarter. Clear Harbor Asset Management LLC purchased a new stake in Delek US during the 4th quarter worth about $920,000. ARS Investment Partners LLC acquired a new stake in Delek US in the 4th quarter valued at about $185,000. Wedge Capital Management L L P NC grew its holdings in Delek US by 8.5% during the 4th quarter. Wedge Capital Management L L P NC now owns 31,856 shares of the oil and gas company’s stock worth $589,000 after acquiring an additional 2,493 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Delek US by 76.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 482,169 shares of the oil and gas company’s stock valued at $9,041,000 after purchasing an additional 209,474 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Trading Down 1.0 %

DK stock traded down $0.19 during trading on Monday, reaching $19.83. 799,034 shares of the stock were exchanged, compared to its average volume of 995,872. 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 firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -4.08 and a beta of 1.22. The business has a 50 day moving average price of $18.33 and a 200-day moving average price of $19.40. Delek US has a 1 year low of $15.36 and a 1 year high of $33.60.

Delek US (NYSE:DK) last announced its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating the consensus estimate of ($1.71) by $0.26. The business had revenue of $3.04 billion for the quarter, compared to analyst estimates 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 quarterly revenue was down 34.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.02 EPS. On average, research analysts predict that Delek US will post -4.71 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Tuesday, November 12th were paid 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 payout ratio is presently -20.99%.

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.