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

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

Delek US Stock Performance

Shares of NYSE:DK traded down $0.19 on Friday, reaching $19.83. 799,034 shares of the company’s 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 company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -4.08 and a beta of 1.22. The company has a fifty day moving average of $18.33 and a 200-day moving average of $19.40. 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 quarterly earnings data 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 business had revenue of $3.04 billion during the quarter, compared to analysts’ expectations of $3.23 billion. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. Delek US’s 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 earnings per share. On average, research analysts predict that Delek US will post -4.71 EPS for the current fiscal year.

Delek US Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its position in Delek US by 53.7% in the second quarter. Envestnet Asset Management Inc. now owns 80,782 shares of the oil and gas company’s stock valued at $2,000,000 after buying an additional 28,216 shares in the last quarter. Renaissance Technologies LLC lifted its stake in shares of Delek US by 8.6% in the 2nd quarter. Renaissance Technologies LLC now owns 298,469 shares of the oil and gas company’s stock valued at $7,390,000 after acquiring an additional 23,628 shares during the last quarter. Seven Eight Capital LP boosted its holdings in shares of Delek US by 304.9% during the 2nd quarter. Seven Eight Capital LP now owns 40,777 shares of the oil and gas company’s stock valued at $1,010,000 after acquiring an additional 30,707 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Delek US during the 2nd quarter worth $1,941,000. Finally, Thrivent Financial for Lutherans acquired a new position in Delek US in the 2nd quarter worth about $2,706,000. Institutional investors own 97.01% of the company’s stock.

Analysts Set New Price Targets

DK has been the subject of a number of research analyst reports. 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 report on Thursday, October 10th. JPMorgan Chase & Co. lifted their target price on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Bank of America started coverage on shares of Delek US in a research report on Thursday, October 17th. They set an “underperform” rating and a $15.00 price objective for the company. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Finally, Mizuho reduced their target price on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Five analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to data from MarketBeat, the stock 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.