Delek US Holdings, Inc. (NYSE:DK) Short Interest Down 7.2% in August

Delek US Holdings, Inc. (NYSE:DK) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 6,840,000 shares, a decline of 7.2% from the August 15th total of 7,370,000 shares. Currently, 10.9% of the company’s shares are sold short. Based on an average daily volume of 1,120,000 shares, the days-to-cover ratio is currently 6.1 days.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wells Fargo & Company upped their target price on Delek US from $20.00 to $21.00 and gave the company an “underweight” rating in a research report on Tuesday, September 3rd. StockNews.com raised Delek US from a “sell” rating to a “hold” rating in a research report on Friday, September 13th. Piper Sandler decreased their price target on Delek US from $30.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, June 14th. Mizuho raised Delek US from an “underperform” rating to a “neutral” rating and decreased their price target for the stock from $28.00 to $26.00 in a research note on Monday. Finally, JPMorgan Chase & Co. raised Delek US from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $23.00 to $26.00 in a research note on Tuesday, September 10th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.27.

Delek US Trading Up 2.3 %

Shares of Delek US stock traded up $0.46 on Thursday, hitting $20.48. 143,289 shares of the company’s stock traded hands, compared to its average volume of 1,031,444. The firm’s 50-day moving average price is $21.09 and its two-hundred day moving average price is $25.23. The stock has a market capitalization of $1.31 billion, a PE ratio of -16.15 and a beta of 1.14. Delek US has a one year low of $18.35 and a one year high of $33.60. The company has a debt-to-equity ratio of 2.50, a current ratio of 0.98 and a quick ratio of 0.58.

Delek US (NYSE:DK) last released its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.92) EPS for the quarter, beating analysts’ consensus estimates of ($1.42) by $0.50. Delek US had a negative net margin of 0.69% and a negative return on equity of 4.53%. The business had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the prior year, the company earned $1.00 EPS. The firm’s quarterly revenue was down 18.4% on a year-over-year basis. On average, research analysts expect that Delek US will post -2.87 EPS for the current fiscal year.

Delek US Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 4.98%. The ex-dividend date of this dividend was Monday, August 12th. This is a boost from Delek US’s previous quarterly dividend of $0.20. Delek US’s dividend payout ratio is -82.26%.

Insider Transactions at Delek US

In related news, CEO Avigal Soreq purchased 5,651 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was purchased at an average price of $20.42 per share, for a total transaction of $115,393.42. Following the acquisition, the chief executive officer now directly owns 188,881 shares in the company, valued at $3,856,950.02. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.80% of the company’s stock.

Hedge Funds Weigh In On Delek US

A number of large investors have recently added to or reduced their stakes in the company. Newbridge Financial Services Group Inc. acquired a new position in shares of Delek US during the 1st quarter worth about $31,000. Quarry LP acquired a new position in shares of Delek US during the 2nd quarter worth about $43,000. TFO Wealth Partners LLC boosted its stake in shares of Delek US by 627,400.0% during the 4th quarter. TFO Wealth Partners LLC now owns 6,275 shares of the oil and gas company’s stock worth $162,000 after buying an additional 6,274 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Delek US during the 1st quarter worth about $172,000. Finally, Bailard Inc. acquired a new position in shares of Delek US during the 2nd quarter worth about $201,000. Institutional investors own 97.01% of the company’s stock.

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.