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

Delek US Holdings, Inc. (NYSE:DKGet Free Report) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 9,570,000 shares, a growth of 5.7% from the December 15th total of 9,050,000 shares. Approximately 15.6% of the shares of the stock are short sold. Based on an average trading volume of 1,190,000 shares, the short-interest ratio is presently 8.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Mutual Advisors LLC boosted its holdings in 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 valued at $1,316,000 after acquiring an additional 13,689 shares during the last quarter. Clear Harbor Asset Management LLC bought a new position in shares of Delek US in the fourth quarter valued at $920,000. ARS Investment Partners LLC purchased a new stake in shares of Delek US in the fourth quarter worth approximately $185,000. Wedge Capital Management L L P NC lifted its stake 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 valued at $589,000 after acquiring an additional 2,493 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in 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 worth $9,041,000 after purchasing an additional 209,474 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Delek US Trading Down 1.0 %

DK stock opened at $19.83 on Tuesday. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. The company has a market capitalization of $1.25 billion, a PE ratio of -4.08 and a beta of 1.22. Delek US has a 52 week low of $15.36 and a 52 week high of $33.60. The company’s 50-day simple moving average is $18.33 and its 200 day simple moving average is $19.40.

Delek US (NYSE:DKGet Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the previous year, the firm earned $2.02 earnings per share. Delek US’s revenue for the quarter was down 34.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Delek US will post -4.71 earnings per share for the current year.

Delek US Announces Dividend

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

Analyst Ratings Changes

Several equities analysts have issued reports on DK shares. Mizuho reduced their price objective on Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Bank of America initiated coverage on Delek US in a report on Thursday, October 17th. They issued an “underperform” rating and a $15.00 price objective for the company. Wolfe Research upgraded shares of Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Wells Fargo & Company dropped their price objective on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a report on Monday, December 9th. Finally, Scotiabank reduced their target price on shares of 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 investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.00.

Check Out Our Latest Report on DK

Delek US Company Profile

(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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