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

Delek US Holdings, Inc. (NYSE:DK) was the target of a large decrease in short interest in July. As of July 31st, there was short interest totalling 5,660,000 shares, a decrease of 7.2% from the July 15th total of 6,100,000 shares. Based on an average trading volume of 1,010,000 shares, the short-interest ratio is currently 5.6 days. Currently, 9.0% of the shares of the stock are short sold.

Delek US Stock Performance

Shares of Delek US stock opened at $20.43 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.64 and a debt-to-equity ratio of 2.40. The stock’s fifty day moving average price is $22.85 and its 200-day moving average price is $26.34. The firm has a market cap of $1.31 billion, a P/E ratio of -16.48 and a beta of 1.19. Delek US has a 12 month low of $19.33 and a 12 month high of $33.60.

Delek US (NYSE:DK) last posted its earnings results 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 0.48% and a positive return on equity of 7.37%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same quarter last year, the firm posted $1.00 EPS. The company’s revenue for the quarter was down 18.4% on a year-over-year basis. On average, equities research analysts expect that Delek US will post -2.83 earnings per share for the current fiscal year.

Delek US Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were paid a $0.255 dividend. This is an increase from Delek US’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.02 dividend on an annualized basis and a yield of 4.99%. Delek US’s payout ratio is -82.26%.

Insider Transactions at Delek US

In other Delek US news, Director Richard J. Marcogliese acquired 2,750 shares of the stock in a transaction on Wednesday, June 12th. The stock was acquired at an average price of $23.99 per share, for a total transaction of $65,972.50. Following the completion of the transaction, the director now directly owns 42,863 shares of the company’s stock, valued at $1,028,283.37. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Avigal Soreq bought 5,651 shares of the company’s stock in a transaction dated 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 owns 188,881 shares in the company, valued at $3,856,950.02. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Richard J. Marcogliese purchased 2,750 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The shares were bought at an average price of $23.99 per share, for a total transaction of $65,972.50. Following the acquisition, the director now directly owns 42,863 shares in the company, valued at approximately $1,028,283.37. The disclosure for this purchase can be found here. Insiders have sold 2,854 shares of company stock valued at $65,603 in the last ninety days. Corporate insiders own 1.80% of the company’s stock.

Institutional Trading of Delek US

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Newbridge Financial Services Group Inc. purchased a new position in shares of Delek US in the 1st quarter worth approximately $31,000. Quarry LP purchased a new position in Delek US in the second quarter worth $43,000. Strs Ohio purchased a new position in Delek US in the fourth quarter worth $95,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Delek US during the first quarter worth $172,000. Finally, TFO Wealth Partners LLC lifted its holdings 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 valued at $162,000 after purchasing an additional 6,274 shares during the last quarter. Institutional investors own 97.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. TD Cowen reduced their target price on shares of Delek US from $19.00 to $18.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company decreased their price objective on shares of Delek US from $25.00 to $20.00 and set an “underweight” rating for the company in a research note on Tuesday, July 16th. Mizuho dropped their target price on Delek US from $31.00 to $27.00 and set an “underperform” rating for the company in a research report on Thursday, June 20th. Wolfe Research assumed coverage on Delek US in a report on Thursday, July 18th. They issued an “underperform” rating and a $19.00 price target on the stock. Finally, Scotiabank dropped their price objective on Delek US from $27.00 to $25.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Five analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.30.

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.