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

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 8,300,000 shares, a growth of 7.8% from the March 31st total of 7,700,000 shares. Currently, 13.3% of the company's shares are sold short. Based on an average daily volume of 1,070,000 shares, the short-interest ratio is currently 7.8 days.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DK shares. Mizuho increased their target price on shares of Delek US from $26.00 to $30.00 and gave the stock an "underperform" rating in a report on Friday, March 22nd. StockNews.com cut shares of Delek US from a "buy" rating to a "hold" rating in a research note on Thursday, February 29th. Scotiabank increased their price objective on shares of Delek US from $25.00 to $27.00 and gave the company a "sector perform" rating in a research report on Thursday, April 11th. Citigroup started coverage on shares of Delek US in a research report on Wednesday, January 24th. They issued a "neutral" rating on the stock. Finally, UBS Group increased their price objective on shares of Delek US from $30.00 to $32.00 and gave the company a "neutral" rating in a research report on Thursday, April 4th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Delek US has an average rating of "Hold" and a consensus price target of $28.56.

Insider Buying and Selling at Delek US

In other news, CFO Robert G. Wright sold 2,123 shares of the company's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $28.50, for a total value of $60,505.50. Following the completion of the transaction, the chief financial officer now owns 18,925 shares in the company, valued at $539,362.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 4,976 shares of company stock valued at $141,243. Corporate insiders own 0.35% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James & Associates bought a new position in Delek US in the 4th quarter valued at $13,295,000. PNC Financial Services Group Inc. grew its position in shares of Delek US by 129.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 13,992 shares of the oil and gas company's stock worth $398,000 after buying an additional 7,892 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Delek US during the 3rd quarter worth $295,000. Diversified Trust Co bought a new position in shares of Delek US during the 4th quarter worth $241,000. Finally, Clal Insurance Enterprises Holdings Ltd boosted its position in Delek US by 34.7% during the third quarter. Clal Insurance Enterprises Holdings Ltd now owns 201,982 shares of the oil and gas company's stock valued at $5,738,000 after purchasing an additional 51,982 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Delek US Price Performance

Shares of DK stock traded down $0.59 during trading hours on Wednesday, hitting $26.74. 1,236,904 shares of the company's stock were exchanged, compared to its average volume of 1,015,071. The company has a current ratio of 0.99, a quick ratio of 0.63 and a debt-to-equity ratio of 2.66. Delek US has a 12-month low of $19.39 and a 12-month high of $33.60. The company has a market capitalization of $1.71 billion, a PE ratio of 121.55 and a beta of 1.32. The business's 50 day simple moving average is $29.15 and its 200-day simple moving average is $27.43.

Delek US (NYSE:DK - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The oil and gas company reported ($1.46) EPS for the quarter, missing the consensus estimate of ($1.28) by ($0.18). Delek US had a net margin of 0.12% and a return on equity of 18.27%. The firm had revenue of $4.05 billion for the quarter, compared to analysts' expectations of $3.55 billion. During the same period in the prior year, the business posted $0.88 EPS. The business's quarterly revenue was down 9.6% compared to the same quarter last year. On average, equities research analysts anticipate that Delek US will post 1.38 earnings per share for the current year.

Delek US Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, March 1st were paid a dividend of $0.245 per share. The ex-dividend date was Thursday, February 29th. This is an increase from Delek US's previous quarterly dividend of $0.24. This represents a $0.98 dividend on an annualized basis and a dividend yield of 3.66%. Delek US's payout ratio is 445.45%.

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.

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