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

Delek US Holdings, Inc. (NYSE:DKGet Rating) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 4,760,000 shares, a decrease of 12.5% from the July 15th total of 5,440,000 shares. Based on an average trading volume of 1,610,000 shares, the days-to-cover ratio is currently 3.0 days.

Institutional Investors Weigh In On Delek US

Several hedge funds have recently added to or reduced their stakes in DK. Rhumbline Advisers lifted its holdings in shares of Delek US by 0.8% during the fourth quarter. Rhumbline Advisers now owns 100,360 shares of the oil and gas company’s stock worth $1,504,000 after buying an additional 780 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Delek US by 44.1% during the fourth quarter. JPMorgan Chase & Co. now owns 680,339 shares of the oil and gas company’s stock worth $10,198,000 after buying an additional 208,230 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Delek US by 163.7% during the fourth quarter. BNP Paribas Arbitrage SA now owns 73,803 shares of the oil and gas company’s stock worth $1,106,000 after buying an additional 45,812 shares in the last quarter. SIR Capital Management L.P. lifted its holdings in shares of Delek US by 5.4% during the fourth quarter. SIR Capital Management L.P. now owns 996,466 shares of the oil and gas company’s stock worth $14,937,000 after buying an additional 51,073 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Delek US in the fourth quarter valued at about $226,000. Institutional investors and hedge funds own 74.69% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on DK shares. Morgan Stanley upped their price target on Delek US from $25.00 to $27.00 and gave the company an “underweight” rating in a research note on Friday, July 15th. JPMorgan Chase & Co. boosted their price objective on Delek US from $24.00 to $29.00 in a research report on Tuesday, May 17th. StockNews.com upgraded Delek US from a “hold” rating to a “buy” rating in a research report on Saturday, May 21st. Raymond James boosted their price objective on Delek US from $32.00 to $35.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. Finally, TheStreet upgraded Delek US from a “c” rating to a “b-” rating in a research report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $27.45.

Delek US Stock Up 3.9 %

NYSE:DK traded up $1.07 during trading hours on Wednesday, reaching $28.26. 30,604 shares of the stock were exchanged, compared to its average volume of 1,361,477. Delek US has a twelve month low of $13.48 and a twelve month high of $35.23. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.08 and a quick ratio of 0.65. The firm has a 50 day moving average of $26.39 and a 200 day moving average of $23.92. The stock has a market cap of $2.01 billion, a PE ratio of 5.88, a PEG ratio of 0.28 and a beta of 1.56.

Delek US (NYSE:DKGet Rating) last released its quarterly earnings results on Thursday, August 4th. The oil and gas company reported $4.40 earnings per share for the quarter, topping analysts’ consensus estimates of $2.47 by $1.93. Delek US had a return on equity of 30.44% and a net margin of 2.09%. The firm had revenue of $5.98 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the firm posted ($0.88) EPS. The business’s revenue was up 173.0% on a year-over-year basis. On average, equities analysts expect that Delek US will post 8.86 earnings per share for the current year.

Delek US Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.83%. The ex-dividend date is Friday, August 19th.

Delek US Company Profile

(Get Rating)

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through three segments: Refining, Logistics, and Retail. 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.

Further Reading

Receive News & Ratings for Delek US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US and related companies with MarketBeat.com's FREE daily email newsletter.