Delek US Holdings, Inc. (NYSE:DK) Short Interest Down 13.4% in February

Delek US Holdings, Inc. (NYSE:DK) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 9,387,192 shares, a decline of 13.4% from the February 12th total of 10,837,887 shares. Approximately 15.9% of the company’s shares are short sold. Based on an average trading volume of 1,522,554 shares, the short-interest ratio is currently 6.2 days. Based on an average trading volume of 1,522,554 shares, the short-interest ratio is currently 6.2 days. Approximately 15.9% of the company’s shares are short sold.

Delek US Stock Performance

DK stock traded up $1.16 during trading on Tuesday, reaching $42.29. 482,980 shares of the company’s stock were exchanged, compared to its average volume of 1,574,891. The firm has a market cap of $2.53 billion, a PE ratio of -120.99 and a beta of 0.75. The company has a quick ratio of 0.53, a current ratio of 0.82 and a debt-to-equity ratio of 5.89. Delek US has a 1-year low of $11.02 and a 1-year high of $45.74. The company’s fifty day moving average price is $33.75 and its 200-day moving average price is $34.11.

Delek US (NYSE:DK) last released its earnings results on Friday, February 27th. The oil and gas company reported $0.44 EPS for the quarter, beating the consensus estimate of ($0.19) by $0.63. The firm had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.55 billion. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. Delek US’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned ($2.54) EPS. On average, research analysts expect that Delek US will post -5.5 EPS for the current fiscal year.

Delek US Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 9th. Stockholders of record on Monday, March 2nd were issued a $0.255 dividend. The ex-dividend date was Monday, March 2nd. This represents a $1.02 annualized dividend and a dividend yield of 2.4%. Delek US’s dividend payout ratio is -291.43%.

Insider Buying and Selling

In other Delek US news, Director Shlomo Zohar sold 22,029 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $44.83, for a total transaction of $987,560.07. Following the transaction, the director owned 18,989 shares of the company’s stock, valued at $851,276.87. This represents a 53.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Joseph Israel sold 38,000 shares of Delek US stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $40.65, for a total value of $1,544,700.00. Following the completion of the sale, the executive vice president directly owned 55,623 shares of the company’s stock, valued at approximately $2,261,074.95. This represents a 40.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 147,764 shares of company stock worth $6,196,667 in the last three months. 1.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DK. Rockefeller Capital Management L.P. lifted its holdings in Delek US by 1,327.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,955 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 1,818 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of Delek US by 350.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,037 shares of the oil and gas company’s stock worth $60,000 after purchasing an additional 1,585 shares during the last quarter. Invesco Ltd. lifted its stake in Delek US by 28.5% during the fourth quarter. Invesco Ltd. now owns 252,108 shares of the oil and gas company’s stock valued at $7,478,000 after purchasing an additional 55,941 shares during the last quarter. Mackenzie Financial Corp grew its position in Delek US by 631.7% in the fourth quarter. Mackenzie Financial Corp now owns 54,234 shares of the oil and gas company’s stock worth $1,619,000 after buying an additional 46,822 shares during the last quarter. Finally, XTX Topco Ltd lifted its position in shares of Delek US by 357.6% during the 4th quarter. XTX Topco Ltd now owns 138,495 shares of the oil and gas company’s stock valued at $4,108,000 after acquiring an additional 108,231 shares during the last quarter. 97.01% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. JPMorgan Chase & Co. dropped their price objective on Delek US from $42.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday, January 15th. Citigroup reduced their price target on shares of Delek US from $37.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, January 26th. Piper Sandler dropped their price target on shares of Delek US from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Wall Street Zen raised Delek US from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Mizuho lifted their price target on shares of Delek US from $45.00 to $51.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Delek US presently has an average rating of “Hold” and a consensus target price of $39.46.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.