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

Delek US Holdings, Inc. (NYSE:DK) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 7,370,000 shares, a growth of 30.2% from the July 31st total of 5,660,000 shares. Currently, 11.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,040,000 shares, the short-interest ratio is presently 7.1 days.

Insider Activity

In other Delek US news, Director Richard J. Marcogliese bought 2,750 shares of the firm’s stock in a transaction on Wednesday, June 12th. The shares were acquired at an average cost of $23.99 per share, with a total value of $65,972.50. Following the purchase, the director now directly owns 42,863 shares of the company’s stock, valued at approximately $1,028,283.37. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Richard J. Marcogliese bought 2,750 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was bought at an average cost 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 $1,028,283.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Avigal Soreq purchased 5,651 shares of Delek US stock in a transaction dated Friday, August 9th. The shares were bought 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 disclosure for this purchase can be found here. Insiders sold 2,854 shares of company stock worth $65,603 over the last three months. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Strs Ohio purchased a new position in Delek US in the fourth quarter worth approximately $95,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Delek US by 4.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,817 shares of the oil and gas company’s stock valued at $382,000 after purchasing an additional 688 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Delek US by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 620,957 shares of the oil and gas company’s stock worth $16,021,000 after purchasing an additional 13,238 shares during the last quarter. Versor Investments LP purchased a new stake in shares of Delek US during the 4th quarter worth $406,000. Finally, Teacher Retirement System of Texas purchased a new position in Delek US in the fourth quarter valued at $395,000. 97.01% of the stock is owned by institutional investors and hedge funds.

Delek US Price Performance

Shares of Delek US stock opened at $20.42 on Friday. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.58 and a current ratio of 0.98. The business has a 50-day moving average of $22.24 and a 200 day moving average of $25.94. Delek US has a 12 month low of $19.33 and a 12 month high of $33.60.

Delek US (NYSE:DK) last announced its quarterly earnings data on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.42) by $0.50. Delek US had a negative net margin of 0.69% and a negative return on equity of 4.53%. The firm had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.31 billion. During the same quarter in the previous year, the business posted $1.00 earnings per share. The business’s quarterly revenue was down 18.4% compared to the same quarter last year. Equities analysts anticipate that Delek US will post -2.87 earnings per share for the current fiscal year.

Delek US Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were paid a $0.255 dividend. This is a boost from Delek US’s previous quarterly dividend of $0.20. This represents a $1.02 annualized dividend and a dividend yield of 5.00%. The ex-dividend date was Monday, August 12th. Delek US’s dividend payout ratio (DPR) is presently -82.26%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. TD Cowen dropped their price target on shares of Delek US from $19.00 to $18.00 and set a “sell” rating for the company in a research note on Thursday, August 8th. Wells Fargo & Company lowered their price objective on Delek US from $25.00 to $20.00 and set an “underweight” rating for the company in a research report on Tuesday, July 16th. Wolfe Research began coverage on Delek US in a research report on Thursday, July 18th. They issued an “underperform” rating and a $19.00 target price on the stock. Piper Sandler lowered their price target on Delek US from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, June 14th. Finally, Scotiabank cut their price objective on Delek US from $27.00 to $25.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Five research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.