Delek US Holdings, Inc. (NYSE:DK) Short Interest Down 33.8% in March

Delek US Holdings, Inc. (NYSE:DK – Get Rating) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 3,170,000 shares, a decrease of 33.8% from the March 15th total of 4,790,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the short-interest ratio is currently 2.5 days. Approximately 4.8% of the shares of the company are sold short.

Shares of NYSE DK traded up $1.69 during midday trading on Monday, reaching $25.18. 1,692,163 shares of the company’s stock were exchanged, compared to its average volume of 1,266,013. Delek US has a 52-week low of $13.48 and a 52-week high of $26.09. The stock has a market capitalization of $2.22 billion, a PE ratio of -9.09 and a beta of 1.89. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.56 and a current ratio of 0.94. The business’s fifty day moving average price is $19.95 and its two-hundred day moving average price is $18.31.

Delek US (NYSE:DK – Get Rating) last announced its earnings results on Wednesday, February 23rd. The oil and gas company reported ($0.61) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.80) by $0.19. The business had revenue of $3.11 billion for the quarter, compared to analyst estimates of $2.45 billion. Delek US had a negative return on equity of 23.08% and a negative net margin of 1.91%. The company’s revenue for the quarter was up 65.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($2.25) earnings per share. Analysts predict that Delek US will post 1.24 earnings per share for the current fiscal year.

Several research firms recently weighed in on DK. Zacks Investment Research raised Delek US from a “sell” rating to a “hold” rating and set a $18.00 price objective for the company in a research note on Friday, February 4th. StockNews.com started coverage on Delek US in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Bank of America upgraded Delek US from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $17.00 to $21.00 in a report on Tuesday, March 8th. Cowen reduced their target price on Delek US from $20.00 to $19.00 and set a “market perform” rating on the stock in a report on Tuesday, December 28th. Finally, Piper Sandler cut their price objective on Delek US from $28.00 to $25.00 in a research report on Tuesday, January 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $22.31.

In other news, Director Delek Us Holdings, Inc. sold 5,463 shares of the stock in a transaction that occurred on Monday, March 14th. The stock was sold at an average price of $40.27, for a total transaction of $219,995.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 155,869 shares of company stock valued at $6,627,782. Company insiders own 1.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Peregrine Capital Management LLC increased its holdings in Delek US by 6.1% in the fourth quarter. Peregrine Capital Management LLC now owns 425,977 shares of the oil and gas company’s stock valued at $6,385,000 after buying an additional 24,595 shares during the last quarter. Tudor Investment Corp Et Al boosted its stake in Delek US by 462.9% in the third quarter. Tudor Investment Corp Et Al now owns 62,949 shares of the oil and gas company’s stock valued at $1,131,000 after acquiring an additional 51,766 shares during the period. Fisher Asset Management LLC boosted its stake in Delek US by 31.2% in the fourth quarter. Fisher Asset Management LLC now owns 1,402,800 shares of the oil and gas company’s stock valued at $21,028,000 after acquiring an additional 333,357 shares during the period. Teacher Retirement System of Texas boosted its stake in Delek US by 9.6% in the third quarter. Teacher Retirement System of Texas now owns 48,933 shares of the oil and gas company’s stock valued at $879,000 after acquiring an additional 4,267 shares during the period. Finally, Barclays PLC boosted its stake in Delek US by 101.9% in the third quarter. Barclays PLC now owns 43,710 shares of the oil and gas company’s stock valued at $785,000 after acquiring an additional 22,064 shares during the period. 89.24% of the stock is owned by hedge funds and other institutional investors.

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.

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