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

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 9,570,000 shares, an increase of 5.7% from the December 31st total of 9,050,000 shares. Based on an average daily trading volume, of 1,190,000 shares, the short-interest ratio is currently 8.0 days. Currently, 15.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Delek US in the fourth quarter valued at $5,100,000. Charles Schwab Investment Management Inc. grew its position in Delek US by 6.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 766,807 shares of the oil and gas company's stock valued at $14,186,000 after acquiring an additional 45,017 shares in the last quarter. Versor Investments LP acquired a new stake in shares of Delek US during the fourth quarter worth about $686,000. New York State Common Retirement Fund grew its holdings in shares of Delek US by 21.5% in the fourth quarter. New York State Common Retirement Fund now owns 30,548 shares of the oil and gas company's stock valued at $565,000 after purchasing an additional 5,400 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Delek US by 2.0% during the 4th quarter. Rhumbline Advisers now owns 117,170 shares of the oil and gas company's stock worth $2,168,000 after buying an additional 2,268 shares during the period. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price target on shares of Delek US from $21.00 to $22.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Wolfe Research upgraded shares of Delek US from an "underperform" rating to a "peer perform" rating in a research report on Friday, January 3rd. Wells Fargo & Company cut their price target on Delek US from $18.00 to $16.00 and set an "underweight" rating on the stock in a research report on Monday, December 9th. Scotiabank decreased their price objective on Delek US from $25.00 to $22.00 and set a "sector perform" rating for the company in a report on Thursday, October 10th. Finally, Bank of America initiated coverage on shares of Delek US in a research report on Thursday, October 17th. They issued an "underperform" rating and a $15.00 price objective for the company. Five equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $21.00.

Delek US Trading Down 1.8 %

Shares of NYSE:DK traded down $0.35 during midday trading on Thursday, reaching $18.93. 1,044,147 shares of the company's stock were exchanged, compared to its average volume of 1,047,839. The firm's 50 day simple moving average is $18.32 and its two-hundred day simple moving average is $19.05. Delek US has a fifty-two week low of $15.36 and a fifty-two week high of $33.60. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of -3.89 and a beta of 1.20.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The oil and gas company reported ($1.45) EPS for the quarter, topping the consensus estimate of ($1.71) by $0.26. Delek US had a negative net margin of 2.27% and a negative return on equity of 28.21%. The firm had revenue of $3.04 billion for the quarter, compared to analyst estimates of $3.23 billion. During the same period in the prior year, the business posted $2.02 EPS. The business's revenue for the quarter was down 34.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Delek US will post -5.5 EPS for the current fiscal year.

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.