Delek US Holdings Inc (NYSE:DK) Short Interest Up 13.7% in June

Delek US Holdings Inc (NYSE:DK) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 5,815,000 shares, an increase of 13.7% from the May 15th total of 5,116,300 shares. Currently, 7.2% of the shares of the stock are sold short. Based on an average trading volume of 1,180,000 shares, the days-to-cover ratio is currently 4.9 days.

A number of analysts have commented on DK shares. Raymond James reduced their price target on Marathon Petroleum from $90.00 to $85.00 and set a “strong-buy” rating for the company in a research report on Wednesday, April 10th. Goldman Sachs Group set a GBX 6,870 ($89.77) price target on Reckitt Benckiser Group and gave the company a “neutral” rating in a research note on Tuesday, June 25th. Finally, ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.62.

Shares of NYSE:DK traded up $0.34 during trading on Friday, hitting $39.41. The company had a trading volume of 840,730 shares, compared to its average volume of 1,344,515. The company has a market cap of $3.00 billion, a PE ratio of 8.21 and a beta of 1.63. Delek US has a one year low of $29.51 and a one year high of $56.36. The stock has a fifty day moving average price of $37.70. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.00 and a current ratio of 1.48.

Delek US (NYSE:DK) last posted its quarterly earnings data on Monday, May 6th. The oil and gas company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $1.06. The business had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.02 billion. Delek US had a return on equity of 27.94% and a net margin of 5.48%. The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same period last year, the company earned $0.33 EPS. As a group, research analysts anticipate that Delek US will post 4.14 EPS for the current year.

In other Delek US news, EVP Avigal Soreq sold 4,000 shares of Delek US stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $41.30, for a total value of $165,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Frederec Green sold 11,526 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $40.76, for a total value of $469,799.76. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Menora Mivtachim Holdings LTD. lifted its stake in shares of Delek US by 2.5% in the 1st quarter. Menora Mivtachim Holdings LTD. now owns 3,788,981 shares of the oil and gas company’s stock valued at $137,995,000 after purchasing an additional 92,311 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Delek US by 7.9% in the 1st quarter. Principal Financial Group Inc. now owns 1,748,022 shares of the oil and gas company’s stock valued at $63,663,000 after purchasing an additional 127,764 shares during the last quarter. Macquarie Group Ltd. lifted its stake in shares of Delek US by 0.8% during the 4th quarter. Macquarie Group Ltd. now owns 1,450,536 shares of the oil and gas company’s stock worth $47,157,000 after acquiring an additional 11,718 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Delek US by 1,092.2% during the 4th quarter. Millennium Management LLC now owns 1,429,865 shares of the oil and gas company’s stock worth $46,485,000 after acquiring an additional 1,309,931 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Delek US during the 4th quarter worth approximately $42,863,000.

About Delek US

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company's Refining segment processes crude oil and other purchased feedstocks 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 terminals.

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