Short Interest in Delek US Holdings Inc (NYSE:DK) Decreases By 13.1%
Delek US Holdings Inc (NYSE:DK) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 4,767,000 shares, a decline of 13.1% from the June 30th total of 5,485,600 shares. Based on an average daily trading volume, of 1,300,000 shares, the short-interest ratio is presently 3.7 days. Approximately 5.9% of the company’s shares are sold short.
In other news, COO Frederec Green sold 11,526 shares of the company’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $40.76, for a total value of $469,799.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Avigal Soreq sold 4,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $41.30, for a total value of $165,200.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,554 shares of company stock worth $974,576. Corporate insiders own 1.20% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC grew its stake in shares of Delek US by 3.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,350 shares of the oil and gas company’s stock valued at $338,000 after buying an additional 300 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Delek US by 159.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 773 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 475 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Delek US in the 2nd quarter valued at approximately $28,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Delek US by 13.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 7,163 shares of the oil and gas company’s stock valued at $290,000 after buying an additional 827 shares in the last quarter. Finally, HGK Asset Management Inc. grew its stake in shares of Delek US by 11.9% in the 2nd quarter. HGK Asset Management Inc. now owns 8,711 shares of the oil and gas company’s stock valued at $353,000 after buying an additional 924 shares in the last quarter.
Shares of NYSE DK traded down $0.48 during trading hours on Thursday, hitting $30.38. The stock had a trading volume of 1,196,100 shares, compared to its average volume of 1,345,622. The company has a market capitalization of $2.29 billion, a P/E ratio of 6.33 and a beta of 1.65. The firm’s 50-day moving average price is $39.05 and its two-hundred day moving average price is $36.67. Delek US has a 52 week low of $29.51 and a 52 week high of $56.36. 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 announced its quarterly earnings results on Monday, August 5th. The oil and gas company reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.40. The business had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Delek US had a return on equity of 27.65% and a net margin of 5.51%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 EPS. As a group, analysts expect that Delek US will post 4.02 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 19th will be paid a $0.29 dividend. This is a boost from Delek US’s previous quarterly dividend of $0.28. The ex-dividend date is Friday, August 16th. This represents a $1.16 annualized dividend and a dividend yield of 3.82%. Delek US’s payout ratio is presently 23.33%.
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.
Featured Article: What Are Cryptocurrencies?
Receive News & Ratings for Delek US Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek US and related companies with MarketBeat.com's FREE daily email newsletter.