Macquarie Upgrades Rating On Delek US Holdings, Inc. (DK)

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Delek US Holdings, Inc. (NYSE:DK).

October 18 investment analysts at Citigroup left the stock rating at “Neutral” and raised the price expectation from $23.00 to $27.00.

The company is now up by 1.69% percent from yesterday’s close. Delek US Holdings, Inc. announced a dividend that was paid on Wednesday the 13th of September 2017. The dividend was $0.150 per share for the quarter or $0.60 annualized. This dividend represents a yield of $2.38. The ex-dividend date was Monday the 21st of August 2017.

It is currently trading at $25.91 which is a tad under $25.92, the 50 day moving average and slightly over the 200 day moving average of $25.06. The 50 day moving average was down $-0.01 whereas the 200 day average was up by +3.40%.

Delek US Holdings, Inc., launched on April 10, 2001, is an integrated downstream energy business focused on petroleum refining and the transportation, storage and wholesale of crude oil, intermediate and refined products. The Company operates through two segments: Refining and Logistics. The Business’s refining segment operates independent refineries in Tyler, Texas (the Tyler refinery) and El Dorado, Arkansas (the El Dorado refinery). The Business’s logistics segment gathers, transports and stores crude oil and markets, distributes, transports and stores refined products in select regions of the southeastern United States and west Texas for both its refining segment and third parties..

In the last earnings report the EPS was $-2.33 and is projected to be $0.31 for the current year with 81,408,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.03 and the next full year EPS is anticipated to be $0.99.

Investors are a little more bearish on the company recently if you watch the uptick in short interest. The firm realized a rise in short interest from September 15, 2017 to September 29, 2017 of 1.70%. Short shares grew from 5,474,408 to 5,567,503 over that period. With short interest at 5,567,503 and short average daily volume at 984,562, days to cover is 6.0 and the percentage of shorted shares is 0.09% as of September 29.

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