American Century Companies Inc. boosted its stake in Delek US Holdings, Inc. (NYSE:DK – Free Report) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 476,231 shares of the oil and gas company’s stock after acquiring an additional 9,191 shares during the period. American Century Companies Inc. owned 0.71% of Delek US worth $10,930,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Citigroup Inc. boosted its holdings in shares of Delek US by 24.4% during the 4th quarter. Citigroup Inc. now owns 242,737 shares of the oil and gas company’s stock valued at $6,554,000 after buying an additional 47,644 shares in the last quarter. Bessemer Group Inc. boosted its holdings in shares of Delek US by 56.5% during the 1st quarter. Bessemer Group Inc. now owns 158,058 shares of the oil and gas company’s stock valued at $3,626,000 after buying an additional 57,070 shares in the last quarter. New York Life Investment Management LLC boosted its holdings in shares of Delek US by 12.0% during the 4th quarter. New York Life Investment Management LLC now owns 26,961 shares of the oil and gas company’s stock valued at $728,000 after buying an additional 2,893 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Delek US by 880.4% during the 4th quarter. First Trust Advisors LP now owns 144,220 shares of the oil and gas company’s stock valued at $3,894,000 after buying an additional 129,509 shares in the last quarter. Finally, Praetorian Capital Management LLC bought a new stake in shares of Delek US during the 1st quarter valued at $1,978,000. Institutional investors own 97.01% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on DK shares. StockNews.com started coverage on shares of Delek US in a report on Thursday, August 17th. They set a “hold” rating on the stock. TheStreet cut shares of Delek US from a “b” rating to a “c+” rating in a research note on Monday, August 7th. Morgan Stanley dropped their price target on shares of Delek US from $27.00 to $25.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 18th. Bank of America upped their price target on shares of Delek US from $27.50 to $31.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 15th. Finally, Mizuho upped their price target on shares of Delek US from $26.00 to $28.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 16th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Delek US presently has a consensus rating of “Hold” and a consensus target price of $30.00.
Insider Buying and Selling
In related news, Director Laurie Z. Tolson sold 2,700 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were sold at an average price of $26.67, for a total value of $72,009.00. Following the completion of the sale, the director now directly owns 12,340 shares of the company’s stock, valued at approximately $329,107.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by insiders.
Delek US Price Performance
NYSE DK opened at $26.97 on Friday. Delek US Holdings, Inc. has a 52 week low of $19.39 and a 52 week high of $35.45. The firm has a market capitalization of $1.75 billion, a P/E ratio of -33.30, a PEG ratio of 1.35 and a beta of 1.46. The company has a quick ratio of 0.66, a current ratio of 1.10 and a debt-to-equity ratio of 2.60. The company has a 50-day moving average price of $25.70 and a 200-day moving average price of $24.10.
Delek US (NYSE:DK – Get Free Report) last released its quarterly earnings results on Monday, August 7th. The oil and gas company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.74 by $0.26. Delek US had a negative net margin of 0.31% and a positive return on equity of 19.37%. The firm had revenue of $4.20 billion during the quarter, compared to analyst estimates of $3.26 billion. During the same quarter in the prior year, the firm earned $4.40 EPS. The business’s revenue for the quarter was down 28.8% compared to the same quarter last year. Equities research analysts anticipate that Delek US Holdings, Inc. will post 3.86 earnings per share for the current year.
Delek US Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 14th were given a dividend of $0.235 per share. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.94 annualized dividend and a dividend yield of 3.49%. This is a positive change from Delek US’s previous quarterly dividend of $0.23. Delek US’s dividend payout ratio is presently -116.05%.
Delek US Profile
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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