American Century Companies Inc. Sells 73,035 Shares of Delek US Holdings, Inc. (NYSE:DK)

American Century Companies Inc. cut its holdings in Delek US Holdings, Inc. (NYSE:DK) by 36.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,172 shares of the oil and gas company’s stock after selling 73,035 shares during the quarter. American Century Companies Inc. owned approximately 0.20% of Delek US worth $3,124,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. SIR Capital Management L.P. raised its stake in Delek US by 37.2% during the second quarter. SIR Capital Management L.P. now owns 876,133 shares of the oil and gas company’s stock valued at $21,693,000 after buying an additional 237,734 shares during the last quarter. Bridgeway Capital Management LLC raised its position in shares of Delek US by 3.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 777,576 shares of the oil and gas company’s stock worth $20,061,000 after purchasing an additional 23,509 shares during the last quarter. Norges Bank bought a new position in Delek US in the 4th quarter worth about $16,341,000. Easterly Investment Partners LLC grew its position in Delek US by 26.7% during the 2nd quarter. Easterly Investment Partners LLC now owns 457,536 shares of the oil and gas company’s stock valued at $11,329,000 after purchasing an additional 96,531 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in Delek US by 8.2% during the 1st quarter. Empowered Funds LLC now owns 281,593 shares of the oil and gas company’s stock valued at $8,656,000 after purchasing an additional 21,317 shares in the last quarter. 97.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Avigal Soreq bought 5,651 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were bought at an average price of $20.42 per share, for a total transaction of $115,393.42. Following the purchase, the chief executive officer now owns 188,881 shares in the company, valued at $3,856,950.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.80% of the company’s stock.

Delek US Trading Up 0.4 %

Delek US stock opened at $18.98 on Friday. Delek US Holdings, Inc. has a 52-week low of $18.35 and a 52-week high of $33.60. The company has a market cap of $1.22 billion, a P/E ratio of -15.31 and a beta of 1.14. The company has a quick ratio of 0.58, a current ratio of 0.98 and a debt-to-equity ratio of 2.50. The business has a 50-day simple moving average of $20.77 and a two-hundred day simple moving average of $25.02.

Delek US (NYSE:DK) last announced its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.42) by $0.50. Delek US had a negative net margin of 0.69% and a negative return on equity of 4.53%. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same period in the previous year, the business posted $1.00 earnings per share. The firm’s quarterly revenue was down 18.4% compared to the same quarter last year. Analysts predict that Delek US Holdings, Inc. will post -3.19 EPS for the current year.

Delek US Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Shareholders of record on Monday, August 12th were issued a dividend of $0.255 per share. This represents a $1.02 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend was Monday, August 12th. This is a positive change from Delek US’s previous quarterly dividend of $0.20. Delek US’s payout ratio is currently -82.26%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on DK shares. Wolfe Research started coverage on shares of Delek US in a report on Thursday, July 18th. They set an “underperform” rating and a $19.00 price target on the stock. Piper Sandler lowered their price objective on Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, September 20th. JPMorgan Chase & Co. raised Delek US from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $23.00 to $26.00 in a report on Tuesday, September 10th. TD Cowen lowered their price target on Delek US from $19.00 to $18.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Finally, StockNews.com cut Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Five analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.73.

Delek US Profile

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.