American Century Companies Inc. reduced its position in shares of Delek US Holdings, Inc. (NYSE:DK) by 4.1% in the first quarter, HoldingsChannel reports. The firm owned 38,843 shares of the oil and gas company’s stock after selling 1,680 shares during the quarter. American Century Companies Inc.’s holdings in Delek US were worth $1,581,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Delek US by 3.1% in the fourth quarter. BlackRock Inc. now owns 5,148,200 shares of the oil and gas company’s stock worth $179,880,000 after acquiring an additional 154,903 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Delek US by 73.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,963,259 shares of the oil and gas company’s stock worth $103,536,000 after acquiring an additional 1,258,853 shares during the period. TIAA CREF Investment Management LLC grew its stake in shares of Delek US by 0.4% in the fourth quarter. TIAA CREF Investment Management LLC now owns 1,893,620 shares of the oil and gas company’s stock worth $66,163,000 after acquiring an additional 7,330 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Delek US by 21.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,396,175 shares of the oil and gas company’s stock worth $48,782,000 after acquiring an additional 246,572 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in shares of Delek US in the fourth quarter worth approximately $40,703,000. Institutional investors and hedge funds own 96.29% of the company’s stock.
Get Delek US alerts:A number of analysts have recently commented on the stock. ValuEngine lowered shares of Delek US from a “buy” rating to a “hold” rating in a research note on Thursday, May 24th. JPMorgan Chase & Co. upgraded shares of Delek US from a “neutral” rating to an “overweight” rating and set a $44.00 price target for the company in a research note on Monday, May 14th. Wells Fargo & Co lifted their price target on shares of Delek US from $49.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 9th. Bank of America set a $50.00 price target on shares of Delek US and gave the stock a “hold” rating in a research note on Tuesday, May 8th. Finally, Zacks Investment Research upgraded shares of Delek US from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Wednesday, April 18th. Five investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $44.79.
Shares of Delek US opened at $52.08 on Tuesday, Marketbeat reports. The company has a current ratio of 1.34, a quick ratio of 0.89 and a debt-to-equity ratio of 0.99. Delek US Holdings, Inc. has a 1-year low of $20.65 and a 1-year high of $54.28. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 41.33, a PEG ratio of 1.25 and a beta of 1.43.
Delek US (NYSE:DK) last issued its quarterly earnings results on Monday, May 7th. The oil and gas company reported $0.33 earnings per share for the quarter, beating the consensus estimate of ($0.11) by $0.44. Delek US had a net margin of 2.89% and a return on equity of 6.51%. The business had revenue of $2.35 billion for the quarter, compared to the consensus estimate of $2.10 billion. equities research analysts predict that Delek US Holdings, Inc. will post 4.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, June 4th. Shareholders of record on Monday, May 21st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, May 18th. This represents a $1.00 annualized dividend and a yield of 1.92%. This is an increase from Delek US’s previous quarterly dividend of $0.20. Delek US’s payout ratio is currently 79.37%.
Delek US declared that its Board of Directors has authorized a stock repurchase plan on Monday, February 26th that permits the company to buyback $150.00 million in outstanding shares. This buyback authorization permits the oil and gas company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.
In other Delek US news, CFO Kevin L. Kremke sold 3,400 shares of Delek US stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $37.01, for a total transaction of $125,834.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Avigal Soreq sold 3,091 shares of Delek US stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $36.00, for a total transaction of $111,276.00. The disclosure for this sale can be found here. Insiders have sold 243,591 shares of company stock worth $9,500,435 in the last ninety days. Insiders own 1.40% of the company’s stock.
Delek US Company Profile
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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