American Century Companies Inc. Sells 25,372 Shares of Delek US Holdings, Inc. $DK

Key Points

• American Century Companies Inc. reduced its stake in Delek US Holdings, Inc. by 16.6%, selling 25,372 shares and now holding 127,593 shares valued at approximately $1.92 million.
• Several institutional investors, including Nuveen LLC and Millennium Management LLC, have recently increased or initiated positions in Delek US, reflecting growing interest from hedge funds.
• Delek US reported a quarterly earnings per share of ($0.56), beating expectations, but the revenue decreased by 16.4% compared to the previous year, indicating challenges ahead.

American Century Companies Inc. lowered its stake in Delek US Holdings, Inc. (NYSE:DK - Free Report) by 16.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 127,593 shares of the oil and gas company's stock after selling 25,372 shares during the period. American Century Companies Inc. owned approximately 0.21% of Delek US worth $1,923,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Rafferty Asset Management LLC increased its stake in shares of Delek US by 0.7% in the fourth quarter. Rafferty Asset Management LLC now owns 114,701 shares of the oil and gas company's stock worth $2,122,000 after purchasing an additional 797 shares during the period. CWM LLC increased its stake in shares of Delek US by 100.9% in the first quarter. CWM LLC now owns 2,318 shares of the oil and gas company's stock worth $35,000 after purchasing an additional 1,164 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Delek US by 3.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 36,088 shares of the oil and gas company's stock worth $668,000 after purchasing an additional 1,227 shares during the period. Abel Hall LLC increased its stake in Delek US by 26.3% during the first quarter. Abel Hall LLC now owns 13,384 shares of the oil and gas company's stock valued at $202,000 after acquiring an additional 2,790 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Delek US by 16.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,306 shares of the oil and gas company's stock valued at $306,000 after acquiring an additional 2,918 shares during the period. Institutional investors and hedge funds own 97.01% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Scotiabank reiterated a "sector perform" rating and issued a $20.00 price objective (up from $14.00) on shares of Delek US in a research note on Friday, July 11th. Citigroup reaffirmed a "neutral" rating and set a $30.00 price objective (up previously from $15.00) on shares of Delek US in a report on Wednesday, July 16th. Mizuho upgraded Delek US from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $22.00 to $23.00 in a research report on Tuesday, May 13th. TD Cowen cut their price target on Delek US from $18.00 to $15.00 and set a "sell" rating on the stock in a research note on Friday, August 8th. Finally, UBS Group increased their price target on Delek US from $24.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average price target of $23.77.

Delek US Trading Down 1.8%

Delek US stock traded down $0.56 during mid-day trading on Friday, hitting $31.36. 1,259,077 shares of the company's stock were exchanged, compared to its average volume of 1,707,195. The firm has a market capitalization of $1.89 billion, a P/E ratio of -2.56 and a beta of 1.09. Delek US Holdings, Inc. has a fifty-two week low of $11.02 and a fifty-two week high of $32.48. The company has a quick ratio of 0.50, a current ratio of 0.80 and a debt-to-equity ratio of 10.48. The company's 50 day simple moving average is $24.03 and its 200-day simple moving average is $19.01.

Delek US (NYSE:DK - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported ($0.56) EPS for the quarter, topping the consensus estimate of ($0.92) by $0.36. The business had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.68 billion. Delek US had a negative return on equity of 79.27% and a negative net margin of 7.11%.The firm's revenue was down 16.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.92) EPS. On average, equities analysts anticipate that Delek US Holdings, Inc. will post -5.5 earnings per share for the current year.

Delek US Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 11th were issued a dividend of $0.255 per share. This represents a $1.02 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Monday, August 11th. Delek US's dividend payout ratio is -8.30%.

Insider Transactions at Delek US

In other Delek US news, CFO Robert G. Wright sold 7,135 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $29.24, for a total transaction of $208,627.40. Following the completion of the transaction, the chief financial officer owned 48,294 shares in the company, valued at approximately $1,412,116.56. This represents a 12.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.80% 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 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.