Counterpoint Mutual Funds LLC Purchases New Stake in Delek US Holdings, Inc. (NYSE:DK)

Counterpoint Mutual Funds LLC purchased a new stake in shares of Delek US Holdings, Inc. (NYSE:DK – Get Rating) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,886 shares of the oil and gas company’s stock, valued at approximately $132,000.

Other institutional investors also recently added to or reduced their stakes in the company. Mutual Advisors LLC boosted its position in Delek US by 3.7% during the fourth quarter. Mutual Advisors LLC now owns 50,840 shares of the oil and gas company’s stock worth $1,373,000 after purchasing an additional 1,800 shares during the period. Bank of New York Mellon Corp boosted its position in Delek US by 3.7% during the third quarter. Bank of New York Mellon Corp now owns 358,669 shares of the oil and gas company’s stock worth $9,735,000 after purchasing an additional 12,840 shares during the period. IHT Wealth Management LLC bought a new position in Delek US during the third quarter worth about $611,000. Nomura Holdings Inc. bought a new position in Delek US during the third quarter worth about $991,000. Finally, State Street Corp boosted its position in Delek US by 9.3% during the third quarter. State Street Corp now owns 4,446,787 shares of the oil and gas company’s stock worth $120,686,000 after purchasing an additional 376,508 shares during the period. Institutional investors own 98.34% of the company’s stock.

Delek US Price Performance

DK traded down $0.06 on Friday, reaching $22.18. The company had a trading volume of 3,215,000 shares, compared to its average volume of 1,869,773. The business has a 50 day simple moving average of $25.51 and a 200 day simple moving average of $27.64. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 6.32, a P/E/G ratio of 0.91 and a beta of 1.43. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.71 and a current ratio of 1.20. Delek US Holdings, Inc. has a 52-week low of $18.10 and a 52-week high of $35.45.

Delek US (NYSE:DK – Get Rating) last announced its earnings results on Tuesday, February 28th. The oil and gas company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.05). The company had revenue of $4.48 billion during the quarter, compared to analysts’ expectations of $3.14 billion. Delek US had a net margin of 1.27% and a return on equity of 35.96%. The company’s revenue for the quarter was up 44.1% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.61) earnings per share. As a group, sell-side analysts anticipate that Delek US Holdings, Inc. will post 4.78 EPS for the current year.

Delek US Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 17th. Shareholders of record on Friday, March 10th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, March 9th. This is an increase from Delek US’s previous quarterly dividend of $0.21. This represents a $0.88 annualized dividend and a dividend yield of 3.97%. Delek US’s dividend payout ratio (DPR) is 25.07%.

Insiders Place Their Bets

In other Delek US news, CEO Avigal Soreq purchased 6,775 shares of the firm’s stock in a transaction on Tuesday, March 14th. The shares were purchased at an average cost of $22.63 per share, with a total value of $153,318.25. Following the completion of the purchase, the chief executive officer now owns 94,400 shares of the company’s stock, valued at approximately $2,136,272. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Delek US news, CFO Reuven Spiegel purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, March 14th. The shares were purchased at an average cost of $22.60 per share, with a total value of $45,200.00. Following the completion of the purchase, the chief financial officer now owns 33,148 shares of the company’s stock, valued at approximately $749,144.80. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Avigal Soreq bought 6,775 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The stock was purchased at an average cost of $22.63 per share, for a total transaction of $153,318.25. Following the completion of the purchase, the chief executive officer now owns 94,400 shares of the company’s stock, valued at $2,136,272. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on DK shares. Mizuho cut their target price on shares of Delek US from $30.00 to $25.00 in a research report on Friday, March 10th. Morgan Stanley raised their price objective on shares of Delek US from $27.00 to $29.00 and gave the company an “underweight” rating in a research report on Friday, January 20th. UBS Group assumed coverage on shares of Delek US in a research report on Wednesday, March 8th. They issued a “neutral” rating and a $29.00 price objective for the company. Wells Fargo & Company lowered shares of Delek US from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $40.00 to $24.00 in a research report on Thursday, January 5th. Finally, TheStreet lowered shares of Delek US from a “b-” rating to a “c+” rating in a research report on Wednesday, December 7th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Delek US presently has an average rating of “Hold” and a consensus target price of $31.42.

About Delek US

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Delek US Holdings, Inc engages in petroleum refining, and the transportation, storage, and wholesale distribution of crude oil. It operates through the following segments: Refining, Logistics, Retail, and Corporate and Other. The Refining segment processes crude oil and other purchased feedstocks for the manufacture of transportation motor fuels, including gasoline, diesel fuel and aviation fuel, asphalt, and other petroleum-based products.