Counterpoint Mutual Funds LLC Trims Position in Delek US Holdings, Inc. $DK

Counterpoint Mutual Funds LLC cut its stake in shares of Delek US Holdings, Inc. (NYSE:DK) by 92.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,516 shares of the oil and gas company’s stock after selling 98,440 shares during the period. Counterpoint Mutual Funds LLC’s holdings in Delek US were worth $384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Delek US by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 6,330,858 shares of the oil and gas company’s stock valued at $187,773,000 after acquiring an additional 38,577 shares in the last quarter. Mercuria Capital Strategies LLC purchased a new position in shares of Delek US during the third quarter worth about $8,755,000. Burney Co. purchased a new position in shares of Delek US during the fourth quarter worth about $2,198,000. Williamson Legacy Group LLC bought a new position in shares of Delek US in the fourth quarter worth approximately $1,095,000. Finally, Highbridge Capital Management LLC bought a new position in shares of Delek US in the fourth quarter worth approximately $1,093,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Delek US Stock Down 0.0%

Shares of DK opened at $52.59 on Friday. Delek US Holdings, Inc. has a 1 year low of $19.81 and a 1 year high of $54.17. The company has a debt-to-equity ratio of 10.51, a current ratio of 0.76 and a quick ratio of 0.49. The stock has a 50 day simple moving average of $45.56 and a two-hundred day simple moving average of $39.25. The firm has a market cap of $3.22 billion, a P/E ratio of -57.79, a P/E/G ratio of 0.32 and a beta of 0.58.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 EPS for the quarter, topping the consensus estimate of ($1.42) by $1.50. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.33 billion. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The business’s revenue was up .4% compared to the same quarter last year. During the same period last year, the firm posted ($2.32) earnings per share. On average, analysts forecast that Delek US Holdings, Inc. will post 5.58 earnings per share for the current fiscal year.

Delek US Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 8th. Investors of record on Friday, May 1st were given a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, May 1st. Delek US’s dividend payout ratio (DPR) is presently -112.09%.

Insiders Place Their Bets

In other Delek US news, EVP Reuven Spiegel sold 10,000 shares of the business’s stock in a transaction on Monday, May 18th. The shares were sold at an average price of $44.36, for a total value of $443,600.00. Following the completion of the sale, the executive vice president directly owned 48,372 shares of the company’s stock, valued at $2,145,781.92. The trade was a 17.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Robert G. Wright sold 10,720 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $47.07, for a total transaction of $504,590.40. Following the sale, the executive vice president owned 48,148 shares of the company’s stock, valued at approximately $2,266,326.36. The trade was a 18.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 39,270 shares of company stock valued at $1,828,718 over the last three months. 3.56% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DK has been the subject of several research analyst reports. Zacks Research upgraded shares of Delek US from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. Morgan Stanley increased their price target on shares of Delek US from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Friday, June 12th. Raymond James Financial raised their price objective on shares of Delek US from $47.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, March 25th. Wall Street Zen raised shares of Delek US from a “buy” rating to a “strong-buy” rating in a report on Monday, May 18th. Finally, Weiss Ratings lowered shares of Delek US from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Delek US presently has a consensus rating of “Hold” and an average price target of $46.08.

Delek US Profile

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.