Counterpoint Mutual Funds LLC Invests $2.83 Million in Delek US Holdings, Inc. $DK

Counterpoint Mutual Funds LLC purchased a new position in Delek US Holdings, Inc. (NYSE:DK) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 87,821 shares of the oil and gas company’s stock, valued at approximately $2,834,000. Delek US makes up about 0.2% of Counterpoint Mutual Funds LLC’s portfolio, making the stock its 22nd biggest holding. Counterpoint Mutual Funds LLC owned approximately 0.15% of Delek US as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC increased its stake in Delek US by 7,331.8% during the second quarter. AlphaQuest LLC now owns 1,635 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 1,613 shares during the last quarter. CWM LLC grew its holdings in shares of Delek US by 56.8% during the second quarter. CWM LLC now owns 3,634 shares of the oil and gas company’s stock valued at $77,000 after purchasing an additional 1,316 shares during the last quarter. Savant Capital LLC acquired a new stake in shares of Delek US during the 3rd quarter worth approximately $206,000. Merit Financial Group LLC bought a new stake in shares of Delek US in the 3rd quarter worth approximately $219,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Delek US during the 3rd quarter valued at approximately $232,000. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on DK. Piper Sandler dropped their target price on Delek US from $47.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Delek US in a report on Wednesday, January 21st. Citigroup reduced their target price on shares of Delek US from $37.00 to $33.00 and set a “neutral” rating for the company in a research note on Monday, January 26th. UBS Group upped their target price on shares of Delek US from $31.00 to $42.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 18th. Finally, Scotiabank set a $34.00 price target on Delek US in a report on Friday, January 16th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $38.85.

Delek US Price Performance

Shares of NYSE:DK opened at $33.27 on Tuesday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of -4.08 and a beta of 0.84. The company has a debt-to-equity ratio of 7.12, a current ratio of 0.86 and a quick ratio of 0.58. Delek US Holdings, Inc. has a 12 month low of $11.02 and a 12 month high of $43.50. The stock’s 50 day moving average price is $30.77 and its 200 day moving average price is $32.34.

Delek US Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 9th. Shareholders of record on Monday, March 2nd will be given a $0.255 dividend. The ex-dividend date is Monday, March 2nd. This represents a $1.02 annualized dividend and a yield of 3.1%. Delek US’s payout ratio is -12.50%.

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.