Delek US Holdings, Inc. (NYSE:DK) Announces $0.26 Quarterly Dividend

Delek US Holdings, Inc. (NYSE:DK) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Monday, August 3rd will be given a dividend of 0.255 per share by the oil and gas company on Monday, August 10th. This represents a c) dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, August 3rd.

Delek US has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Delek US has a payout ratio of -48.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Delek US to earn $2.59 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 39.4%.

Delek US Stock Performance

DK stock opened at $64.74 on Friday. Delek US has a 12 month low of $19.81 and a 12 month high of $68.93. The firm has a 50 day moving average of $49.94 and a two-hundred day moving average of $42.22. The company has a quick ratio of 0.49, a current ratio of 0.76 and a debt-to-equity ratio of 10.51. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of -71.14, a P/E/G ratio of 0.35 and a beta of 0.58.

Delek US (NYSE:DK) last released its quarterly earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.42) by $1.50. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.33 billion. Delek US had a positive return on equity of 22.90% and a negative net margin of 0.48%.The firm’s revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($2.32) EPS. As a group, equities analysts anticipate that Delek US will post 6.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their price target on Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a research report on Friday, June 12th. Scotiabank raised shares of Delek US to a “hold” rating in a report on Friday, March 27th. Mizuho upped their price target on Delek US from $54.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, May 27th. Citigroup raised their price objective on shares of Delek US from $33.00 to $44.00 and gave the stock a “neutral” rating in a report on Monday, April 13th. Finally, Wall Street Zen upgraded shares of Delek US from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $51.92.

About Delek US

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.