Delek US Holdings Inc (NYSE:DK) declared a quarterly dividend on Monday, July 29th, NASDAQ reports. Shareholders of record on Monday, August 19th will be paid a dividend of 0.29 per share by the oil and gas company on Tuesday, September 3rd. This represents a $1.16 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Friday, August 16th. This is a positive change from Delek US’s previous quarterly dividend of $0.28.
Delek US has raised its dividend payment by an average of 17.0% annually over the last three years. Delek US has a payout ratio of 23.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Delek US to earn $3.87 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 30.0%.
DK traded down $1.23 during midday trading on Wednesday, reaching $31.75. 2,550 shares of the company’s stock were exchanged, compared to its average volume of 1,347,532. The company has a quick ratio of 1.00, a current ratio of 1.48 and a debt-to-equity ratio of 0.99. The firm has a market cap of $2.53 billion, a PE ratio of 6.60 and a beta of 1.65. The company’s 50-day moving average price is $39.35. Delek US has a 1-year low of $29.51 and a 1-year high of $56.36.
Delek US (NYSE:DK) last announced its earnings results on Monday, August 5th. The oil and gas company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.40. The company had revenue of $2.48 billion during the quarter, compared to analysts’ expectations of $2.32 billion. Delek US had a net margin of 5.51% and a return on equity of 27.65%. The firm’s quarterly revenue was down 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 earnings per share. Equities analysts predict that Delek US will post 4.02 earnings per share for the current fiscal year.
DK has been the subject of a number of recent research reports. Goldman Sachs Group downgraded shares of Delek US from a “neutral” rating to a “sell” rating and set a $37.00 price target for the company. in a report on Tuesday, June 25th. ValuEngine upgraded shares of Delek US from a “sell” rating to a “hold” rating in a report on Tuesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $46.62.
In related news, EVP Louis Labella sold 1,200 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $44.00, for a total value of $52,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Avigal Soreq sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $41.30, for a total transaction of $165,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,554 shares of company stock valued at $974,576. Insiders own 1.20% 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's Refining segment processes crude oil and other purchased feedstocks 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 terminals.
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