Delek US Holdings, Inc. (DK) To Go Ex-Dividend on August 3rd

Delek US Holdings, Inc. (NYSE:DK) declared a quarterly dividend on Thursday, July 23rd. Shareholders of record on Monday, August 3rd will be paid 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 yield of 1.6%. The ex-dividend date is Monday, August 3rd.

Delek US has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Delek US has a dividend payout ratio of -48.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Delek US to earn $4.04 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 25.2%.

Delek US Stock Down 2.5%

Shares of NYSE DK opened at $63.16 on Friday. The firm has a fifty day simple moving average of $50.31 and a two-hundred day simple moving average of $42.37. Delek US has a 12 month low of $19.81 and a 12 month high of $68.93. The company has a current ratio of 0.76, a quick ratio of 0.49 and a debt-to-equity ratio of 10.51. The firm has a market capitalization of $3.87 billion, a PE ratio of -69.41, a price-to-earnings-growth ratio of 1.71 and a beta of 0.58.

Delek US (NYSE:DK) last announced its earnings results on Wednesday, April 29th. The oil and gas company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.42) by $1.50. Delek US had a negative net margin of 0.48% and a positive return on equity of 22.90%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the previous year, the firm posted ($2.32) EPS. The company’s revenue for the quarter was up .4% compared to the same quarter last year. Equities analysts expect that Delek US will post 8.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. TD Cowen raised their price objective on shares of Delek US from $58.00 to $76.00 and gave the stock a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. upped their target price on Delek US from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Mizuho increased their target price on Delek US from $54.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 27th. Morgan Stanley raised their target price on Delek US from $41.00 to $45.00 and gave the company an “equal weight” rating in a research note on Friday, June 12th. Finally, Scotiabank upgraded Delek US to a “hold” rating in a research report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Delek US has a consensus rating of “Hold” and an average target price of $51.92.

Delek US Company 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.