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

Delek US Holdings, Inc. (NYSE:DK) declared a quarterly dividend on Tuesday, February 18th,RTT News reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.255 per share by the oil and gas company on Monday, March 10th. This represents a $1.02 annualized dividend and a yield of 5.75%. The ex-dividend date is Monday, March 3rd.

Delek US has a dividend payout ratio of -67.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Delek US to earn ($2.92) per share next year, which means the company may not be able to cover its $1.02 annual dividend with an expected future payout ratio of -34.9%.

Delek US Stock Down 0.8 %

NYSE DK opened at $17.75 on Thursday. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The company has a fifty day moving average of $18.25 and a two-hundred day moving average of $18.74. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -3.65 and a beta of 1.20. Delek US has a 52 week low of $15.36 and a 52 week high of $33.60.

Analysts Set New Price Targets

Several research firms have recently weighed in on DK. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Wells Fargo & Company lowered their price target on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating for the company in a research report on Monday, December 9th. Mizuho lowered their price target on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Five research analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $21.00.

About Delek US

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock 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 terminal.