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

Delek US Holdings, Inc. (NYSE:DK) announced a quarterly dividend on Tuesday, February 18th,RTT News reports. Stockholders of record on Monday, March 3rd will be paid 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 dividend yield of 5.71%.

Delek US has a 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. Equities 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 2.1 %

Shares of DK stock traded down $0.39 during trading hours on Tuesday, reaching $17.87. The company had a trading volume of 1,983,156 shares, compared to its average volume of 1,130,676. The stock’s fifty day simple moving average is $18.26 and its 200 day simple moving average is $18.77. The company has a market capitalization of $1.13 billion, a P/E ratio of -3.68 and a beta of 1.20. The company has a debt-to-equity ratio of 3.18, a quick ratio of 0.67 and a current ratio of 1.04. Delek US has a twelve month low of $15.36 and a twelve month high of $33.60.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DK. Mizuho dropped their price objective on shares of Delek US from $26.00 to $25.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company dropped their price target on shares of Delek US from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Monday, December 9th. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Finally, JPMorgan Chase & Co. lifted their target price on Delek US from $21.00 to $22.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Five analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat.com, Delek US has a consensus rating of “Hold” and an average price target 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.