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

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 given a dividend of 0.255 per share by the oil and gas company on Monday, March 10th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 5.71%.

Delek US has a dividend payout ratio of -67.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Performance

DK stock opened at $17.87 on Wednesday. The company has a debt-to-equity ratio of 3.18, a current ratio of 1.04 and a quick ratio of 0.67. The stock has a 50-day moving average price of $18.26 and a two-hundred day moving average price of $18.77. Delek US has a 12-month low of $15.36 and a 12-month high of $33.60.

Wall Street Analyst Weigh In

DK has been the topic of a number of research reports. Mizuho cut their target price 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. JPMorgan Chase & Co. raised their target price on Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Wolfe Research upgraded Delek US from an “underperform” rating to a “peer perform” rating in a report on Friday, January 3rd. Finally, Wells Fargo & Company dropped their price objective 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. Five research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Delek US Company Profile

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.