Delek US Holdings, Inc. (NYSE:DK) Plans Quarterly Dividend of $0.25

Delek US Holdings, Inc. (NYSE:DK - Get Free Report) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Investors of record on Friday, May 17th will be paid a dividend of 0.25 per share by the oil and gas company on Friday, May 24th. This represents a $1.00 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Thursday, May 16th. This is a positive change from Delek US's previous quarterly dividend of $0.25.

Delek US has decreased its dividend payment by an average of 0.2% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Delek US has a payout ratio of 64.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Delek US to earn $1.88 per share next year, which means the company should continue to be able to cover its $0.98 annual dividend with an expected future payout ratio of 52.1%.

Delek US Stock Performance

DK traded up $0.20 on Friday, reaching $26.91. The company had a trading volume of 733,707 shares, compared to its average volume of 890,038. The stock has a 50-day moving average price of $29.10 and a 200-day moving average price of $27.44. Delek US has a 1 year low of $19.39 and a 1 year high of $33.60. The company has a quick ratio of 0.63, a current ratio of 0.99 and a debt-to-equity ratio of 2.66. The stock has a market capitalization of $1.72 billion, a PE ratio of 122.32 and a beta of 1.34.

Delek US (NYSE:DK - Get Free Report) last announced its earnings results on Tuesday, February 27th. The oil and gas company reported ($1.46) EPS for the quarter, missing analysts' consensus estimates of ($1.28) by ($0.18). Delek US had a net margin of 0.12% and a return on equity of 18.27%. The business had revenue of $4.05 billion during the quarter, compared to analysts' expectations of $3.55 billion. During the same period in the previous year, the company posted $0.88 earnings per share. Delek US's quarterly revenue was down 9.6% on a year-over-year basis. As a group, research analysts forecast that Delek US will post 1.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DK has been the subject of a number of research reports. Wells Fargo & Company upped their target price on shares of Delek US from $21.00 to $26.00 and gave the company an "underweight" rating in a report on Wednesday, March 20th. UBS Group increased their price target on shares of Delek US from $30.00 to $32.00 and gave the stock a "neutral" rating in a report on Thursday, April 4th. TD Cowen increased their price target on shares of Delek US from $23.00 to $24.00 and gave the stock a "market perform" rating in a report on Wednesday, February 28th. Citigroup initiated coverage on shares of Delek US in a report on Wednesday, January 24th. They set a "neutral" rating for the company. Finally, Scotiabank increased their price target on shares of Delek US from $25.00 to $27.00 and gave the stock a "sector perform" rating in a report on Thursday, April 11th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $28.56.

Insiders Place Their Bets

In other news, CFO Robert G. Wright sold 2,123 shares of the stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $28.50, for a total value of $60,505.50. Following the sale, the chief financial officer now directly owns 18,925 shares in the company, valued at $539,362.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have sold 4,976 shares of company stock worth $141,243. 1.80% of the stock is owned by company insiders.

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.