Delek US Holdings, Inc. (DK) To Go Ex-Dividend on November 12th

Delek US Holdings, Inc. (NYSE:DK) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Tuesday, November 12th will be paid a dividend of 0.255 per share by the oil and gas company on Monday, November 18th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date is Tuesday, November 12th.

Delek US has decreased its dividend payment by an average of 0.2% per year over the last three years. Delek US has a dividend payout ratio of -47.0% 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 ($2.23) 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 -45.7%.

Delek US Stock Up 0.6 %

DK traded up $0.09 during trading on Friday, hitting $15.76. The stock had a trading volume of 72,737 shares, compared to its average volume of 1,057,575. The stock has a 50 day simple moving average of $18.88 and a two-hundred day simple moving average of $22.82. The company has a market capitalization of $1.02 billion, a PE ratio of -9.25 and a beta of 1.13. The company has a debt-to-equity ratio of 2.50, a quick ratio of 0.58 and a current ratio of 0.98. Delek US has a twelve month low of $15.55 and a twelve month high of $33.60.

Delek US (NYSE:DK) last announced its earnings results on Tuesday, August 6th. The oil and gas company reported ($0.92) earnings per share for the quarter, topping the consensus estimate of ($1.42) by $0.50. Delek US had a negative return on equity of 4.53% and a negative net margin of 0.69%. The firm had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.31 billion. During the same period in the previous year, the business earned $1.00 EPS. The firm’s revenue for the quarter was down 18.4% on a year-over-year basis. On average, research analysts predict that Delek US will post -4.66 earnings per share for the current year.

Insider Activity

In other Delek US news, CEO Avigal Soreq bought 5,651 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were acquired at an average cost of $20.42 per share, with a total value of $115,393.42. Following the purchase, the chief executive officer now directly owns 188,881 shares of the company’s stock, valued at $3,856,950.02. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DK. Wolfe Research initiated coverage on Delek US in a research report on Thursday, July 18th. They set an “underperform” rating and a $19.00 price target for the company. Morgan Stanley lowered their price target on shares of Delek US from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Monday, September 16th. Bank of America began coverage on Delek US in a research report on Thursday, October 17th. They set an “underperform” rating and a $15.00 target price on the stock. StockNews.com cut Delek US from a “hold” rating to a “sell” rating in a report on Saturday, September 21st. Finally, TD Cowen dropped their price objective on Delek US from $19.00 to $18.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Six research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Delek US currently has a consensus rating of “Hold” and an average price target of $22.00.

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.