Delek US Holdings, Inc. (DK) To Go Ex-Dividend on March 3rd

Delek US Holdings, Inc. (NYSE:DK) announced a quarterly dividend on Tuesday, February 18th,RTT News reports. Investors 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 yield of 5.75%. The ex-dividend date of this dividend is Monday, March 3rd.

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 Performance

Shares of DK stock opened at $17.75 on Thursday. Delek US has a one year low of $15.36 and a one year high of $33.60. The company’s 50-day moving average is $18.25 and its 200 day moving average is $18.74. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -3.65 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.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DK. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Mizuho lowered 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. Wells Fargo & Company lowered their target price 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. Finally, JPMorgan Chase & Co. upped their target price on shares of Delek US from $21.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Five investment analysts have rated the stock with a sell rating and six have given a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus 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.