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

Delek US Holdings, Inc. (NYSE:DK) declared a quarterly dividend on Monday, April 20th. Investors of record on Friday, May 1st will be paid a dividend of 0.255 per share by the oil and gas company on Friday, May 8th. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, May 1st.

Delek US has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 2 years. Delek US has a payout ratio of -48.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Delek US to earn $1.11 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 91.9%.

Delek US Stock Up 0.4%

NYSE DK traded up $0.16 during trading hours on Tuesday, reaching $38.16. 52,650 shares of the company’s stock traded hands, compared to its average volume of 1,520,606. Delek US has a 52-week low of $12.66 and a 52-week high of $48.32. The company has a debt-to-equity ratio of 5.89, a current ratio of 0.82 and a quick ratio of 0.53. The firm has a 50-day simple moving average of $40.52 and a 200 day simple moving average of $36.26. The firm has a market cap of $2.28 billion, a PE ratio of -108.79, a PEG ratio of 0.81 and a beta of 0.68.

Delek US (NYSE:DK) last announced its quarterly earnings data on Friday, February 27th. The oil and gas company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.63. Delek US had a negative net margin of 0.21% and a negative return on equity of 13.55%. The business had revenue of $2.43 billion for the quarter, compared to analysts’ expectations of $2.55 billion. During the same quarter in the prior year, the company earned ($2.54) earnings per share. The business’s revenue was up 2.3% compared to the same quarter last year. Sell-side analysts anticipate that Delek US will post 1.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Reuven Spiegel sold 20,000 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $42.84, for a total value of $856,800.00. Following the completion of the transaction, the executive vice president owned 48,530 shares of the company’s stock, valued at $2,079,025.20. This represents a 29.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Shlomo Zohar sold 22,029 shares of Delek US stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $44.83, for a total value of $987,560.07. Following the sale, the director directly owned 18,989 shares in the company, valued at $851,276.87. This trade represents a 53.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 172,095 shares of company stock valued at $7,257,409. Insiders own 3.56% of the company’s stock.

Institutional Investors Weigh In On Delek US

Several large investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. bought a new stake in Delek US in the 3rd quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Delek US by 95.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 884 shares of the oil and gas company’s stock worth $26,000 after buying an additional 432 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Delek US by 173.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 968 shares of the oil and gas company’s stock valued at $29,000 after buying an additional 614 shares in the last quarter. Torren Management LLC bought a new position in shares of Delek US in the 4th quarter valued at about $40,000. Finally, Focus Partners Wealth bought a new stake in Delek US during the third quarter worth approximately $44,000. 97.01% of the stock is owned by institutional investors.

About Delek US

Delek US Holdings, Inc (NYSE: DK) is an independent downstream energy company engaged in the refining, logistics, and marketing of petroleum products. Headquartered in Brentwood, Tennessee, the company operates a network of inland refineries, storage terminals and pipelines, and convenience store locations. Delek US focuses on converting crude oil into a variety of finished products, including gasoline, diesel, jet fuel, asphalt and renewable fuels, serving wholesale and retail customers across the United States.

In its refining segment, Delek US owns and operates four inland refineries located in Texas and Arkansas.