Delek US Holdings, Inc. (DK) To Go Ex-Dividend on November 10th

Delek US Holdings, Inc. (NYSE:DK) announced a quarterly dividend on Thursday, October 29th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.30 per share by the oil and gas company on Wednesday, November 18th. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, November 10th. This is a 17.6% increase from Delek US’s previous quarterly dividend of $0.2550.

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 research analysts expect Delek US to earn $14.03 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 7.3%.

Delek US Stock Up 3.2%

Shares of Delek US stock opened at $73.39 on Friday. The company has a market capitalization of $4.49 billion, a P/E ratio of 9.45, a price-to-earnings-growth ratio of 0.52 and a beta of 0.62. The company has a debt-to-equity ratio of 7.53, a current ratio of 0.76 and a quick ratio of 0.47. The business has a 50-day moving average of $74.00 and a two-hundred day moving average of $52.81. Delek US has a 1 year low of $25.85 and a 1 year high of $82.27.

Delek US (NYSE:DK) last posted its earnings results on Wednesday, August 5th. The oil and gas company reported $5.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.67 by $2.81. Delek US had a return on equity of 109.03% and a net margin of 1.86%. The business had revenue of $4.09 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the prior year, the business earned ($0.56) EPS. Delek US’s revenue for the quarter was up 47.9% compared to the same quarter last year. As a group, equities analysts predict that Delek US will post 18.62 EPS for the current year.

Insiders Place Their Bets

In other Delek US news, CEO Avigal Soreq sold 80,000 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $66.51, for a total value of $5,320,800.00. Following the transaction, the chief executive officer directly owned 231,486 shares of the company’s stock, valued at $15,396,133.86. This represents a 25.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Vicky Sutil sold 6,397 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $71.50, for a total transaction of $457,385.50. Following the sale, the director owned 26,407 shares of the company’s stock, valued at $1,888,100.50. This trade represents a 19.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 163,377 shares of company stock worth $11,082,485 in the last 90 days. Corporate insiders own 3.56% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund acquired a new stake in shares of Delek US in the 3rd quarter valued at approximately $978,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Delek US in the 3rd quarter worth approximately $218,000. ProShare Advisors LLC grew its stake in Delek US by 4.8% during the third quarter. ProShare Advisors LLC now owns 8,380 shares of the oil and gas company’s stock worth $598,000 after purchasing an additional 387 shares during the period. State of Wyoming grew its holdings in Delek US by 41.0% in the third quarter. State of Wyoming now owns 13,898 shares of the oil and gas company’s stock worth $992,000 after purchasing an additional 4,042 shares during the period. Finally, International Assets Investment Management LLC increased its position in Delek US by 227.9% in the 3rd quarter. International Assets Investment Management LLC now owns 70,000 shares of the oil and gas company’s stock valued at $4,996,000 after buying an additional 48,655 shares in the last quarter. Institutional investors own 97.01% of the company’s stock.

Delek US Company Profile

Delek US Holdings, Inc is a downstream energy company headquartered in Brentwood, Tennessee. The company operates petroleum refineries and related logistics assets, producing and transporting fuels and other refined petroleum products for markets primarily in the southern United States.

Through its refining operations, Delek processes crude oil into products such as gasoline, diesel, jet fuel and asphalt. Its logistics business, conducted in part through Delek Logistics Partners, owns and operates pipelines, crude oil gathering systems, storage terminals, transportation assets and other infrastructure that supports the movement of crude oil and refined products.

Delek has also operated convenience stores and fuel stations, particularly in Texas and neighboring states, under brands including DK and Alon.