Shares of Delek Logistics Partners LP (NYSE:DKL) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $32.50.
DKL has been the topic of several analyst reports. Zacks Investment Research lowered shares of Delek Logistics Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, May 1st. ValuEngine lowered shares of Delek Logistics Partners from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Finally, Wells Fargo & Co lowered shares of Delek Logistics Partners from an “outperform” rating to a “market perform” rating in a research report on Thursday, March 1st.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Global X Management Co. LLC boosted its position in shares of Delek Logistics Partners by 3.8% during the 1st quarter. Global X Management Co. LLC now owns 262,789 shares of the oil and gas producer’s stock worth $7,450,000 after acquiring an additional 9,684 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Delek Logistics Partners by 215.8% during the 4th quarter. Deutsche Bank AG now owns 36,881 shares of the oil and gas producer’s stock worth $1,169,000 after acquiring an additional 25,201 shares in the last quarter. Franklin Square Holdings L.P. boosted its position in shares of Delek Logistics Partners by 9.6% during the 1st quarter. Franklin Square Holdings L.P. now owns 25,860 shares of the oil and gas producer’s stock worth $733,000 after acquiring an additional 2,260 shares in the last quarter. Meitav Dash Investments Ltd. acquired a new stake in shares of Delek Logistics Partners during the 4th quarter worth approximately $591,000. Finally, Guggenheim Capital LLC boosted its position in shares of Delek Logistics Partners by 33.6% during the 1st quarter. Guggenheim Capital LLC now owns 16,298 shares of the oil and gas producer’s stock worth $462,000 after acquiring an additional 4,098 shares in the last quarter. Institutional investors and hedge funds own 24.34% of the company’s stock.
Shares of Delek Logistics Partners traded down $0.55, hitting $27.65, during mid-day trading on Friday, according to Marketbeat.com. 32,100 shares of the company’s stock were exchanged, compared to its average volume of 40,525. Delek Logistics Partners has a 52 week low of $26.60 and a 52 week high of $35.54. The stock has a market capitalization of $719.06 million, a PE ratio of 13.23, a P/E/G ratio of 3.32 and a beta of 1.09. The company has a current ratio of 1.61, a quick ratio of 1.26 and a debt-to-equity ratio of -5.65.
Delek Logistics Partners (NYSE:DKL) last announced its earnings results on Monday, May 7th. The oil and gas producer reported $0.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.04. Delek Logistics Partners had a net margin of 12.98% and a negative return on equity of 144.78%. The company had revenue of $167.92 million for the quarter, compared to analysts’ expectations of $154.61 million. equities research analysts predict that Delek Logistics Partners will post 2.9 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 15th. Investors of record on Monday, May 7th were given a dividend of $0.75 per share. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $0.73. The ex-dividend date was Friday, May 4th. This represents a $3.00 annualized dividend and a dividend yield of 10.85%. Delek Logistics Partners’s dividend payout ratio (DPR) is currently 143.54%.
Delek Logistics Partners Company Profile
Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates in two segments, Pipelines and Transportation, and Wholesale Marketing and Terminalling. The Pipelines and Transportation segment consists of assets, including pipelines and trucks, and ancillary assets that provide crude oil gathering and crude oil, intermediate and finished products transportation, and storage services primarily in support of the Tyler and El Dorado refineries, as well as offers crude oil and other products transportation services to third parties.
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