Delek Logistics Partners, L.P. (NYSE:DKL) Receives Average Recommendation of “Hold” from Analysts

Delek Logistics Partners, L.P. (NYSE:DKL) has earned a consensus rating of “Hold” from the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $44.25.

DKL has been the subject of several recent analyst reports. Mizuho raised shares of Delek Logistics Partners to a “hold” rating in a report on Thursday, June 26th. Wall Street Zen lowered shares of Delek Logistics Partners from a “hold” rating to a “sell” rating in a report on Thursday, May 8th.

Delek Logistics Partners Stock Performance

DKL opened at $43.74 on Friday. Delek Logistics Partners has a 12-month low of $34.59 and a 12-month high of $45.71. The company has a current ratio of 1.61, a quick ratio of 1.52 and a debt-to-equity ratio of 22.02. The firm has a market capitalization of $2.34 billion, a PE ratio of 14.63, a P/E/G ratio of 0.99 and a beta of 0.76. The firm has a 50 day moving average of $41.55 and a two-hundred day moving average of $41.45.

Delek Logistics Partners (NYSE:DKL) last posted its quarterly earnings results on Wednesday, May 7th. The oil and gas producer reported $0.73 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.73. The company had revenue of $249.93 million during the quarter, compared to analyst estimates of $237.17 million. Delek Logistics Partners had a net margin of 15.88% and a negative return on equity of 1,782.51%. On average, analysts anticipate that Delek Logistics Partners will post 3.01 EPS for the current year.

Delek Logistics Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were given a $1.11 dividend. The ex-dividend date of this dividend was Thursday, May 8th. This represents a $4.44 dividend on an annualized basis and a yield of 10.15%. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $1.11. Delek Logistics Partners’s dividend payout ratio is presently 148.49%.

Institutional Trading of Delek Logistics Partners

Hedge funds have recently made changes to their positions in the business. Jones Financial Companies Lllp increased its stake in Delek Logistics Partners by 303.3% in the first quarter. Jones Financial Companies Lllp now owns 1,210 shares of the oil and gas producer’s stock valued at $52,000 after purchasing an additional 910 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Delek Logistics Partners by 26.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,224,195 shares of the oil and gas producer’s stock valued at $52,959,000 after purchasing an additional 254,213 shares during the last quarter. Zuckerman Investment Group LLC increased its stake in Delek Logistics Partners by 33.3% in the first quarter. Zuckerman Investment Group LLC now owns 8,000 shares of the oil and gas producer’s stock valued at $346,000 after purchasing an additional 2,000 shares during the last quarter. SVB Wealth LLC purchased a new position in Delek Logistics Partners in the first quarter valued at approximately $53,000. Finally, Raymond James Financial Inc. increased its stake in Delek Logistics Partners by 9.5% in the first quarter. Raymond James Financial Inc. now owns 156,752 shares of the oil and gas producer’s stock valued at $6,781,000 after purchasing an additional 13,580 shares during the last quarter. Institutional investors and hedge funds own 11.75% of the company’s stock.

Delek Logistics Partners Company Profile

Delek Logistics Partners, LP provides gathering, pipeline, transportation, and other services for crude oil, intermediates, refined products, natural gas, storage, wholesale marketing, terminalling water disposal and recycling customers in the United States. The Gathering and Processing segment consists of pipelines, tanks, and offloading facilities that provide crude oil and natural gas gathering and processing, water disposal and recycling, and storage services, as well as crude oil transportation services to third parties.