Delek Logistics Partners, L.P. (NYSE:DKL – Get Free Report) has received an average rating of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $55.25.
DKL has been the topic of a number of recent analyst reports. Weiss Ratings lowered Delek Logistics Partners from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. Citigroup reaffirmed a “neutral” rating and set a $52.00 price target (up from $47.00) on shares of Delek Logistics Partners in a research note on Friday, March 6th. Truist Financial started coverage on Delek Logistics Partners in a research note on Tuesday, March 24th. They set a “hold” rating and a $57.00 price target on the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $60.00 price target on shares of Delek Logistics Partners in a research note on Thursday, April 30th. Finally, Mizuho upped their price target on Delek Logistics Partners from $45.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, April 21st.
Check Out Our Latest Analysis on DKL
Delek Logistics Partners Price Performance
Delek Logistics Partners (NYSE:DKL – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The oil and gas producer reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.20). The business had revenue of $297.47 million during the quarter, compared to analyst estimates of $239.87 million. Delek Logistics Partners had a return on equity of 1,917.10% and a net margin of 16.00%. Equities research analysts forecast that Delek Logistics Partners will post 3.86 earnings per share for the current fiscal year.
Delek Logistics Partners Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, May 4th were paid a dividend of $1.13 per share. This represents a $4.52 annualized dividend and a dividend yield of 9.1%. This is a boost from Delek Logistics Partners’s previous quarterly dividend of $1.13. The ex-dividend date of this dividend was Monday, May 4th. Delek Logistics Partners’s payout ratio is currently 143.04%.
Hedge Funds Weigh In On Delek Logistics Partners
Large investors have recently made changes to their positions in the company. GSA Capital Partners LLP acquired a new position in shares of Delek Logistics Partners during the fourth quarter valued at $1,054,000. JPMorgan Chase & Co. increased its holdings in Delek Logistics Partners by 30.4% in the third quarter. JPMorgan Chase & Co. now owns 426,966 shares of the oil and gas producer’s stock valued at $19,444,000 after purchasing an additional 99,500 shares during the last quarter. PFG Investments LLC increased its holdings in Delek Logistics Partners by 50.9% in the fourth quarter. PFG Investments LLC now owns 33,650 shares of the oil and gas producer’s stock valued at $1,501,000 after purchasing an additional 11,350 shares during the last quarter. Alps Advisors Inc. increased its holdings in Delek Logistics Partners by 3.8% in the fourth quarter. Alps Advisors Inc. now owns 4,489,123 shares of the oil and gas producer’s stock valued at $200,305,000 after purchasing an additional 165,741 shares during the last quarter. Finally, Motiv8 Investments LLC bought a new stake in Delek Logistics Partners in the fourth quarter valued at about $192,000. Institutional investors and hedge funds own 11.75% of the company’s stock.
Delek Logistics Partners Company Profile
Delek Logistics Partners L.P. (NYSE: DKL) is a master limited partnership formed in 2011 through contributions of pipeline, terminal and crude oil gathering assets by its sponsor, Delek US Holdings, Inc Headquartered in Brentwood, Tennessee, the partnership is managed by Delek Logistics GP, LLC, an affiliate of Delek US. Delek Logistics Partners owns and operates an integrated network of petroleum pipelines and terminals that support the movement, storage and throughput of crude oil and refined products.
The partnership’s core operations include crude oil gathering and processing systems, long-haul pipeline transportation and storage terminal services.
Featured Articles
- Five stocks we like better than Delek Logistics Partners
- 3 Retail Winners Using Cash Flow to Stay Ahead
- 3 Tech ETFs That Could Bounce Back After the AI Selloff
- 3 Penny Stocks Under $5 Backed by Real Revenue Growth
- 3 Non-Pharma Firms That Could Benefit From the GLP-1 Trend
Receive News & Ratings for Delek Logistics Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Delek Logistics Partners and related companies with MarketBeat.com's FREE daily email newsletter.
