Delek Logistics Partners (NYSE:DKL) Reaches New 12-Month High After Dividend Announcement

Posted by George Bondi on Jul 24th, 2026

Delek Logistics Partners, L.P. (NYSE:DKL – Get Free Report)’s share price hit a new 52-week high on Wednesday following a dividend announcement from the company. The stock traded as high as $57.15 and last traded at $56.93, with a volume of 21023 shares traded. The stock had previously closed at $55.24.

The newly announced dividend which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be given a $1.135 dividend. The ex-dividend date is Monday, August 3rd. This is an increase from Delek Logistics Partners’s previous quarterly dividend of $1.13. This represents a $4.54 dividend on an annualized basis and a dividend yield of 7.8%. Delek Logistics Partners’s dividend payout ratio (DPR) is 143.04%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DKL. Mizuho boosted 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. UBS Group started coverage on shares of Delek Logistics Partners in a research note on Thursday, July 16th. They set a “neutral” rating and a $56.00 price objective on the stock. Zacks Research raised shares of Delek Logistics Partners from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Raymond James Financial restated an “outperform” rating and issued a $60.00 target price on shares of Delek Logistics Partners in a research report on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of Delek Logistics Partners from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Delek Logistics Partners currently has an average rating of “Hold” and an average price target of $55.40.

View Our Latest Stock Analysis on DKL

Delek Logistics Partners Trading Up 1.1%

The company has a market capitalization of $3.08 billion, a price-to-earnings ratio of 18.30, a P/E/G ratio of 0.67 and a beta of 0.47. The company has a current ratio of 0.96, a quick ratio of 0.92 and a debt-to-equity ratio of 386.77. The business’s 50 day moving average price is $52.28 and its two-hundred day moving average price is $51.55.

Delek Logistics Partners (NYSE:DKL – Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The oil and gas producer reported $0.60 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.20). The company had revenue of $297.47 million during the quarter, compared to the consensus estimate of $239.87 million. Delek Logistics Partners had a net margin of 16.00% and a return on equity of 1,917.10%. On average, equities analysts predict that Delek Logistics Partners, L.P. will post 3.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Delek Logistics Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in DKL. Jones Financial Companies Lllp increased its holdings 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 period. Jump Financial LLC bought a new stake in shares of Delek Logistics Partners in the 2nd quarter valued at $207,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Delek Logistics Partners by 24.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,523,062 shares of the oil and gas producer’s stock worth $65,416,000 after buying an additional 298,867 shares during the last quarter. Raymond James Financial Inc. boosted its position in Delek Logistics Partners by 30.8% during the second quarter. Raymond James Financial Inc. now owns 205,036 shares of the oil and gas producer’s stock valued at $8,806,000 after acquiring an additional 48,284 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Delek Logistics Partners by 1,186.5% in the 2nd quarter. Bank of America Corp DE now owns 4,194 shares of the oil and gas producer’s stock worth $180,000 after acquiring an additional 3,868 shares in the last quarter. 11.75% of the stock is currently owned by institutional investors and hedge funds.

About Delek Logistics Partners

(Get Free Report)

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.