Delek Logistics Partners (NYSE:DKL) Posts Earnings Results, Misses Estimates By $0.06 EPS

Delek Logistics Partners (NYSE:DKL) issued its quarterly earnings results on Tuesday. The oil and gas producer reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.06), Zacks reports. Delek Logistics Partners had a negative return on equity of 155.77% and a net margin of 13.15%.

Delek Logistics Partners Stock Up 1.8 %

Shares of DKL stock traded up $0.73 during trading on Tuesday, reaching $40.75. The company’s stock had a trading volume of 39,294 shares, compared to its average volume of 156,591. Delek Logistics Partners has a one year low of $37.02 and a one year high of $46.50. The business has a fifty day moving average price of $42.24 and a 200-day moving average price of $40.95. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 1.28 and a beta of 2.10.

Delek Logistics Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 11th. Stockholders of record on Tuesday, February 4th were issued a $1.105 dividend. This represents a $4.42 dividend on an annualized basis and a dividend yield of 10.85%. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.10. The ex-dividend date was Tuesday, February 4th. Delek Logistics Partners’s payout ratio is 156.74%.

Insider Buying and Selling at Delek Logistics Partners

In related news, Chairman Ezra Uzi Yemin acquired 3,750 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $39.95 per share, for a total transaction of $149,812.50. Following the acquisition, the chairman now directly owns 162,217 shares of the company’s stock, valued at approximately $6,480,569.15. The trade was a 2.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Truist Financial increased their price objective on Delek Logistics Partners from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Raymond James raised their price target on Delek Logistics Partners from $44.00 to $46.00 and gave the company an “outperform” rating in a report on Tuesday, January 28th. Finally, StockNews.com cut Delek Logistics Partners from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $44.25.

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.