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

Shares of Delek Logistics Partners, L.P. (NYSE:DKL) have been assigned a consensus rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $55.25.

DKL has been the topic of several research analyst reports. Weiss Ratings downgraded Delek Logistics Partners from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 12th. Truist Financial initiated coverage on shares of Delek Logistics Partners in a research report on Tuesday, March 24th. They issued a “hold” rating and a $57.00 price objective for the company. Citigroup reissued a “neutral” rating and issued a $52.00 price objective (up from $47.00) on shares of Delek Logistics Partners in a research report on Friday, March 6th. Mizuho boosted their price objective on shares of Delek Logistics Partners from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, April 21st. Finally, Zacks Research cut shares of Delek Logistics Partners from a “hold” rating to a “strong sell” rating in a research report on Friday, January 23rd.

Delek Logistics Partners Stock Performance

Delek Logistics Partners stock opened at $52.49 on Wednesday. The company has a debt-to-equity ratio of 386.77, a current ratio of 0.96 and a quick ratio of 0.92. Delek Logistics Partners has a 1-year low of $40.10 and a 1-year high of $55.89. The firm has a market capitalization of $2.79 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 0.61 and a beta of 0.50. The company’s 50-day moving average is $51.35 and its 200 day moving average is $49.19.

Delek Logistics Partners (NYSE:DKL) last announced 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 business 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%. Research analysts forecast that Delek Logistics Partners will post 3.86 EPS for the current year.

Delek Logistics Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were given a dividend of $1.13 per share. 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. This represents a $4.52 dividend on an annualized basis and a yield of 8.6%. Delek Logistics Partners’s dividend payout ratio is presently 143.04%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Alps Advisors Inc. boosted its position in Delek Logistics Partners by 2.5% during the 3rd quarter. Alps Advisors Inc. now owns 4,323,382 shares of the oil and gas producer’s stock valued at $196,887,000 after acquiring an additional 104,115 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Delek Logistics Partners by 30.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 426,966 shares of the oil and gas producer’s stock valued at $19,444,000 after acquiring an additional 99,500 shares in the last quarter. PFG Investments LLC boosted its position in Delek Logistics Partners by 50.9% during the 4th quarter. PFG Investments LLC now owns 33,650 shares of the oil and gas producer’s stock valued at $1,501,000 after acquiring an additional 11,350 shares in the last quarter. Castellan Group boosted its position in Delek Logistics Partners by 4.9% during the 4th quarter. Castellan Group now owns 84,732 shares of the oil and gas producer’s stock valued at $3,781,000 after acquiring an additional 3,989 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH bought a new stake in Delek Logistics Partners during the 4th quarter valued at $252,000. Hedge funds and other institutional investors 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.