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

Shares of Delek Logistics Partners, L.P. (NYSE:DKL) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. One investment 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 target price among brokers that have issued a report on the stock in the last year is $55.25.

A number of research analysts have commented on the company. Mizuho upped their price target on Delek Logistics Partners from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 21st. Weiss Ratings cut Delek Logistics Partners from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 12th. Raymond James Financial restated an “outperform” rating and set a $60.00 price target on shares of Delek Logistics Partners in a research note on Thursday, April 30th. Truist Financial assumed 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. Finally, Citigroup restated 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.

Delek Logistics Partners Trading Down 1.6%

DKL opened at $52.92 on Friday. Delek Logistics Partners has a one year low of $41.72 and a one year high of $55.89. The stock has a market capitalization of $2.81 billion, a PE ratio of 16.75, a P/E/G ratio of 0.62 and a beta of 0.47. The business’s 50 day moving average price is $50.96 and its 200 day moving average price is $50.00. The company has a debt-to-equity ratio of 386.77, a quick ratio of 0.92 and a current ratio of 0.96.

Delek Logistics Partners (NYSE:DKL) last released its quarterly earnings results 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). Delek Logistics Partners had a return on equity of 1,917.10% and a net margin of 16.00%.The firm had revenue of $297.47 million for the quarter, compared to analyst estimates of $239.87 million. As a group, equities research analysts expect that Delek Logistics Partners will post 3.86 EPS for the current year.

Delek Logistics Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, May 4th were paid a dividend of $1.13 per share. This represents a $4.52 dividend on an annualized basis and a yield of 8.5%. This is a positive change from Delek Logistics Partners’s previous quarterly dividend of $1.13. The ex-dividend date was Monday, May 4th. Delek Logistics Partners’s payout ratio is currently 143.04%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Infrastructure Capital Advisors LLC lifted its stake in Delek Logistics Partners by 2.4% during the first quarter. Infrastructure Capital Advisors LLC now owns 156,476 shares of the oil and gas producer’s stock worth $7,786,000 after purchasing an additional 3,596 shares in the last quarter. Gateway Wealth Partners LLC acquired a new stake in shares of Delek Logistics Partners in the first quarter valued at $222,000. State of Wyoming acquired a new stake in shares of Delek Logistics Partners in the first quarter valued at $67,000. HB Wealth Management LLC acquired a new stake in shares of Delek Logistics Partners in the first quarter valued at $216,000. Finally, Castellan Group raised its stake in shares of Delek Logistics Partners by 7.6% in the first quarter. Castellan Group now owns 91,162 shares of the oil and gas producer’s stock valued at $4,536,000 after acquiring an additional 6,430 shares in the last quarter. 11.75% of the stock is currently owned by institutional investors and hedge funds.

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.