Delek Logistics Partners, L.P. (NYSE:DKL) Receives Average Recommendation of "Hold" from Analysts

Shares of Delek Logistics Partners, L.P. (NYSE:DKL - Get Free Report) have been given an average recommendation of "Hold" by the five analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $44.25.

Several analysts have recently commented on the company. Mizuho raised Delek Logistics Partners to a "hold" rating in a research note on Thursday, June 26th. Wall Street Zen downgraded Delek Logistics Partners from a "hold" rating to a "sell" rating in a research report on Thursday, May 8th.

Delek Logistics Partners Stock Performance

NYSE:DKL traded down $0.09 during mid-day trading on Tuesday, hitting $43.90. 31,127 shares of the stock were exchanged, compared to its average volume of 57,326. The firm's 50-day simple moving average is $43.07 and its 200 day simple moving average is $41.78. Delek Logistics Partners has a fifty-two week low of $34.59 and a fifty-two week high of $45.71. The company has a debt-to-equity ratio of 22.02, a quick ratio of 1.52 and a current ratio of 1.61. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 1.00 and a beta of 0.76.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The oil and gas producer reported $0.73 earnings per share for the quarter, hitting analysts' consensus estimates of $0.73. The business had revenue of $249.93 million for the quarter, compared to analyst estimates of $237.17 million. Delek Logistics Partners had a negative return on equity of 1,782.51% and a net margin of 15.88%. As a group, equities analysts anticipate that Delek Logistics Partners will post 3.01 EPS for the current fiscal year.

Delek Logistics Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, May 8th were given a dividend of $1.11 per share. This represents a $4.44 annualized dividend and a dividend yield of 10.12%. This is a boost from Delek Logistics Partners's previous quarterly dividend of $1.11. The ex-dividend date of this dividend was Thursday, May 8th. Delek Logistics Partners's dividend payout ratio is currently 148.49%.

Hedge Funds Weigh In On Delek Logistics Partners

A number of hedge funds have recently added to or reduced their stakes in DKL. Stifel Financial Corp raised its holdings in shares of Delek Logistics Partners by 7.5% in the fourth quarter. Stifel Financial Corp now owns 5,076 shares of the oil and gas producer's stock worth $215,000 after buying an additional 355 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of 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. Focus Financial Network Inc. grew its position in shares of Delek Logistics Partners by 11.0% in the first quarter. Focus Financial Network Inc. now owns 11,276 shares of the oil and gas producer's stock valued at $488,000 after purchasing an additional 1,116 shares during the period. Wells Fargo & Company MN boosted its position in Delek Logistics Partners by 4.2% during the fourth quarter. Wells Fargo & Company MN now owns 30,338 shares of the oil and gas producer's stock worth $1,282,000 after acquiring an additional 1,223 shares during the last quarter. Finally, SVB Wealth LLC acquired a new position in Delek Logistics Partners during the first quarter worth about $53,000. 11.75% of the stock is currently owned by institutional investors.

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.