Delek Logistics Partners, L.P. (NYSE:DKL) Receives $44.25 Consensus PT from Analysts

Key Points

• Delek Logistics Partners has received an average analyst recommendation of "Hold" from five ratings firms, with a 1-year price objective of $44.25.
• The company recently declared a quarterly dividend of $1.115 per share, reflecting an annualized dividend of $4.46 and a yield of 10.3%.
• Delek Logistics reported a net margin of 16.58% for the last quarter, with earnings per share of $0.83, surpassing the consensus estimate of $0.79.

Delek Logistics Partners, L.P. (NYSE:DKL - Get Free Report) has been given a consensus rating of "Hold" by the five analysts that are covering the firm, MarketBeat.com reports. 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 company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $44.25.

DKL has been the subject of several research reports. Mizuho raised shares of Delek Logistics Partners to a "hold" rating in a research note on Thursday, June 26th. Wall Street Zen cut shares of Delek Logistics Partners from a "hold" rating to a "sell" rating in a research note on Thursday, May 8th.

Delek Logistics Partners Trading Up 0.1%

NYSE:DKL traded up $0.04 during trading hours on Friday, hitting $43.14. The stock had a trading volume of 51,604 shares, compared to its average volume of 98,057. The business's 50 day moving average is $43.80 and its 200-day moving average is $41.82. The company has a debt-to-equity ratio of 69.13, a quick ratio of 0.89 and a current ratio of 0.93. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 0.97 and a beta of 0.69. Delek Logistics Partners has a one year low of $34.59 and a one year high of $48.00.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The oil and gas producer reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.04. Delek Logistics Partners had a return on equity of 1,224.47% and a net margin of 16.58%.The company had revenue of $246.35 million during the quarter, compared to the consensus estimate of $289.07 million. Sell-side analysts anticipate that Delek Logistics Partners will post 3.01 EPS for the current fiscal year.

Delek Logistics Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Friday, August 8th were issued a $1.115 dividend. This represents a $4.46 annualized dividend and a dividend yield of 10.3%. The ex-dividend date of this dividend was Friday, August 8th. This is a boost from Delek Logistics Partners's previous quarterly dividend of $1.11. Delek Logistics Partners's payout ratio is currently 151.19%.

Institutional Investors Weigh In On Delek Logistics Partners

Several hedge funds have recently added to or reduced their stakes in the business. Stifel Financial Corp lifted its holdings in Delek Logistics Partners by 7.5% during the 4th quarter. Stifel Financial Corp now owns 5,076 shares of the oil and gas producer's stock valued at $215,000 after purchasing an additional 355 shares during the last quarter. Jones Financial Companies Lllp boosted 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 acquiring an additional 910 shares during the period. Focus Financial Network Inc. boosted 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 acquiring an additional 1,116 shares during the period. BNP Paribas Financial Markets bought a new stake in shares of Delek Logistics Partners in the second quarter valued at about $50,000. Finally, Wells Fargo & Company MN boosted its position in shares of Delek Logistics Partners by 4.2% in the fourth quarter. Wells Fargo & Company MN now owns 30,338 shares of the oil and gas producer's stock valued at $1,282,000 after acquiring an additional 1,223 shares during the period. Institutional investors and hedge funds own 11.75% of the company's stock.

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.