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

Key Points

• Delek Logistics Partners, L.P. has received a consensus recommendation of "Hold" from analysts, with one sell, two hold, and two buy ratings, and a 1-year price target of $44.25.
• The company reported an earnings per share of $0.83 for the last quarter, exceeding analyst expectations of $0.79, despite revenue falling short at $246.35 million against expectations of $289.07 million.
• Delek Logistics Partners recently increased its quarterly dividend to $1.115, resulting in a 10.0% dividend yield, with a dividend payout ratio of 151.19%.

Shares of Delek Logistics Partners, L.P. (NYSE:DKL - Get Free Report) have been assigned a consensus recommendation of "Hold" from the five ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $44.25.

DKL has been the topic of several research reports. Weiss Ratings restated a "hold (c+)" rating on shares of Delek Logistics Partners in a research note on Saturday, September 27th. Mizuho boosted their target price on Delek Logistics Partners from $44.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, August 29th.

Insider Activity at Delek Logistics Partners

In other Delek Logistics Partners news, Director Charles J. Brown III sold 1,134 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $42.91, for a total transaction of $48,659.94. Following the transaction, the director owned 17,971 shares of the company's stock, valued at approximately $771,135.61. This represents a 5.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 2,134 shares of company stock valued at $93,660. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its stake in shares of Delek Logistics Partners by 303.3% in the 1st 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. lifted its stake in shares of Delek Logistics Partners by 11.0% in the 1st 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. BNP Paribas Financial Markets acquired a new position in shares of Delek Logistics Partners in the 2nd quarter valued at $50,000. SVB Wealth LLC acquired a new position in shares of Delek Logistics Partners in the 1st quarter valued at $53,000. Finally, LPL Financial LLC increased its position in shares of Delek Logistics Partners by 2.9% in the 1st quarter. LPL Financial LLC now owns 45,721 shares of the oil and gas producer's stock valued at $1,978,000 after buying an additional 1,274 shares in the last quarter. Institutional investors and hedge funds own 11.75% of the company's stock.

Delek Logistics Partners Stock Up 0.1%

DKL traded up $0.06 during trading on Friday, reaching $44.80. 39,171 shares of the stock traded hands, compared to its average volume of 66,018. Delek Logistics Partners has a fifty-two week low of $34.59 and a fifty-two week high of $48.00. The stock's 50-day simple moving average is $44.33 and its two-hundred day simple moving average is $42.46. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 1.01 and a beta of 0.59. The company has a debt-to-equity ratio of 69.13, a current ratio of 0.93 and a quick ratio of 0.89.

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 for the quarter, topping analysts' consensus estimates of $0.79 by $0.04. The company had revenue of $246.35 million during the quarter, compared to analysts' expectations of $289.07 million. Delek Logistics Partners had a return on equity of 1,224.47% and a net margin of 16.58%. As a group, equities research analysts expect that Delek Logistics Partners will post 3.01 EPS for the current year.

Delek Logistics Partners Increases Dividend

The firm also recently announced 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 10.0%. The ex-dividend date of this dividend was Friday, August 8th. This is an increase from Delek Logistics Partners's previous quarterly dividend of $1.11. Delek Logistics Partners's dividend payout ratio (DPR) is presently 151.19%.

About Delek Logistics Partners

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.

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