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

Key Points

• Consensus "Hold" from five analysts (1 sell, 2 hold, 2 buy) with an average 12‑month price target of $50.67.
• Delek Logistics missed recent quarterly expectations (EPS $0.88 vs. $1.26 est.; revenue $255.8M vs. $283.6M) but raised its quarterly dividend to $1.125, implying an 8.5% yield and a 136.8% payout ratio.
• The partnership carries (debt‑to‑equity 386.77), a market cap of $2.84B and a 52‑week range of $34.59–$55.89, signaling elevated financial risk despite a P/E of 16.12.

Delek Logistics Partners, L.P. (NYSE:DKL - Get Free Report) has been given an average recommendation of "Hold" by the five ratings firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $50.6667.

Several brokerages have commented on DKL. Zacks Research lowered shares of Delek Logistics Partners from a "hold" rating to a "strong sell" rating in a research report on Friday, January 23rd. Weiss Ratings upgraded Delek Logistics Partners from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, February 4th. Raymond James Financial reiterated an "outperform" rating and issued a $55.00 price target on shares of Delek Logistics Partners in a research report on Thursday. Finally, Citigroup reissued a "neutral" rating and set a $52.00 price objective (up from $47.00) on shares of Delek Logistics Partners in a report on Friday.

Delek Logistics Partners Price Performance

DKL opened at $53.05 on Friday. Delek Logistics Partners has a 1 year low of $34.59 and a 1 year high of $55.89. The firm's fifty day moving average price is $50.26 and its two-hundred day moving average price is $46.65. The company has a debt-to-equity ratio of 386.77, a current ratio of 1.12 and a quick ratio of 0.98. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 0.48 and a beta of 0.51.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last announced its earnings results on Friday, February 27th. The oil and gas producer reported $0.88 earnings per share for the quarter, missing analysts' consensus estimates of $1.26 by ($0.38). The business had revenue of $255.77 million during the quarter, compared to analysts' expectations of $283.64 million. Delek Logistics Partners had a return on equity of 461.30% and a net margin of 17.41%. As a group, analysts anticipate that Delek Logistics Partners will post 3.01 earnings per share for the current fiscal year.

Delek Logistics Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 12th. Stockholders of record on Thursday, February 5th were issued a $1.125 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This is a positive change from Delek Logistics Partners's previous quarterly dividend of $1.12. This represents a $4.50 dividend on an annualized basis and a dividend yield of 8.5%. Delek Logistics Partners's payout ratio is currently 136.78%.

Hedge Funds Weigh In On Delek Logistics Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Delek Logistics Partners by 24.4% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,523,062 shares of the oil and gas producer's stock worth $65,416,000 after purchasing an additional 298,867 shares during the last quarter. Alps Advisors Inc. increased its holdings in shares of Delek Logistics Partners by 3.8% in the fourth quarter. Alps Advisors Inc. now owns 4,489,123 shares of the oil and gas producer's stock worth $200,305,000 after buying an additional 165,741 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Delek Logistics Partners by 30.4% in 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 during the last quarter. HRT Financial LP lifted its stake in shares of Delek Logistics Partners by 278.3% in the 2nd quarter. HRT Financial LP now owns 74,704 shares of the oil and gas producer's stock valued at $3,208,000 after acquiring an additional 54,959 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in Delek Logistics Partners by 30.8% during the 2nd quarter. Raymond James Financial Inc. now owns 205,036 shares of the oil and gas producer's stock valued at $8,806,000 after acquiring an additional 48,284 shares during the period. 11.75% of the stock is currently owned by hedge funds and other institutional investors.

About Delek Logistics Partners

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.

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