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

Key Points

• Analysts assign Delek Logistics Partners a consensus “Hold” rating from six firms (1 sell, 3 hold, 2 buy) with an average 12‑month price target of $54.00.
• The company missed its last quarter: EPS $0.88 versus $1.26 expected and revenue $255.77M versus $283.64M expected; key metrics include a P/E of 15.34, PEG of 0.56 and a very high debt‑to‑equity ratio of 386.77.
• Delek Logistics declared a quarterly dividend of $1.13 (annualized $4.52) for a 9.0% yield

Shares of Delek Logistics Partners, L.P. (NYSE:DKL - Get Free Report) have been assigned a consensus rating of "Hold" from the six ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $54.00.

A number of analysts have commented on the stock. Citigroup reaffirmed a "neutral" rating and set a $52.00 price target (up from $47.00) on shares of Delek Logistics Partners in a research report on Friday, March 6th. Zacks Research cut shares of Delek Logistics Partners from a "hold" rating to a "strong sell" rating in a research report on Friday, January 23rd. Truist Financial assumed coverage on shares of Delek Logistics Partners in a research report on Tuesday, March 24th. They set a "hold" rating and a $57.00 price target on the stock. Weiss Ratings raised shares of Delek Logistics Partners from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, February 4th. Finally, Raymond James Financial reissued an "outperform" rating and set a $55.00 price objective on shares of Delek Logistics Partners in a research report on Thursday, March 5th.

Hedge Funds Weigh In On Delek Logistics Partners

Institutional investors and hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. boosted its position in shares of Delek Logistics Partners by 2.5% during the 3rd quarter. Alps Advisors Inc. now owns 4,323,382 shares of the oil and gas producer's stock worth $196,887,000 after purchasing an additional 104,115 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Delek Logistics Partners by 30.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 426,966 shares of the oil and gas producer's stock worth $19,444,000 after purchasing an additional 99,500 shares in the last quarter. PFG Investments LLC boosted its position in shares of Delek Logistics Partners by 50.9% during the 4th quarter. PFG Investments LLC now owns 33,650 shares of the oil and gas producer's stock worth $1,501,000 after purchasing an additional 11,350 shares in the last quarter. Sharpepoint LLC boosted its position in shares of Delek Logistics Partners by 1.4% during the 3rd quarter. Sharpepoint LLC now owns 37,868 shares of the oil and gas producer's stock worth $1,725,000 after purchasing an additional 506 shares in the last quarter. Finally, American Financial Group Inc. boosted its position in shares of Delek Logistics Partners by 10.0% during the 3rd quarter. American Financial Group Inc. now owns 16,500 shares of the oil and gas producer's stock worth $751,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 11.75% of the company's stock.

Delek Logistics Partners Stock Performance

Shares of DKL opened at $50.48 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.07 and a debt-to-equity ratio of 386.77. The stock has a market capitalization of $2.70 billion, a P/E ratio of 15.34, a price-to-earnings-growth ratio of 0.56 and a beta of 0.54. The firm's fifty day simple moving average is $51.93 and its two-hundred day simple moving average is $48.37. Delek Logistics Partners has a 12 month low of $37.50 and a 12 month high of $55.89.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last issued its quarterly earnings results on Friday, February 27th. The oil and gas producer reported $0.88 EPS for the quarter, missing analysts' consensus estimates of $1.26 by ($0.38). The firm had revenue of $255.77 million for the quarter, compared to the consensus estimate of $283.64 million. Delek Logistics Partners had a net margin of 17.41% and a return on equity of 461.30%. As a group, analysts predict that Delek Logistics Partners will post 4.11 EPS for the current year.

Delek Logistics Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, May 4th will be given a dividend of $1.13 per share. This is a boost from Delek Logistics Partners's previous quarterly dividend of $1.13. The ex-dividend date of this dividend is Monday, May 4th. This represents a $4.52 dividend on an annualized basis and a dividend yield of 9.0%. Delek Logistics Partners's payout ratio is currently 136.78%.

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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