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

Shares of Delek Logistics Partners, L.P. (NYSE:DKL - Get Free Report) have earned an average recommendation of "Hold" from the five analysts that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $44.25.

Several equities research analysts have recently issued reports on DKL shares. Mizuho upgraded Delek Logistics Partners to a "hold" rating in a report on Thursday. 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 Stock Down 0.2%

Shares of Delek Logistics Partners stock traded down $0.08 on Friday, hitting $42.99. 30,324 shares of the company traded hands, compared to its average volume of 163,271. Delek Logistics Partners has a 12-month low of $34.59 and a 12-month high of $45.71. The company has a quick ratio of 1.52, a current ratio of 1.61 and a debt-to-equity ratio of 22.02. The company has a market cap of $2.30 billion, a PE ratio of 14.38, a PEG ratio of 0.98 and a beta of 0.76. The company has a 50-day moving average price of $41.08 and a 200 day moving average price of $41.38.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last issued its earnings results on Wednesday, May 7th. The oil and gas producer reported $0.73 EPS for the quarter, meeting analysts' consensus estimates of $0.73. Delek Logistics Partners had a negative return on equity of 1,782.51% and a net margin of 15.88%. The firm had revenue of $249.93 million for the quarter, compared to the consensus estimate of $237.17 million. Sell-side analysts predict that Delek Logistics Partners will post 3.01 earnings per share for the current year.

Delek Logistics Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Thursday, May 8th were given a $1.11 dividend. The ex-dividend date was Thursday, May 8th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 10.33%. This is a boost from Delek Logistics Partners's previous quarterly dividend of $1.11. Delek Logistics Partners's payout ratio is currently 148.49%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DKL. Jones Financial Companies Lllp lifted its holdings in 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 worth $52,000 after purchasing an additional 910 shares during the last quarter. SVB Wealth LLC acquired a new position in Delek Logistics Partners during the 1st quarter worth $53,000. GeoWealth Management LLC bought a new stake in Delek Logistics Partners during the fourth quarter valued at about $206,000. MGO One Seven LLC bought a new stake in Delek Logistics Partners during the fourth quarter valued at about $206,000. Finally, Stifel Financial Corp grew its position 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 valued at $215,000 after purchasing an additional 355 shares during the last quarter. 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.