Delek Logistics Partners (NYSE:DKL) Shares Pass Above 200 Day Moving Average - What's Next?

Key Points

• Delek Logistics Partners recently climbed above its 200-day moving average, trading as high as $51.17 (200‑day MA $48.82) and last around $50.64 on strong volume.
• Q1 results showed a mixed print — EPS $0.60 missed analysts' $0.80 estimate while revenue of $297.5M beat expectations — and analysts still carry a consensus rating of "Hold" with a $55.25 price target.
• The partnership declared a quarterly dividend of $1.13 (annualized $4.52), implying a ~8.9% yield, though the payout ratio is an elevated 143%, signaling potential sustainability concerns.

Delek Logistics Partners, L.P. (NYSE:DKL - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $48.82 and traded as high as $51.17. Delek Logistics Partners shares last traded at $50.6390, with a volume of 80,371 shares traded.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Raymond James Financial restated an "outperform" rating and issued a $60.00 price target on shares of Delek Logistics Partners in a research report on Thursday, April 30th. Zacks Research lowered Delek Logistics Partners from a "hold" rating to a "strong sell" rating in a research note on Friday, January 23rd. Citigroup reaffirmed a "neutral" rating and issued a $52.00 price objective (up from $47.00) on shares of Delek Logistics Partners in a research note on Friday, March 6th. Mizuho raised their price objective on Delek Logistics Partners from $45.00 to $52.00 and gave the company a "neutral" rating in a research note on Tuesday, April 21st. Finally, Truist Financial began coverage on Delek Logistics Partners in a research note on Tuesday, March 24th. They issued a "hold" rating and a $57.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $55.25.

Delek Logistics Partners Stock Down 1.2%

The stock has a 50 day moving average price of $51.57 and a 200 day moving average price of $48.82. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 16.03, a price-to-earnings-growth ratio of 0.60 and a beta of 0.50. The company has a quick ratio of 0.92, a current ratio of 0.96 and a debt-to-equity ratio of 386.77.

Delek Logistics Partners (NYSE:DKL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The oil and gas producer reported $0.60 EPS for the quarter, missing analysts' consensus estimates of $0.80 by ($0.20). Delek Logistics Partners had a net margin of 16.00% and a return on equity of 1,917.10%. The firm had revenue of $297.47 million for the quarter, compared to analyst estimates of $239.87 million. As a group, analysts forecast that Delek Logistics Partners, L.P. will post 3.86 EPS for the current year.

Delek Logistics Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, May 4th will be paid a dividend of $1.13 per share. The ex-dividend date of this dividend is Monday, May 4th. This is a positive change from Delek Logistics Partners's previous quarterly dividend of $1.13. This represents a $4.52 dividend on an annualized basis and a dividend yield of 8.9%. Delek Logistics Partners's payout ratio is 143.04%.

Institutional Trading of Delek Logistics Partners

A number of hedge funds have recently made changes to their positions in DKL. Jones Financial Companies Lllp boosted its stake in shares of Delek Logistics Partners by 303.3% during 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 purchasing an additional 910 shares in the last quarter. Jump Financial LLC acquired a new stake in shares of Delek Logistics Partners during the second quarter valued at about $207,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Delek Logistics Partners by 24.4% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,523,062 shares of the oil and gas producer's stock valued at $65,416,000 after purchasing an additional 298,867 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of Delek Logistics Partners by 30.8% during the second quarter. Raymond James Financial Inc. now owns 205,036 shares of the oil and gas producer's stock valued at $8,806,000 after purchasing an additional 48,284 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Delek Logistics Partners by 1,186.5% in the second quarter. Bank of America Corp DE now owns 4,194 shares of the oil and gas producer's stock worth $180,000 after acquiring an additional 3,868 shares during the period. 11.75% of the stock is owned by institutional investors and hedge funds.

Delek Logistics Partners Company Profile

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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