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Delek Logistics Partners Stock Price, News & Analysis (NYSE:DKL)

$51.16
+1.20 (+2.40%)
(As of 03:57 PM ET)
Compare
Today's Range
$49.07
$51.68
50-Day Range
$40.23
$49.96
52-Week Range
$36.50
$58.81
Volume
72,059 shs
Average Volume
54,789 shs
Market Capitalization
$2.23 billion
P/E Ratio
15.18
Dividend Yield
8.17%
Price Target
$45.00

Delek Logistics Partners MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
12.0% Downside
$45.00 Price Target
Short Interest
Healthy
1.95% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.50mentions of Delek Logistics Partners in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$17,059 Sold Last Quarter
Proj. Earnings Growth
12.35%
From $3.24 to $3.64 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.90 out of 5 stars

Oils/Energy Sector

154th out of 232 stocks

Pipelines, Except Natural Gas Industry

7th out of 10 stocks


DKL stock logo

About Delek Logistics Partners Stock (NYSE:DKL)

Delek Logistics Partners, LP owns and operates logistics and marketing assets for crude oil, and intermediate and refined products in the United States. It operates through four segments: Gathering and Processing, Wholesale Marketing and Terminalling, Storage and Transportation, and Investment in Pipeline Joint Ventures. The Pipelines and Transportation segment includes 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. The Wholesale Marketing and Terminalling segment includes refined products terminals and pipelines in Texas, Tennessee, Arkansas, and Oklahoma. This segment provides marketing services for the refined products and terminalling services at refined products terminals to independent third parties. The Storage and Transportation segment comprises tanks, offloading facilities, trucks, and ancillary assets, which provide crude oil, intermediate, and refined products transportation and storage services. The Investments in Pipeline Joint Ventures segment owns a portion of three joint ventures that have constructed separate crude oil pipeline systems and related ancillary assets, which serves third parties and subsidiaries primarily in the Permian Basin and Gulf Coast regions. Delek Logistics GP, LLC serves as the general partner of the company. Delek Logistics Partners, LP was incorporated in 2012 and is headquartered in Brentwood, Tennessee. Delek Logistics Partners, LP operates as a subsidiary of Delek US Holdings, Inc.

DKL Stock Price History

DKL Stock News Headlines

Delek Logistics Partners (NYSE:DKL) Stock Price Down 3%
Q3 2023 Delek Logistics Partners LP Earnings Call
The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
Delek Logistics Reports Third Quarter 2023 Results
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Delek Logistics: M&A, Transformation, And Undervalued
Delek Logistics (DKL) was upgraded to a Hold Rating at Citi
Bear of the Day: Delek Logistics Partners (DKL)
Q2 2023 Delek Logistics Partners LP Earnings Call
Delek Logistics Reports Second Quarter 2023 Results
See More Headlines
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Company Calendar

Ex-Dividend for 11/13 Dividend
11/03/2023
Last Earnings
11/07/2023
Dividend Payable
11/13/2023
Today
11/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/27/2024

Industry, Sector and Symbol

Industry
Pipelines, except natural gas
Sub-Industry
N/A
Fax
N/A
Employees
2,020
Year Founded
2012

Price Target and Rating

Average Stock Price Target
$45.00
High Stock Price Target
$45.00
Low Stock Price Target
$45.00
Potential Upside/Downside
-8.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$159.05 million
Pretax Margin
14.20%

Debt

Sales & Book Value

Annual Sales
$1.04 billion
Cash Flow
$5.29 per share
Book Value
($3.19) per share

Miscellaneous

Free Float
43,160,000
Market Cap
$2.14 billion
Optionable
Optionable
Beta
2.06

Social Links

12 Stocks Corporate Insiders are Abandoning Cover

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Key Executives

  • Mr. Ezra Uzi Yemin (Age 55)
    Executive Chairman of Delek Logistics GP LLC
  • Mr. Avigal Soreq (Age 45)
    President, CEO & Director of Delek Logistics GP, LLC
  • Mr. Reuven Avraham Spiegel (Age 67)
    Executive VP, CFO & Director of Delek Logistics GP LLC
  • Ms. Denise Clark McWatters (Age 63)
    Executive VP, General Counsel & Secretary of Delek Logistics GP LLC
  • Mr. Odely Sakazi (Age 39)
    Senior Vice President of Delek Logistics GP LLC
    Comp: $312.78k
  • Mr. Joseph Israel (Age 51)
    Executive Vice President of Operations
  • Mr. Robert Wright (Age 39)
    Senior VP & Chief Accounting Officer of Delek Logistics GP, LLC
  • Ms. Rosy Zuklic (Age 49)
    Vice President of Investor Relations & Market Intelligence of Delek Logistics GP, LLC
  • Mr. Michael P. Ralsky
    Vice President of Public Affairs & ESG
  • Mr. Jared Paul Serff (Age 55)
    Executive Vice President of Delek Logistics GP LLC














DKL Stock Analysis - Frequently Asked Questions

Should I buy or sell Delek Logistics Partners stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Delek Logistics Partners in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" DKL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in DKL, but not buy additional shares or sell existing shares.
View DKL analyst ratings
or view top-rated stocks.

What is Delek Logistics Partners' stock price target for 2024?

1 equities research analysts have issued 1-year price objectives for Delek Logistics Partners' shares. Their DKL share price targets range from $45.00 to $45.00. On average, they expect the company's share price to reach $45.00 in the next twelve months. This suggests that the stock has a possible downside of 12.0%.
View analysts price targets for DKL
or view top-rated stocks among Wall Street analysts.

How have DKL shares performed in 2023?

Delek Logistics Partners' stock was trading at $45.25 at the start of the year. Since then, DKL stock has increased by 13.1% and is now trading at $51.16.
View the best growth stocks for 2023 here
.

Are investors shorting Delek Logistics Partners?

Delek Logistics Partners saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 172,300 shares, an increase of 88.5% from the October 31st total of 91,400 shares. Based on an average daily volume of 56,500 shares, the days-to-cover ratio is presently 3.0 days. Currently, 2.0% of the shares of the company are sold short.
View Delek Logistics Partners' Short Interest
.

When is Delek Logistics Partners' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our DKL earnings forecast
.

How were Delek Logistics Partners' earnings last quarter?

Delek Logistics Partners, LP (NYSE:DKL) issued its earnings results on Tuesday, November, 7th. The oil and gas producer reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.02. The oil and gas producer had revenue of $275.82 million for the quarter, compared to analysts' expectations of $261.55 million. Delek Logistics Partners had a net margin of 14.18% and a negative trailing twelve-month return on equity of 118.19%.

How often does Delek Logistics Partners pay dividends? What is the dividend yield for Delek Logistics Partners?

Delek Logistics Partners declared a quarterly dividend on Wednesday, October 25th. Investors of record on Monday, November 6th will be paid a dividend of $1.045 per share on Monday, November 13th. This represents a $4.18 dividend on an annualized basis and a yield of 8.17%. The ex-dividend date of this dividend is Friday, November 3rd. This is a boost from the stock's previous quarterly dividend of $1.04.
Read our dividend analysis for DKL
.

Is Delek Logistics Partners a good dividend stock?

Delek Logistics Partners (NYSE:DKL) pays an annual dividend of $4.18 per share and currently has a dividend yield of 8.48%. DKL has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 124.04%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, DKL will have a dividend payout ratio of 114.84% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for DKL.

What ETFs hold Delek Logistics Partners' stock?

ETFs with the largest weight of Delek Logistics Partners (NYSE:DKL) stock in their portfolio include Global X MLP ETF (MLPA), Alerian MLP ETF (AMLP), InfraCap MLP ETF (AMZA) and Global X MLP & Energy Infrastructure ETF (MLPX).Tortoise North American Pipeline Fund (TPYP).

What other stocks do shareholders of Delek Logistics Partners own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Delek Logistics Partners investors own include Energy Transfer (ET), Enterprise Products Partners (EPD), AT&T (T), NGL Energy Partners (NGL), Ares Capital (ARCC), New Residential Investment (NRZ), Höegh LNG Partners (HMLP), Annaly Capital Management (NLY), GasLog Partners (GLOP) and PBF Logistics (PBFX).

Who are Delek Logistics Partners' major shareholders?

Delek Logistics Partners' stock is owned by a variety of retail and institutional investors. Top institutional investors include Alps Advisors Inc. (3.52%), Invesco Ltd. (2.48%), Infrastructure Capital Advisors LLC (0.51%), Mirae Asset Global Investments Co. Ltd. (0.32%), UBS Group AG (0.10%) and Raymond James & Associates (0.08%). Insiders that own company stock include Avigal Soreq, Charles J Brown III, Ezra Uzi Yemin, Francis C D'andrea, Francis C D'andrea, Nilah Staskus, Odely Sakazi and Reuven Spiegel.
View institutional ownership trends
.

How do I buy shares of Delek Logistics Partners?

Shares of DKL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:DKL) was last updated on 11/29/2023 by MarketBeat.com Staff

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