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

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.

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.

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.
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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.

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

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%.

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.

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.

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).

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).

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.
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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.
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