Delek Logistics Partners (DKL) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Delek Logistics Partners in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research 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 Wall Street research analysts have issued 12-month target prices for Delek Logistics Partners' stock. Their DKL share price forecasts range from $48.00 to $48.00. On average, they expect the company's share price to reach $48.00 in the next year. This suggests that the stock has a possible downside of 11.1%.
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 beginning of the year. Since then, DKL shares have increased by 19.3% and is now trading at $53.97.
View the best growth stocks for 2023 here.

Delek Logistics Partners saw a decline in short interest in May. As of May 15th, there was short interest totaling 399,700 shares, a decline of 5.6% from the April 30th total of 423,400 shares. Based on an average daily volume of 34,700 shares, the days-to-cover ratio is currently 11.5 days. Currently, 4.6% of the company's shares are short sold.
View Delek Logistics Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our DKL earnings forecast.

Delek Logistics Partners, LP (NYSE:DKL) announced its quarterly earnings data on Monday, May, 8th. The oil and gas producer reported $0.86 earnings per share for the quarter, missing analysts' consensus estimates of $1.11 by $0.25. The oil and gas producer earned $243.53 million during the quarter, compared to analyst estimates of $273.79 million. Delek Logistics Partners had a net margin of 14.62% and a negative trailing twelve-month return on equity of 136.79%. During the same period in the prior year, the business earned $0.91 earnings per share.

Delek Logistics Partners announced a quarterly dividend on Friday, April 28th. Stockholders of record on Monday, May 8th will be given a dividend of $1.025 per share on Monday, May 15th. This represents a $4.10 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date of this dividend is Friday, May 5th. This is an increase from the stock's previous quarterly dividend of $0.73.
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), GraniteShares HIPS US High Income ETF (HIPS), InfraCap MLP ETF (AMZA), Virtus Real Asset Income ETF (VRAI), Alerian MLP ETF (AMLP), First Trust Multi-Asset Diversified Income Index Fund (MDIV), Arrow Dow Jones Global Yield ETF (GYLD) and ASYMmetric Smart Alpha S&P 500 ETF (ZSPY).

Delek Logistics Partners (NYSE:DKL) pays an annual dividend of $4.10 per share and currently has a dividend yield of 7.83%. 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 113.57%. 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 85.42% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for DKL.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "DKL."

Delek Logistics Partners' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Mirae Asset Global Investments Co. Ltd. (3.40%), JPMorgan Chase & Co. (0.41%), Infrastructure Capital Advisors LLC (0.18%), First Trust Advisors LP (0.16%), UBS Group AG (0.13%) and Raymond James & Associates (0.09%). Insiders that own company stock include Charles J Brown III, Ezra Uzi Yemin, Francis C D'andrea, Francis C D'andrea, Nilah Staskus and Reuven Spiegel.
View institutional ownership trends.

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.

One share of DKL stock can currently be purchased for approximately $53.97.

Delek Logistics Partners (NYSE:DKL) has a market capitalization of $2.35 billion and generates $1.04 billion in revenue each year. The oil and gas producer earns $159.05 million in net income (profit) each year or $3.61 on an earnings per share basis.

The company employs 2,020 workers across the globe.

Delek Logistics Partners' mailing address is 7102 COMMERCE WAY, BRENTWOOD TN, 37027. The official website for the company is www.deleklogistics.com. The oil and gas producer can be reached via phone at (615) 771-6701 or via email at dklir@deleklogistics.com.