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This 11% Dividend Stock Has 11%+ Upside, Too
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
MarketBeat Week in Review – 1/30 - 2/3
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
A gold storm is coming… (Ad)
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
A gold storm is coming… (Ad)
Disney World unions vote down offer covering 45,000 workers
This 11% Dividend Stock Has 11%+ Upside, Too
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
MarketBeat Week in Review – 1/30 - 2/3
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
A gold storm is coming… (Ad)
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
A gold storm is coming… (Ad)
Disney World unions vote down offer covering 45,000 workers
This 11% Dividend Stock Has 11%+ Upside, Too
S&P 500   3,852.36
DOW   32,920.46
QQQ   306.18
MarketBeat Week in Review – 1/30 - 2/3
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
State of the Union: Biden sees economic glow, GOP sees gloom
Why a new Alzheimer's drug is having a slow US debut
A gold storm is coming… (Ad)
Sri Lanka marks independence anniversary amid economic woes
Tesla hikes price of Model Y after US alters tax credit rule
A gold storm is coming… (Ad)
Disney World unions vote down offer covering 45,000 workers
This 11% Dividend Stock Has 11%+ Upside, Too
NYSE:DKL

Delek Logistics Partners - DKL Stock Forecast, Price & News

$47.37
-1.16 (-2.39%)
(As of 02/3/2023 12:00 AM ET)
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Compare
Today's Range
$47.26
$49.37
50-Day Range
$43.75
$52.44
52-Week Range
$39.00
$64.46
Volume
50,911 shs
Average Volume
33,454 shs
Market Capitalization
$2.06 billion
P/E Ratio
13.01
Dividend Yield
8.41%
Price Target
$48.00

Delek Logistics Partners MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
1.3% Upside
$48.00 Price Target
Short Interest
Bearish
3.24% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
1.04mentions of Delek Logistics Partners in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$826,958 Sold Last Quarter
Proj. Earnings Growth
40.94%
From $3.81 to $5.37 Per Share

Overall MarketRank

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

2.09 out of 5 stars

Oils/Energy Sector

152nd out of 238 stocks

Pipelines, Except Natural Gas Industry

7th out of 11 stocks

DKL stock logo

About Delek Logistics Partners (NYSE:DKL) Stock

Delek Logistics Partners LP owns and operates logistics and marketing assets for crude oil, intermediate, and refined products. The firm gathers, transports, and stores crude oil. It also markets, distributes, transports, and stores refined products. It operates through the following segments: Pipelines and Transportation, Wholesale Marketing and Terminalling, and Investments in Pipeline Joint Ventures. The Pipelines and Transportation segment consists of crude oil transportation pipelines, refined product pipelines, crude oil gathering system, and associated crude oil storage tanks. The Wholesale Marketing and Terminalling segment provides marketing services for refined products output of the Tyler Refinery and the Big Spring Refinery. It also engages in wholesale activity at the Abilene and San Angelo, Texas terminals, as well as at terminals owned by third parties, whereby the firm purchases light products for sale and exchange to third parties. It is also involved in providing terminalling services to independent third parties and Delek Holdings. The Investments in Pipeline Joint Ventures segment owns a portion of three joint ventures that have constructed separate crude oil pi

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DKL Stock News Headlines

Delek Logistics Partners (NYSE:DKL) Shares Gap Down to $50.59
Delek Logistics Partners Could Help Fuel Investor Gains
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
3 Highly-Ranked Stocks With Dividend Yields Above 5%
A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
DKL Delek Logistics Partners, LP
Delek Logistics Partners (NYSE: DKL)
Delek Logistics Partners, LP (DKL)
See More Headlines
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DKL Company Calendar

Ex-Dividend for 11/10 Dividend
11/03/2022
Last Earnings
11/07/2022
Dividend Payable
11/10/2022
Ex-Dividend for 2/9 Dividend
2/01/2023
Today
2/04/2023
Dividend Payable
2/09/2023
Next Earnings (Confirmed)
2/28/2023
Fiscal Year End
12/31/2023

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 Forecast
$48.00
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$48.00
Forecasted Upside/Downside
+1.3%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$164.82 million
Pretax Margin
16.59%

Debt

Sales & Book Value

Annual Sales
$700.90 million
Cash Flow
$4.85 per share
Book Value
($2.39) per share

Miscellaneous

Free Float
43,057,000
Market Cap
$2.06 billion
Optionable
Optionable
Beta
2.17

Social Links


Key Executives

  • Avigal Soreq
    President
  • Todd O’Malley
    Chief Operating Officer
  • Reuven SpiegelReuven Spiegel
    Chief Financial Officer, Director & Executive VP
  • Denise Clark McWatters
    Secretary, Executive VP & General Counsel
  • Robert Wright
    Chief Accounting Officer & Senior VP













DKL Stock - 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 twelve months. 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 forecast for 2023?

1 Wall Street analysts have issued twelve-month price objectives for Delek Logistics Partners' shares. Their DKL share price forecasts range from $48.00 to $48.00. On average, they expect the company's stock price to reach $48.00 in the next year. This suggests a possible upside of 1.3% from the stock's current price.
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 beginning of 2023. Since then, DKL stock has increased by 4.7% and is now trading at $47.37.
View the best growth stocks for 2023 here
.

Are investors shorting Delek Logistics Partners?

Delek Logistics Partners saw a increase in short interest in January. As of January 15th, there was short interest totaling 283,100 shares, an increase of 14.7% from the December 31st total of 246,800 shares. Based on an average trading volume of 66,700 shares, the days-to-cover ratio is presently 4.2 days. Approximately 3.2% of the company's stock are short sold.
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 28th 2023.
View our DKL earnings forecast
.

How can I listen to Delek Logistics Partners' earnings call?

Delek Logistics Partners will be holding an earnings conference call on Tuesday, February 28th at 3:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Delek Logistics Partners' earnings last quarter?

Delek Logistics Partners, LP (NYSE:DKL) issued its quarterly earnings results on Monday, November, 7th. The oil and gas producer reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.88 by $0.15. The oil and gas producer earned $294.03 million during the quarter, compared to the consensus estimate of $313.48 million. Delek Logistics Partners had a negative trailing twelve-month return on equity of 143.27% and a net margin of 16.51%.

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 Monday, January 23rd. Investors of record on Thursday, February 2nd will be given a dividend of $1.02 per share on Thursday, February 9th. This represents a $4.08 annualized dividend and a yield of 8.61%. The ex-dividend date is Wednesday, February 1st. This is a positive change from the stock's previous quarterly dividend of $0.99.
Read our dividend analysis for DKL
.

Is Delek Logistics Partners a good dividend stock?

Delek Logistics Partners (NYSE:DKL) pays an annual dividend of $4.08 per share and currently has a dividend yield of 8.41%. 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 112.09%. 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 75.98% 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 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).

What is Delek Logistics Partners' stock symbol?

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

Who are Delek Logistics Partners' major shareholders?

Delek Logistics Partners' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include U.S. Capital Wealth Advisors LLC (0.05%), Simplex Trading LLC (0.00%), Groesbeck Investment Management Corp NJ (0.01%), Janney Montgomery Scott LLC (0.01%), VitalStone Financial LLC (0.00%) and MinichMacGregor Wealth Management LLC (0.00%). Insiders that own company stock include 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.

What is Delek Logistics Partners' stock price today?

One share of DKL stock can currently be purchased for approximately $47.37.

How much money does Delek Logistics Partners make?

Delek Logistics Partners (NYSE:DKL) has a market capitalization of $2.06 billion and generates $700.90 million in revenue each year. The oil and gas producer earns $164.82 million in net income (profit) each year or $3.64 on an earnings per share basis.

How many employees does Delek Logistics Partners have?

The company employs 2,020 workers across the globe.

How can I contact Delek Logistics Partners?

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.

This page (NYSE:DKL) was last updated on 2/4/2023 by MarketBeat.com Staff