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 year. 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.
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1 brokerages have issued twelve-month price targets for Delek Logistics Partners' stock. Their DKL share price forecasts range from $45.00 to $45.00. On average, they predict the company's share price to reach $45.00 in the next year. This suggests a possible upside of 4.7% from the stock's current price.
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 decreased by 5.0% and is now trading at $42.97.
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Delek Logistics Partners saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 119,900 shares, a drop of 33.9% from the August 15th total of 181,500 shares. Based on an average trading volume of 79,800 shares, the days-to-cover ratio is presently 1.5 days. Currently, 1.4% of the shares of the stock are sold short.
View Delek Logistics Partners' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 6th 2023.
View our DKL earnings forecast.

Delek Logistics Partners, LP (NYSE:DKL) released its quarterly earnings results on Monday, August, 7th. The oil and gas producer reported $0.73 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.81 by $0.08. The oil and gas producer earned $246.91 million during the quarter, compared to analyst estimates of $281.25 million. Delek Logistics Partners had a net margin of 14.87% and a negative trailing twelve-month return on equity of 132.78%. During the same quarter last year, the business earned $0.74 earnings per share.

Delek Logistics Partners announced a quarterly dividend on Wednesday, July 26th. Stockholders of record on Monday, August 7th will be given a dividend of $1.035 per share on Monday, August 14th. This represents a $4.14 dividend on an annualized basis and a yield of 9.63%. The ex-dividend date is Friday, August 4th. This is a positive change 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), Alerian MLP ETF (AMLP), InfraCap MLP ETF (AMZA) and Global X MLP & Energy Infrastructure ETF (MLPX).Tortoise North American Pipeline Fund (TPYP).

Delek Logistics Partners (NYSE:DKL) pays an annual dividend of $4.14 per share and currently has a dividend yield of 9.75%. 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 115.00%. 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 115.32% 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 retail and institutional investors. Top institutional investors include Mirae Asset Global Investments Co. Ltd. (3.66%), JPMorgan Chase & Co. (0.41%), Goldman Sachs Group Inc. (0.31%), Infrastructure Capital Advisors LLC (0.12%), Raymond James & Associates (0.08%) and Wells Fargo & Company MN (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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One share of DKL stock can currently be purchased for approximately $42.97.

Delek Logistics Partners (NYSE:DKL) has a market capitalization of $1.87 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 $3.60 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.